Business & Finance

Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries. Mr. Emmanuel Iheanacho, the Chairman of the Company,…
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The majority shareholder of Forte Oil Plc, Femi Otedola, is planning to buy out the company’s upstream services and power distribution firm to be ratified by the shareholders on February 7. Akinleye Olagbende, the firm’s Company…
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The Nigerian National Petroleum Corporation (NNPC) on Tuesday said that Nigeria earned $640.35million from the export of crude oil and gas for the month of October, 2018. NNPC Monthly Financial and Operations Report for October 2018…
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Alhaji Abubakar Bwari, the Minister of State,  Mines and Steel Development, said that 11 companies indicated interest to operate the Ajaokuta Steel Company. Bwari announced this while giving a three-year account of stewardship…
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The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, will next week unfold the Bank’s plans for 2019 year, during the first Monetary Policy Committee (MPC) meeting scheduled for January 21 to 22. The Director, Corporate…
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The Dollar tumbled against a basket of major currencies last week Wednesday, after minutes from the meeting of the United States Federal Open Market Committee (FOMC) revealed policymakers had adopted a more cautious approach towards…
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The Dangote Oil Refining Company (DORC) Ltd. has taken delivery of one of the major components of its refinery equipment, the Regenerator for the Residual Fluid Catalytic Cracker (RFCC). Mr. Rama Putta, the Head of Quality…
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With share price which rose by 9.95 per cent to close at N34.35 per share on Thursday against N31.25 on December 24, 2018, Forte Oil’s shares remained strong despite the announcement by its major shareholder, Mr. Femi Otedola, to divest 75…
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The management of MRS Oil Nigeria Plc on Thursday announced the appointment of Priscilla Thorpe-Apezteguia as Director and Managing Director (Acting) of the Company. A disclosure notice sent to the Nigerian Stock Exchange (NSE), signed…
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The Central Bank of Nigeria (CBN) yesterday released its Treasury Bills Issuance Programme for the first quarter of 2019. In all, the central bank will sell treasury bills worth N907.880 billion this quarter. A breakdown of the debt…
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