IPMAN Urged FG To Increase local Refining Capacity-
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says Nigeria needs to increase its local refining capacity to mitigate the impact of the crash in global crude oil price on…
NSE, Market Capitalisation Loses N308bn On Fear Of Coronavirus
Due to the reported outbreak of first COVID-19 case in the country, on Friday recoded a low trading as the market capitalisation lost N308 billion, representing a loss of 2.21…
FG To Inaugurate Committee For New Economic Plan
The Minister of State for Budget and National Planning, Clem Agba has said that the Federal Government will inaugurate a committee for the new economic plan next month. Agba stated…
US Firms In China Report Staff Shortages, Say Coronavirus Hitting Global Operations
A poll by Shanghai’s American Chamber of Commerce (AmCham) has revealed that nearly half of the U.S. companies in China are already seeing an impact from business shutdowns due to…
Your Investments Are Safe In Nigeria – Presidency
By Olamilekan Alani President Muhammadu Buhari has reassured international investors that their investments in Nigeria are safe. Buhari gave the assurance at the ongoing Nigeria International Petroleum Summit (NIPS) in…
Over 100 Tonnes Of Bad Naira Notes Destroyed Weekly – CBN
Over 100 tonnes of bad Naira notes are generated as wastes and destroyed weekly, the Central Bank of Nigeria has said. The apex bank said the Naira notes are destroyed…
FG To Begin Mechanised Farming In 632 LGAs
The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has stated that the ministry would begin agricultural mechanisation programme in 632 Local Government Areas in the country. The policy,…
Commercial Banks Own CBN N950b -Report
Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months, the apex bank’s quarterly economic report has shown. The report…
Union Bank Sells UK Subsidiary
Union Bank of Nigeria (UBN) Plc has entered a share sale and purchase agreement to divest its 100 per cent equity stake in its United Kingdom (UK) subsidiary, Union Bank…
Lagos Airport Recorded 96,621 Aircraft Movements In 2019
The Murtala Muhammed International Airport Lagos recorded 96,621 aircraft movements last year, figures obtained from the Federal Airports Authority of Nigeria have shown. It also handled 187.49 million cargo and…
