NUPRC threatens to revoke ‘oil operators’ licences
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators or settlors who failed to remit the three per cent…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Petrol to sell less than N200 per litre with functional refineries – IPMAN
The Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers State Chapter, Joseph Obele, has urged the Federal Government to ensure that the nation’s…
States have been paid only N2bn of N5bn subsidy removal palliative-FG
The federal government has said that it had released N2 billion of the N5 billion loan offered to each state as a palliative to mitigate the…
NLC declares two-day warning strike over petrol subsidy removal
The Nigeria Labour Congress (NLC) has declared a 2-day warning strike over the impact of petrol subsidy removal on the masses. The strike is set to…
BREAKING: NCAA Suspends Xejet Operations Over Fake Certificate
The Nigeria Civil Aviation Authority (NCAA) has suspended the operations of Xejet Airlines over alleged fake insurance certificates for its Embraer 145 aircraft. A letter NCAA/DGCAIGC/8/16/628,…
Nigerian railway corporation monthly revenue drops from N500m to 1m
Engr. Fidet Okhiria, the Managing Director of the Nigeria Railway Corporation, NRC, says the monthly revenue realised from train service operations on Abuja-Kaduna rail line has…
Fidelity Bank to help Schools prepare for New School Session with Edu Loan Product
As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and…
Fidelity Bank records highest earnings per share on the NGX for H1 2023
For the second year running, leading financial institution, Fidelity Bank Plc, has emerged as the company with the highest earnings per share on the Nigerian Exchange…
Acting CBN governor, Deputies sued over refusal to declare assets
The Network Against Corruption and Trafficking Foundation (NACAT) has taken legal action against Mr Folashodun Shonubi, the acting Governor of the Central Bank of Nigeria (CBN), and Mr…
Edo Govt attracts investors to develop lithium operation, engage local miners
Edo State Commissioner for Mining and Energy, Hon. Enaholo Ojeifoh has unveiled plans by the government to develop Lithium and other solid mineral mining operations in…