By Yemie ADEOYE LAGOS-THE Board of Directors of Oando Plc has received approval from shareholders for a N80bn Rights Issue. The shareholders also approved the partial...
By Yemie ADEOYE HOUSTON TX-GUGGENHEIM analysts led by Michael LaMotte upgraded the entire oilfield services sector from “Neutral” to “Buy” based on their belief oil prices...
By Yemie ADEOYE HOUSTON TX-LOAN defaults in the energy sector continue to increase, with the latest company to file, Miller Energy Resources, the fifth energy loan...
…insist Lamido Sanusi was sacked to pave way for fraud By Joseph BAMIDELE FOLLOWING the monumental scandal currently making headlines in the country involving the immediate...
Oyetunji ABIOYE LAGOS-THE naira fell against the United States dollar from 243 to 247 at the parallel market on Thursday, a day after the Central Bank...
LAGOS-THE Economic and Financial Crimes Commission on Thursday arraigned a former director-general of the Nigerian Maritime Administration and Safety Agency, NIMASA, Patrick Akpobolokemi, and seven other...
ABUJA-THE Federal Government of Nigeria have concluded plans to set up a $25bn (N4.98tn) fund dedicated to infrastructure investments, the Minister of Finance, Mrs. Kemi Adeosun,...
LAGOS-A total of 32 petroleum product storage tanks worth several billions of naira have been put up for sale by the Asset Management Corporation of Nigeria,...
Joseph BAMIDELE ABUJA-NIGERIA’s President Muhammadu Buhari has fired Mr. Ibrahim Larmorde and approved the appointment of Mr. Ibrahim Mustafa Magu as the Acting Chairman of the...
By Yemie ADEOYE ABUJA-THE Federal Government of Nigeriais currently working on the 2016 budget that will be between N7tn and N8tn (about $40.8 billion). The figures...
