Buhari: Nigeria lost $50bn to non-passage of PIB
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...
NDPC to resume oil exploration in Ogoniland – MD
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),...
Ibadan Disco budgets N91bn for network, meters, others
As part of measures to improve network, meter customers and automate its operations in the next five years, the management of Ibadan Electricity Distribution...
PIA, gas initiatives’ll transform Nigeria’s energy sector – Osinbajo
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...
Edo Modular Refinery set to begin operations – Obaseki
The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) in Ologbo, Ikpoba - Okha Local Government Area of Edo...
Heritage Bank’s unorthodox debt recovery
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...
Bank chiefs back anti-graft policy, call for regular engagement
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...
EFCC to bank chiefs: Steer clear of election financing
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...
How Indian banks recover $1bn from defaulting billionaire
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...
Bank MD bags 5-year jail term for N4.7m scam
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...
