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Nigeria Business News

Naira falls again, N230 against $1

Barely 10 days after the CBN stopped forex sale to importers of rice, textile and 39 other items, the naira…

CBN alters forex peg as naira hits 228

The Central Bank of Nigeria on Tuesday lowered the naira peg to 196.95 against the dollar from 196.90 it set…

Odunlade Adekola, popular yoruba actor signs huge endorsement deal with GLO

Popular Yoruba actor, Odunlade Adekola, has landed a huge endorsement deal with telecommunications company, Globacom as a brand ambassador. Just…

Explosions hit Agip oil facilities in Rivers State

Explosions have hit the premises of Italian oil company, Nigerian Agip Oil Company (NAOC), located in Ebeocha town near Omoku,…

North ready to take over NNPC

Barely 48 hours after President Muhammadu Buhari dissolved the board of Nigerian National Petroleum Corporation (NNPC), intense lobby has begun…

Asari Dokunbo begs Buhari to pay Ex-militants Pipeline Surveillance

Former Niger Delta militant leader, Mujahid Asari-Dokubo, has called on the government of President Muhammadu Buhari to pay contractors of…

NNPC: Nigeria’s refineries to resume production next month

Lagos (AFP) – Nigeria’s four refineries will resume production next month, a spokesman for the state-run oil group said Thursday,…

Aliko Dangote to buy Arsenal soon

Nigerian billionaire Aliko Dangote insists that soon he will have ‘enough time and enough resources’ to buy Arsenal football club,…

Naira gains as CBN adjust naira-dollar exchange rate again

The nation’s currency, the naira, on Tuesday, strengthened against the US dollar by N0.96k or 0.48 percent at the inter-bank…

DPR shuts 30 filling stations, suspends 7 others in Akwa Ibom

The Department of Petroleum Resources in Eket, Akwa Ibom, said it had sealed off 30 and suspended seven filling stations…

FG probes NNPC over crude oil swap contract

The Federal Gov­ernment has launched an in­vestigation to determine whether the country has been short-changed through fraud­ulent practices of Nige­rian…

Fresh crisis in the oil industry, PENGASSAN warns

The nation’s oil sector will be subjected to a higher level of instability owing to the continued delay in the…
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