Latest Nigeria Business News
The Executive Chamber of the Oyo State Governor’s Office is agog with finishing touches as Governor Seyi Makinde is set to swear in 15 new Permanent Secretaries. The names of the new PS which surfaced early this morning was said to be a surprise to the state workforce, especially the affected workers. It would be […]
Three suspected members of a secret cult, the Klensman confraternity, were on Thursday brought before an Ikeja Magistrates’ Court in Lagos. Rasheed Jamiu, 29; Nsikan Ekong, 25, and Olaitan Ismail, 25, were arraigned by the police on a two-count charge of conspiracy and membership of an unlawful society. Prosecuting Sergeant Ishola Samuel alleged that the […]
Through an evaluation by PricewaterhouseCoppers (PwC), CypherCrescent, Shell and Chevron emerged 2019 winners at the Society of Petroleum Engineers, Nigeria Council award night to mark the end of its 2019 Annual International Conference and Exhibitions at Eko Hotels and Suites, Lagos. While Shell was adjudged the best overall exhibitor, CypherCrescent bagged double awards as the […]
The Nigerian National Petroleum Corporation and the National Oil Spill Detection and Response Agency have expressed their willingness to work closer to mitigate the incidence of oil spill across the country. The Group Managing Director, NNPC, Mr Mele Kyari, disclosed this when he received the Director-General of NOSDRA, Mr Idris Musa, along with his management […]
First Bank Nigeria says it will continue to introduce initiatives to ensure efficient and seamless customer banking service. The bank said this when it organised its inaugural vendor engagement session aimed at enhancing its relationship with strategic service suppliers, with the theme, “Building resilience in our vendors businesses,” in Lagos. It expressed its commitment towards […]
The Debt Management Office has said the Federal Government will auction N145bn worth of bonds by subscription on August 21. A circular by the DMO on Wednesday showed the breakdown of the figure to include a N40bn five-year reopening bond that would mature in April 2023 and be offered at 12.75 per cent; N50bn 10-year […]
The Securities and Exchange Commission says it is taking steps to reduce transaction costs in a bid to ensure that investors do not bear unnecessary costs. The acting Director-General, SEC, Ms Mary Uduk, while speaking during a meeting with the Association of Corporate Trustees in Abuja on Wednesday, urged investors to participate in the market […]
Nigeria will not alter the production adjustments agreed upon between Organisation of Petroleum Exporting Countries and Non-OPEC countries despite recent volatility in global oil prices, the Nigerian National Petroleum Corporation has said. Members of OPEC and non-OPEC countries had during the last ministerial meeting of what is known as OPEC Plus held on July 2 […]
The Nigerian Air Force has signed a Memorandum of Understanding with an indigenous oil service company, Mudiame International Limited, to manufacture equipment locally and assist other African countries in the areas of oil and gas projects. Parties in the agreement stated that the MoU would help reduce capital flight by cutting down on funds used […]
Stakeholders in the nation’s oil and gas industry are increasingly worried over the lack of licensing rounds in 12 years, ’FEMI ASU writes Against the backdrop of the global shift away from fossil fuels, industry stakeholders are irked about the large number of idle oil blocks in Nigeria as no licensing rounds have been conducted since 2007. […]