Business

A MULTI-BILLION dollar investment opportunity in the nation’s deep-offshore frontiers was yesterday unveiled at the 10th World Energy Capital Assembly in London, United Kingdom. It was part of the drive by the…

The chairman and chief executive of Dangote Group, Alhaji Aliko Dangote, has said yesterday in Kano that the main priority of the company was to provide job opportunities to teeming jobless Nigerians Dangote was represented…

Details of the revenues from stamp duties estimated at N20 trillion still remain opaque as the federal agencies involved in the collection have refused to provide information, despite the Freedom of Information (FOI)…

A group of Nigerian Hackers known as “London Blue” have plans to swindle 50,000 finance executives across every sector of the globe in 2018, a recent investigation has revealed. The hackers, who operate in 17…

In its first intervention in the foreign exchange market for the month of December, the Central Bank of Nigeria (CBN) on Tuesday, December 4, 2018 injected the sum of $210 million in the inter-bank foreign exchange…

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. The state-run oil firm said this year,…

Wole Olanipekun, senior advocate of Nigeria (SAN) and counsel to MTN, says his client has decided to pursue an out-of-court settlement with the Central Bank of Nigeria. The telecommunications company had filed a suit to…

*Lenders borrowed N678.27bn from apex bank in OctoberThe Central Bank of Nigeria (CBN) has launched a probe into the books of lenders in the country focusing on their top 10 loans, New Telegraph has learnt.The investigation, which…

Okechukwu Enelamah, minister of industry, trade and investment, says intending enterprises can now complete their registration with the Corporate Affairs Commission (CAC) within 48 hours. The minister made this…

Central Bank of Nigeria (CBN) Governor Godwin Emefiele is thumping his chest that the restriction on 41 items from accessing foreign exchange (forex) at the official market rate is yielding dividends. The policy has…

The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria. Godwin Emefiele made this revelation at the…

The President of Dangote Group, Aliko Dangote, has said the current effort of the Federal Government at diversifying the economy to an agriculture-centered one remains the viable solution to creating a healthy…

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday revealed that the various initiatives aimed at encouraging domestic production, have resulted in Nigeria’s monthly import bill falling…

Oil marketers on Sunday in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country. The marketers,…

Ethiopian Airlines, the largest Aviation Group in Africa has won the 2018 Best Airline in Africa Award for the 7th year in a row from African Airlines Association (AFRAA). The award was give in recognition of its…

It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of…

The Economic and Financial Crimes Commission (EFCC) has seized about N1, 260, 000, 000 from Heritage Bank and Secure Electronic Technologies Limited. Other forms of cash finally forfeited to the government are…

An investigation by PREMIUM TIMES has established reasons why the United Kingdom’s Serious Fraud Office (SFO) did not prosecute oil and gas firm, Oriental Energy, after it was named in a UK criminal conviction. …

•NCC says device type matter in service offering• 9Mobile explains challenges, wants CNI bill passedTelecommunications subscribers are unhappy with the mobile network operators over slow Internet connections, especially the fourth…

…Reiterates commitment to developing capital market…As 384 out of 449 CMOs complied with recapitalisation…Market indicators extend losing streak by 1.33% The Security and Exchange Commission (SEC) has said a total of 2.55 million…

• Nigeria, Saudi Arabia to partner on refineries • OPEC considers output cut to stabilise prices The presidency said Wednesday that the federal government is investigating multinational giants, including Mobil Oil Producing…

The House of Representatives is calling for the revocation of  Malabu Oil Block ( Oil Prospecting Licence  245) because Nigeria stands to lose $10b in the controversial deep water oil block. The outcome of various…

Domestic carrier, Air Peace on Tuesday received the last of the six 50-seater Embraer 145 jets it recently acquired, assuring that its vision of providing seamless flight services on the domestic, regional and international…

Senators were, yesterday, divided over the alleged non-remittance of N177 billion operational surplus made by Nigerian Ports Authority, NPA, into the consolidated federation account.The disagreement came up when a member of the…