Why Shell is selling its Onshore Oil Drilling Business in Nigeria for $2.1bn
After almost 90 years nine decadesshell is selling its oil drilling business on Nigerian soil this is the second largest oil company in the world second…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
BREAKING: Court declares Rivers budget invalid
The Federal High Court in Abuja has nullified the passage of the 2024 Rivers State appropriation bill by the five-member faction of the State House of…
Inflation: Residents laments as Lagos landlords increases rent by 90%
Residents in Lagos are facing increasing frustration as landlords implement substantial rent hikes, surpassing 90%, attributing the surge to the prevalent inflationary pressures. The rent surge…
BREAKING: Former CBN governor, Godwin Emefiele, appears in court, pleads not guilty
Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele faced a barrage of charges today as he pleaded not guilty before the Federal High Court in…
BREAKING: Court approves former CBN governor Emefiele’s travel request
A High Court of the Federal Capital Territory, FCT, sitting at Maitama, Abuja, on Thursday, varied the bail condition granted to the immediate past Governor of…
NNPC Ltd’s Command-and-Control Centre has Aided Battle against Crude Oil Theft, Pipeline Vandalism – Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari has said that the NNPC Ltd’s Command-and-Control Centrehas aided…
JUST IN: Fire guts popular Panteka market in Kaduna state
The Kaduna State Fire Service on Wednesday, confirmed a fire incident at the popular Panteka market in Kaduna. Mr Paul Aboi, Director, Kaduna State Fire Service,…
Former minister to face EFCC charges for N3.6bn loan default.
The Economic and Financial Crimes Commission has arrested a former Minister of Commerce and Industry, Charles Ugwu, for alleged conspiracy and loan fraud to the tune…
Mad rush as marketers get approval to sell Dangote fuel despite company’s refusal to immediately begin fuel production
Seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn…
Central Bank Decongestion Sparks Anxiety Among Staff as 1,533 Face Relocation
The Central Bank of Nigeria (CBN) has set off a wave of uncertainty among its staff with the sudden announcement of a head office decongestion plan…