An excess of light sweet crude continued to threaten Nigerian crude prices, though the reliability of…
Category: News
Nigeria’s investor and black market FX rates near convergence
The rates at which Nigeria’s naira currency was traded in the investor foreign exchange window and…
EU will restrict visas for states not taking back migrants
The European Union states decided on Friday to restrict visas for foreign countries that refuse to…
VTP5/OTP2 Trainees’ Strike: NAIG directs Itsekiris in Chevron to down-tool June 28
The ongoing strike action by VTP5/OTP2 Operator/Maintenance Trainees in Chevron appears to be getting messier as…
Ex-NNPC workers protest at rights commission over N4bn pay
About 29 disengaged casual workers of the of the Nigerian National Petroleum Corporation (NNPC) on Thursday…
Court convicts two Brazilians for importing cocaine
A Federal High Court, Lagos, yesterday convicted two Brazilians, Lima Pereira Diego and Santos Marcia Cristina,…
OPEC breaks own record as compliance to oil deal hits 106%
The Organisation of Petroleum Exporting Countries (OPEC) has beat its own oil cut compliance record, which…
Nigeria still importing tobacco leaves from about 12 countries – Group
A group, the Nigerian Tobacco Control Alliance (NTCA) yesterday faulted claims that the tobacco industry in…
CBN spent N192bn in 5 years on currency maintenance
Assistant Director Currency Operations of the Central Bank of Nigeria (CBN) Benedict Maduagwu, has said “between…
‘Niger Delta peace critical to delivering budget 2017’
The sustenance of the relative peace in the oil-rich Niger Delta is critical to the achievement…
NSCDC destroys 3 illegal refineries in Edo
The Nigeria Security and Civil Defence Corps (NSCDC), Edo Command on Friday destroyed three illegal refineries…