Nigerian Stocks Lose N300 billion Today, ASI Index Down 3.6%
Nigerian Stock Exchange All Share Index (ASI) dipped by 3.6% on today’s trading to close at 25,103.05, which translates to a loss of about N300 billion. Here is a snapshot…
Federal Government Will Not Cut Down Oil Production – Kachikwu
Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, said on Wednesday that Nigeria will not cut oil production even as nosediving crude prices caused by a global supply glut…
President Buhari Appoints Shettima Bukar-Abba As Acting Chairman of Federal Character Commission
President Muhammadu Buhari has approved the appointment of Dr Shettima Bukar-Abba as the Acting Executive Chairman of the Federal Character Commission (FCC). Mr Chucks Okoli, the Deputy Director, Planning and…
FG Prepares To Restructure NDDC, As It Rates Agency Score Card Low
Following the sack of the last board members of the Niger Delta Development Commission, NDDC, the Federal Government is planning to restructure the commission into a holistic development agency to…
World Business Today
1.BP says to axe 4,000 jobs globally on oil price slide:British energy major BP said Tuesday that it will axe more than 4,000 jobs worldwide over the next two years…
EFCC Secures Order To Summon Tompolo, Akpobolokemi, Others To Court Over N34 Billion Fraud
A Federal High Court in Lagos presided by Justice Ibrahim Buba has granted an order sought by the Economic and Financial Crimes Commission, EFCC, to summon ex-Niger Delta militant, Government…
FG Says Gas To Power Projects Will Be Completed In Q2
The Federal Government, has announced that gas projects saddled with the responsibility of improving power supply in the country are scheduled for completion in the second quarter of this year,…
These Are The Reasons Why We Are Visiting China – Minister
Minister of Science and Technology, Dr. Ogbonnaya Onu will be leading senior Nigerian officials to China, where they are expected to hold talks with his Chinese counterpart and the organized…
FEC Permits Lagos State For $100 million World Bank Loan
The Federal Executive Council, today approved an additional $200m loan from the International Development Association, an arm of the World Bank, in support of Lagos State Development Policy Operation. This…
[BOOM] Dollar Hits N301, Analysts Suggest Things Could Get Worse Before It Gets Better
Nigeria’s currency woes took a turn for the worse after the exchange rate between the dollar and the naira crossed the N300 mark to close at N301 in a cross…