POLARIS Bank has been bought over by the Strategic Capital Investment Limited (SCIL) from Asset Management Company of Nigeria (AMCON) and Central Bank of Nigeria (CBN). According to report, the purchase was done at the rate of 50billion from the…
Julius Berger Staff working on road The Julius Berger construction company has relieved no fewer than four hundred of its staff working on the Abuja-Kaduna-Zaria-Kano Road project due the federal governments inability to pay debt it owed the company. The…
The Naira on Monday exchanged N441.25 against the dollar at the Investors and Exporters window, making a slight appreciation. The figure represented a slight increase of 0.03 percent when compared to the N441.38 it exchanged for the dollar before the…
THE Kaduna State Commissioner for Agriculture, Malam Ibrahim Hassaini, has said that the administration of Malam Nasir El-Rufai had over the years attracted investors into the state through the agricultural sub-sector of the economy. According to the Commissioner, the agricultural…
The people of Ndegwu in Owerri West LGA of Imo State have been thrown into shock and mourning following the horrendous lightning that struck and allegedly killed two persons and injured four others on Monday evening during heavy rainfall. The…
THE Independent Petroleum Marketers Association of Nigeria has called on Nigerians to exercise patience as effort is being made to address the current fuel scarcity occasioned by the flooding which led to the destruction of some major roads in some…
NIGERIAN Exchange Group (NGX Group) Plc, has appointed Alhaji (Dr) Umaru Kwairanga as the new chairman of the board of the Group. Prior to Kwairanga’s appointment as the substantive chairman, Mr Ikpobe Apollos, a non-executive director of NGX Group was…
Indigenous oil and gas firm Eroton Exploration & Production Company Limited has confirmed an uncontrolled flow of hydrocarbons with wildfire into the environment. The company blamed vandals and bunkeres for the incident. The incident occurred in wells AKOS004L/S and AKOS014L/S…
THE Nigerian National Petroleum Company Limited (NNPCL) has acquired all 380 Oando retail outlets, aviation and gas brands nationwide from OVH Energy. Speaking at the unveiling of one of the new NNPC Ltd stations formerly Oando in Abuja on Saturday,…
THE dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the…
