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Nigerian National Petroleum Corporation (NNPC)

NNPC denies hiding $470.5 million, N8 billion in commercial banks

The Nigerian National Petroleum Corporation says it has no hidden 470.5 million dollars and N8 billion in any commercial bank as alleged by the Nigerian police.

NSE market capitalisation hits N21 billion

Trading activities on the Nigerian Stock Exchange (NSE) on Friday sustained a positive growth for the second consecutive day as the market capitalisation appreciated by N21 billion.

RTEAN: We’ve resolved crisis, accepted Osapamwan Eriyo as national president

The Road Transport Employers Association of Nigeria said it has resolved the lingering internal crisis and has accepted Mr Osapamwan Eriyo as the National President.

Abia government to establish SME microfinance bank

Mr Gabriel Igboko, Abia Commissioner for Small and Medium Enterprises (SMEs), says the State Government has concluded plans to establish SME microfinance bank in October to assist small scale entrepreneurs in the state.

NBS: Nigeria’s foreign debt stands at $22.08 billion, local N3.48 trillion

The National Bureau of Statistics (NBS) says the country’s foreign debt stands at 22.08billion dollars.

NUPENGASSAN accuses Chevron of unilaterally sacking contract workers

The national leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Association (PENGASSAN) on Thursday accused Chevron Nigeria’s management of unilaterally sacking thousands of contract workers in defiance of established labour laws.

Exxon, Chevron, others to join rivals in climate initiatives

Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed at curbing carbon emissions in the sector, two sources familiar with the matter said on Thursday.

Plateau VIO impounds 800 tricycles

The Director, Plateau Vehicle Inspection Office (VIO), John Dayah, has said that about 800 tricycles had been impounded for non-compliance with registration.

NBS: Lagos’ total debt profile hits N1.04 trillion

Lagos’ total debt profile has risen to N1.04 trillion, report from the National Bureau of Statistics, NBS, has revealed.

NNPC records N17.16 billion trading surplus, up 46 percent

The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018.

NNPC records 48 percent reduction in pipeline vandalism

The Nigerian National Petroleum Corporation says it has recorded a 48.21 per cent reduction in the rate of pipeline vandalism in the month of April 2018.

Nigerian Stock Exchange market indicators appreciate by 0.33 percent

Trading activities on the Nigerian Stock Exchange (NSE) closed on Thursday on a positive growth, with Lafarge Wapco leading the gainers’ table for the day.

Italian court convicts two in Malabu oil scandal

A Milan judge on Thursday sentenced two men to four years in prison in the first ruling of a corruption case involving oil giants Eni and Shell in Nigeria, a judicial source said.

Official: Why Oyo government closed Olusegun Obasanjo’s farms in Ibadan

The chairman, Oyo State Board of Internal Revenue, Bicci Alli, has said the closure of Obasanjo farms in Ibadan was not politically motivated as being speculated.
Minister of State for Aviation, Hadi Sirika

Airline operators hail suspension of Nigeria Air project

The Airline Operators of Nigeria on Thursday commended the Federal Government for taking bold step to suspend the planned National Carrier Project in the interest of the nation.

Spotify to now let artists directly upload their music to the platform

Spotify has announced a new beta feature that will allow independent artists to upload their music directly to the platform instead of through a label or digital aggregator.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange in Tokyo on September 19, 2018. Tokyo's benchmark Nikkei index surged to the highest level in nearly eight months on September 19, with investor sentiment buoyed by gains on Wall Street and a cheaper yen. / AFP PHOTO / Behrouz MEHRI

Tokyo stocks close flat after PM Shinzo Abe’s win

Tokyo stocks closed flat on Thursday, with traders taking Prime Minister Shinzo Abe's widely expected victory in the party leadership election in their stride.

Trade war: Oil prices approximately $80 per barrel

Asian stocks followed global indexes higher on Thursday as investors took a less bearish view on the impact of the U.S.-China trade war on markets.

Recent Stories

Rivers overtakes Lagos as top investment destination

The investment profile report by the Nigeria Investment Promotion Commission (NIPC) shows that Rivers state received the largest investment in the first half of 2018.
flooding delta

Flood: 70 die, 151 injured, 3,544 houses destroyed – NEMA

The federal government on Friday lamented that at least 70 deaths and 151 injuries have been recorded while 3,544 houses and 60,208 hectares of agricultural land have been damaged in the flood disaster that has hit 12 states arising from high water levels.

Aminu Tambuwal: I will back agitations for restructuring if elected president

A Peoples Democratic Party (PDP) Presidential aspirant and Governor of Sokoto State, Hon. Aminu Tambuwal, has assured that he would back the much sought for restructuring by a segment of Nigeria if elected the President of the country in 2019.

Adebayo Shittu: I’m not worried I don’t have NYSC certificate

The Minister of Communications, Adebayo Shittu, on Friday, insisted that he has not violated any law by evading the mandatory national service for fresh Nigerian graduates.

Peter Nwaoboshi: There is no order for my arrest

The Senator representing Delta North in the National Assembly, Peter Nwaoboshi, has denied media reports that an Abuja court has ordered for his arrest as part of investigations by the Special Presidential Investigation Panel for the Recovery of Public Property.