Pharmaceutical industry needs urgent bailout, says May & Baker MD

May & Baker Nigeria Plc said on Friday that the pharmaceutical sector needs a bailout of N500billion, to play actively in African Continental Free Trade Area (AfCFTA) agreement. The Managing Director of... Read more »

Nigeria tells Togo, Benin, Niger to pay electricity bills

Nigeria has told the international electricity customers-Niger, Togo, and Republic of Benin-to pay up their outstanding $7million debt because “electricity is not charity.” The Chairman, West African Power Pool (WAAP), Mr. Usman... Read more »

Over $60bn traded in I&E forex window since inception, says Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, disclosed on Friday that over $60 billion had been traded in the Investors and Exporters (I&E) window segment of the... Read more »

Nigeria’s oil revenue dips by 2.6% to N3.97trn in 9 months ― CBN

Nigeria’s earnings from the oil and gas industry declined by 2.62 per cent to N3.973 trillion in the first nine months of the year, from January to September 2019, according to data... Read more »

Oil prices climb to highest in three months on renewed U.S-China trade deal hopes

Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that... Read more »

Nigeria positions to access $1bn energy fund

President Muhammadu Buhari has disclosed that Nigeria would join other African oil and gas producing countries in accessing the $1 billion African Energy Investment Corporation (AEICorp) Fund, promoted by the African Petroleum... Read more »

DisCos’ revenue collection hit N121.32b in Q2

The 11 electricity Distribution Companies (DisCos) collected N121.32billion revenue out of the total N186.08billion bills they issued to consumers in the second quarter of 2019, it was learnt on Wednesday. According to... Read more »

NNPC suffers 45,347 pipeline breaks in 18 years

Strategizes to curb menace The Nigerian National Petroleum Corporation (NNPC) said it suffered 45,347 pipeline breaks in 18 years, as it laid out steps to mitigate the ragging twin menace of pipeline... Read more »

Nigerian banks not distressed, says NDIC

The Nigeria Deposit Insurance Corporation (NDIC) has assured that the country’s banks remain stable in spite of a negative rating on Nigeria by global credit rating agency, Moody’s. NDIC Deputy Director for... Read more »

Yuletide: Arik Air boosts fleet as two aircraft return from maintenance

Arik Air announced on Tuesday that it is set to boost its operations ahead of the Yuletide season as two of its aircraft returned from a major maintenance check – in aviation... Read more »
Open chat