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Monday, August 21, 2017
Business

Business

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The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday. The local unit had closed at 367/dollar on Friday. The development followed lack of dollar sale by the Central Bank...
The Federal Government has approved N39 billion loan to Electricity Distribution Companies for the supply of meters, Minister of Power, Works and Housing, Babatunde Fashola, has disclosed. The minister made the disclosure on Monday in Kano at the 18th Monthly...
The Nigerian Communications Commission (NCC) has stopped Globacom Nigeria’s plans to offer free data to all its subscribers on Friday, August 11, 2017. This was contained in a letter signed by Sunday Dare, NCC Commissioner for Stakeholder Management, for Umar...
Mobil Oil Nigeria Plc has changed its name to 11 Plc, an official has said. A notice dated August 8, posted to the Nigerian Stock Exchange, NSE, and signed by Godstime Iwenekhai, Acting Head, Listings Regulation Department, said the company...
Former president, Goodluck Jonathan has reacted to the report that he was among the past Nigerian leaders who wasted over N11tn on electricity. The Socio-Economic Rights and Accountability Project, SERAP, had on Wednesday disclosed how over N11 trillion meant for...
The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N366 posted on Tuesday. The pound sterling and the Euro closed at N477 and N428 to the naira, respectively. At the...
A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how over N11 trillion meant to provide regular electricity supply was allegedly squandered under the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar'Adua and Goodluck Jonathan. According to...
Addax Petroleum Company on Tuesday confirmed the proposed closure of its corporate offices in Geneva, Aberdeen and Houston in the United States of America. Douglas Chene-Bougeries, the Public Relations Officer, Geneva, Switzerland branch of the company, made this known in...
The Economic and Financial Crimes Commission, EFCC, said it had recovered over N328.9bn out of N349.8bn debts from nine major petroleum marketers within the last one year. The EFCC Head of Operations, North West Zone, Kano, Mr Adamu Hamisu-Danmusa, made...
The Federal Government has filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the remittance of the sum of $793.2 million allegedly hidden with them in contravention of the Treasury Single Account policy. The...
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