Tele communications giant, MTN today announced the resignation its Nigerian CEO resignation, Michael Ikpoki. The sudden resignations came at a time the company is trying to pay a $5.2 billion (R71 billion) fine imposed on the company by the Nigerian…
The Major Oil Marketers Association of Nigeria on Friday threatened to stop the importation of petroleum products over yet-to-be-paid N256 billion subsidy claim by the Federal Government. The Executive Secretary of MOMAN, Obafemi Olawore, made the disclosure at a…
Governor Adams Oshiomhole says there’s urgent need to clean-up areas polluted by oil exploration and pipeline vandalism in the Niger Delta to prevent diseases that may be induced by environmental pollution. Speaking during a courtesy visit to him by the…
Should crude oil prices remain volatile, averaging $53 in 2015, the Oil Producers Trade Section (OPTS) has estimated that Nigeria’s revenue from oil and gas sales could be cut by about $10 billion or 30 per cent. OPTS, through its…
The Chairman of Nigeria Agriculture Business Group (NABG), and its Coordinator, Sani Dangote, Comrade Peter Esele and Emmanuel Ijewere, yesterday expressed confidence in the ability of the newly elected President of African Development Bank (AfDB), and former Minister of Agriculture…
FREEPRESS — The Nigerian banking sector has for over a decade now received its fair share of legal and regulatory attention resulting from the massive failures of financial institutions that characterised the 90s. With the Central Bank of Nigeria’s recapitalisation…
*Commits to responsible TAM on refineries FREEPRESS — As part of its new business strategies to overcome extant disruptions in international crude oil market especially with regards to hydro-fracking technology and loss of patronage from the United States, Nigeria could…
FREEPRESS — Standards and Poor’s (S&P) an International rating Agency on Friday said that the Nigerian government fiscal policies in response to fall in global oil price were “proactive and ambitious”. This was disclosed in a statement Paul Nwabuikwu, spokesperson…
• FG to develop new PHC policy FREEPRESS — The Japan International Cooperation Agency (JICA) is to support the Nigerian government with a loan of N18.6 billion for vaccines to be procured through UNICEF. The loan is to be re-paid…
FREEPRESS — The Nigeria Customs Services, Ogun State Command on Thursday said it generated N1.2billion between January and February 2015. The Command Comptroller, Haruna Mamudu, disclosed this during his presentation at the kick-off of the implementation of the Route Incident…
