Nigeria lost an estimated $50 billion worth of investments in 10 years, created by the uncertainty of non-passage of the Petroleum Industry Bill (PIB).
The lack of progress and stagnation in the petroleum industry also contributed to the losses.
President Muhammadu Buhari,...
Oil exploration is set to begin again in Ogoniland.
The Nigerian Petroleum Development Company (NPDC) Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has revealed.
Managing Director of the company, Mr. Ali Zara, said this during an event organised...
As part of measures to improve network, meter customers and automate its operations in the next five years, the management of Ibadan Electricity Distribution Company (IBEDC) has set out to invest N91 billion in the plans.
Of the amount, the...
The passage of the Petroleum Industry Bill (PIB), as well as Nigeria’s gas initiatives, will help transform Nigeria into a gas-based industrialized nation.
This will also create a better-managed petroleum industry with more value addition for both investors and Nigerians...
The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) in Ologbo, Ikpoba - Okha Local Government Area of Edo State is set to commence operations.
Governor Godwin Obaseki recently gave the assurance shortly after he...
When the now-viral video of some staff members of Heritage Bank protesting at the house of a supposed debtor first surfaced online recently, many took it with a pinch of salt. This was in spite of the narration that...
Chief Executives of Nigerian banks have pledged to support the anti-corruption policies of the government.
The CEOs spoke during an interactive session with the Economic and Financial Crimes Commission (EFCC) chairman, Abdulrasheed Bawa, at the Conference Hall of the Lagos...
Nigeria’s anti graft agency, the Economic and Financial Crimes Commission (EFCC), has sought greater collaboration with financial institutions in the country as a way of tackling fraudulent election financing, foreign exchange malpractices, and money laundering.
Speaking during an interactive session...
Seventeen Indian banks have received 71.82 billion rupees ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd.
According to a statement by the Enforcement Directorate, the shares were seized by the agency, which specialises in investigating...
The Managing Director of Workman Microfinance Bank in Bauchi State, Sarita Aliyu Hello, has been sentenced to five years imprisonment on a two-count charge bordering on misappropriation and forgery brought against her by the Economic and Financial Crimes Commission...
