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A Nigerian judge adjourned on Wednesday a hearing over an $8.1bn dispute between South African telecoms giant MTN and the central bank until January. 22. Read more

Nigerian equities lost N28 billion yesterday as selloffs in the banking sector coloured the overall market position. While there were more gainers than losers, losses suffered by highly capitalised banking stocks depressed the overall market situation. Read more

Enhancing Financial Innovation and Access (EFInA), a financial sector development organization has released its 2018 survey that shows the number of people with access to financial services has increased, but the organization says there room for improvement as the formal labour market is not absorbing enough Nigerians. Read more

The Economic and Financial Crimes Commission (EFCC) has released Tunde Ayeni, former chairman of Skye Bank Plc, after questioning him over 2015 election funds. Read more

The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu,  says the Federal Government has no plans to increases the price of  Premium Motor Spirit known as petrol. Read more

The 41 items are rice, cement, margarine, palm kernel/palm oil products/vegetables oils, meat and processed meat products, vegetables and vegetables products, poultry chicken, eggs, turkey, private airplanes/jets, indian incense, tinned fish in sauce (Giesha)/sardines, cold rolled steel sheets, roofing sheets, galvanized and cold rolled steel sheets. Read more

There would be hiccups in the supply of fuels in the country as the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMA)yesterday insisted that its members will withdraw their services as planned today and refuted reaching an agreement with the Federal Ministry of Finance on the payment of the N800 billion subsidy arrears. Read […]

The Federal Government, yesterday, said it would pay oil marketers N236 billion next Friday, being first tranche of the outstanding N348 billion subsidy claims owed members of the Major Oil Marketers Association of Nigeria, MOMAN, and the Depot and Petroleum Products Marketers Association, DAPPMA. Read more

The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee and the Nigerian Postal Service (NIPOST), will set up a Micro Finance Bank (MFB) to enhance financial inclusion and credit to the agricultural sector as well as small and medium scale enterprises (SME). Read more

HOUSTON (Reuters) – The recent nosedive in crude prices came just as shale producers had started delivering healthy returns after years of heavy spending to boost production and market share. Read more

Canada has arrested the chief financial officer of China’s Huawei Technologies, who now faces extradition to the United States on suspicion she violated U.S. trade sanctions against Iran. Read more

The Nigerian National Petroleum Corporation (NNPC), on Wednesday reiterated that there was no mass retrenchment plans in the establishment. Read more

The $15,000 weekly Yuletide special intervention foreign exchange (forex) sales to Bureau de Change (BDC) operators commences tomorrow, the Central Bank of Nigeria (CBN) has announced. Read more

ABP, an agricultural programme, was launched by President Muhammadu Buhari in 2015 and is aimed to create a linkage between anchor companies involved in the processing and smallholder farmers (SHFs) of the required key agricultural commodities. Read more

The Nigerian National Petroleum Corporation (NNPC) yesterday said it lost over $800million revenue to all the stakeholders owing to breaches of contracts of its old regime. Read more

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele seized the opportunity of the annual bankers dinner to share his view on some of the key issues that the Nigerian economy has faced over the past three years and how to strengthen the economic recovery process of the country. Read more

Taking bold decisions demands courage and foresight. Read more

The Nigerian National Petroleum Corporation on Monday said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this season regardless of the recent threat and ultimatum by oil marketers. Read more

Shell Petroleum Development Company of Nigeria (SPDC) and its joint partners have signed a gas supply and aggregation agreement to support the 140 Megawatts Aba Integrated Power Project in Abia State. Read more

Qatar announces it is withdrawing from the Organisation of Petroleum Exporting Countries (OPEC) effective January 1, 2019.  Read More