The National Assembly eventually passed the 2018 budget on Wednesday, six months after President Muhammadu Buhari submitted the estimates to both chambers of the assembly.
The Akwa Ibom State Government has announced plans to work more with Mobil Producing Nigeria in the area of oil exploration and development of various communities.
The Nigerian National Petroleum Corporation on Wednesday called for the splitting of petroleum licences into prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly.
The Managing Director, Bank of Industry, Olukayode Pitan, on Tuesday said that the lender had opened discussions with the Small and Medium Enterprise Development Agency of Nigeria and the Nigeria Export and Import Bank to de-risk its loan portfolios to small-scale businesses.
The Federal Executive Council (FEC) yesterday approved $995 million and N15.45 billion for two roads.
The President of Association of Bureaux De Change Operators of Nigeria (ABCON) Aminu Gwadabe yesterday called on the Central Bank of Nigeria (CBN) to review the exchange rate band at which Bureaux de Change (BDCs) buy dollars to align with commercial banks’ buying rate.
First City Monument Bank (FCMB) was yesterday awarded the International Organisation for Standardisation (ISO) 9001:2015 certificate for Quality Management System.
The Department of Petroleum Resources (DPR) is to engage stakeholders in the Liquefied Petroleum Gas (LPG) to fashion out new guidelines on high risk and life-threatening practices being taken for granted by operators in the industry.
Governors under the aegis of the Nigeria Governors’ Forum (NGF) last night accused the Nigeria National Petroleum Corporation (NNPC) of failing to remit royalties as stipulated by the extant laws.
Crude oil price fell Wednesday even as the data released by the United States Energy Information Administration (EIA) showed that the US crude oil stocks fell last week as refineries hiked output, while petrol stocks decreased and distillate inventories fell.
The federal government has provided more details on the N72 billion financial facility it plans to provide for the 11 electricity distribution companies (Discos) in Nigeria to upgrade and expand their networks.
Shareholders of Lafarge Plc yesterday at the annual general meeting (AGM) in Lagos approved plans by the company to issue a N100 billion bond later in 2018.
The Economic Community of West African States (ECOWAS) on Tuesday predicted a growth rate of 2.1% for Nigeria in 2018, as against 1.6% in the previous year.
Some shareholders of Oando Plc on Wednesday cautioned its management against moves to reconcile with Ansbury Investments Incorporated, owned by Mr. Gabriele Volpi.