Business News

Oil and gas firms operating in the country flared 265.18 billion standard cubic feet, bcf, of gas between January and September 2020. This, however, represented a decline of 23.6 per cent compared to 347.15 bc of gas flared in the…

The Department of Petroleum Resources (DPR) as restated the banned cylinder-to-cylinder gas refilling and decanting as part of efforts to prevent fire disaster as well as protect lives and properties of people. It warned during a one-day…

The Federal Government has approved a N4 billion bailout fund for domestic airlines to mitigate the adverse effects of COVID-19 pandemic on them, according to Minister of Aviation, Hadi Sirika. But the chairman Senate Committee on…

The Federal Government has said that it would spend between N269.38billion and N497.13billion on the provision of six million free meters to various unmetered power users across the country. According to the quarterly reports of the…

The Federal Government has blamed the inability of some Ministries, Departments and Agencies (MDAs) to pay staff salaries to the fact that the 2020 Budget was passed into law before the conclusion of negotiation on the new minimum wage and…

The Central Bank of Nigeria (CBN) has said it would  introduce guidelines to assess the level of exposure of banks with international authourisation that are engaging in cross broader expansion. This, it said,  would enable it to monitor…

Nigeria’s external reserves dropped by $50.84 million from $35.75billion as of October 2 to $35.69 billion as of October 12, according to the data obtained from the Central Bank of Nigeria (CBN). The CBN disclosed that the reserves,…

The Nigerian Communications Commission (NCC) has remitted N344.71 billion to the Consolidated Revenue Fund (CRF) in the last five years. Executive Vice Chairman (EVC) of the commission, Prof. Umar Garba Danbatta, said this while briefing…

Pascal Oparada Some have called him Sherlock Holmes, a fictional private detective created by British author, Sir Arthur Conan Doyle, while others call him a CIA agent for discovering a hidden camera almost one week after at the scene of…

Siemens Energy and its partners, between October 19-October 21, 2020, held a major Middle East and Africa-focused virtual conference. The conference was tagged ‘Shaping the Energy of Tomorrow’. The motive of the conference was to…