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Oil exports to drop as Shell declares force majeure on Nigerian Forcados crude

Shell Petroleum Development Company of Nigeria (SPDC) says it has declared force majeure on exports of Nigerian Forcados crude oil after a malfunctioning barge...

Naira gains, exchanges for N565/$1 at parallel market

The Nigerian naira gained marginally against the US dollar at the parallel market to trade at N565 per dollar.This figure is N5 or 0.9...

NCAA Shuts Down Glo Abuja Base Station Over N4.5bn Debt

The Nigerian Civil Aviation Authority (NCAA) has shut down Globacom (Glo) facility in Wuse 2 Abuja over a N4.7bn debt.The exercise was led by...

We are not recruiting or organizing a contest – NNPC

The Nigerian National Petroleum Company Limited (NNPC) has debunked claims of organising an anniversary contest and recruitment. NNPC spokesperson, Garba Deen Muhammad stated that...

FG Reinstates Emirates’ 21 Weekly Flights

The Federal Government has finally reinstated Emirates Airline’s 21 frequencies to Nigeria.This was contained in a letter signed by the Director-General of the Nigeria...

IMF Approves Final Round Of Debt Relief For Poor Countries

The IMF said Monday it had approved the fifth and final round of debt relief under a program meant to help the world’s poorest...

Niger, Togo, Benin failed to pay FG N770m electricity bill in Q2 2021 – NERC

The Nigerian Electricity Regulatory Commission (NERC) says the Republic of Benin, Niger Republic, Togo made no payment for the electricity supplied to them from...

BREAKING: Oil prices fall 4% amid surge in Omicron variant

Crude oil prices fell by 4 percent on Monday over rising cases of the Omicron coronavirus variant in Europe and the United States.Brent crude...

Abuja-Kaduna rail service generates N300m monthly – Amaechi

The Minister of Transportation, Rotimi Amaechi, has said that the Abuja-Kaduna train service generates at least three hundred million naira (N300,000,000) for the country...

Fresh $5.8bn Loan: SERAP Writes Buhari, Seeks ‘Moratorium’ On Borrowing

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “issue an immediate moratorium on borrowing by the Federal Government and the...

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