Tribunal removes Kalu as senator for Abia North

There’s nothing to worry about – OUK The National and State Assembly Election Petitions Tribunal sitting in Abia State has nullified the election of Senator Orji Uzor Kalu. The tribunal also ordered... Read more »

CBN injects $321.11m, CNY 33.3m into retail SMIS

The Central Bank of Nigeria (CBN) has made another intervention in the retail Secondary Market Intervention Sales (SMIS) to the tune of $321, 112,537.31. Figures obtained from the CBN on Friday, September... Read more »

Concern mounts as oil price slips to $59

Nigeria’s 2019 budget may face funding issues as oil price slipped toward $59 a barrel last week after new import tariffs imposed by the United States and China came into force. Finance... Read more »

Xenophobia: Over 600 Nigerians ready to return home from South Africa – Abike Dabiri-Erewa

No fewer than six hundred and forty stranded Nigerians in South Africa have registered to return back home following the willingness of the federal government to evacuate willing Nigerians back to safety.... Read more »

9mobile gets $230m loan from AFC for growth plans

The Management of Emerging Markets Telecommunication Services Limited (EMTS), trading as 9mobile, has secured $230 million loan facility from Africa Finance Corporation (AFC) to help it attain its long-term growth plans. The... Read more »

Xenophobia: Buhari orders immediate evacuation of Nigerians from South Africa

President Muhammadu Buhari has ordered the immediate evacuation of all Nigerians willing to return home from South Africa, over increasing xenophobic attacks. The President gave the order as he received the report... Read more »

Nigerian oil skirts U.S shale boom in journey to California

Nigeria’s oil, displaced by U.S. shale, has found an unlikely new outlet this year: the coast of the continental United States that is farthest from the African country’s shores. The shale boom... Read more »

NNPC threatens to sack fraudulent depot managers

The Nigerian National Petroleum Corporation (NNPC) has threatened to sack depot and area managers involved in underhand dealings in the downstream sector, the oil firm’s Group Managing Director, Mele Kyari, has said.... Read more »

Onyeama blasts South Africa’s foreign minister over comments on Nigerians

Nigerian Foreign Affairs Minister, Geoffrey Onyeama, has criticised his South African counterpart Naledi Pandor’s comments that many Nigerians in South Africa indulge in criminal acts. “It is precisely this kind of outrageous... Read more »

ExxonMobil loses US case against NNPC over Erha

A US court has ruled in favour of the Nigerian National Petroleum Corporation (NNPC), dismissing ExxonMobil-led claims that sought to extract $1.799 billion plus interest. A ruling from the US Southern District... Read more »
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