The Nigerian Content Development and Monitoring Board (NCDMB) and the Indigenous Petroleum Producers Group (IPPG) have restated their commitment to ending unnecessary delays in contract cycles. In a bid to driving this, the entities signed a Service Level Agreement (SLA), which would boost local content implementation and simplify the procurementRead More

Financial experts have described Ponzi schemes as a big threat to further investment in the nation’s capital market. According to them, the instant and enticing returns from Ponzi schemes are driving investors away from the capital market because people are looking to make quick money to  boost their purchasing powerRead More

The Nigerian Stock Exchange has lifted the suspension it placed on trading in the shares of Premier Paints Plc and three other firms more than a year ago. The firms, including Ekocorp Plc, Austin Laz & Company Plc and Academy Press Plc, were suspended for failure to adhere to bestRead More

The operator of Bus Rapid Transit system in Lagos, Primero Transport Services Limited, has said its bus assembly plant being built in the state will begin operation in the second quarter of next year. The Managing Director of the firm, Mr Fola Tinubu, disclosed this in Lagos on Tuesday. HeRead More

The Federal Government on Tuesday closed its case in the suit it filed to recover a sum of $110m from Nigeria Agip Oil Company Limited. In the suit filed before the Federal High Court in Lagos, the Federal Government accused the oil giant of under-declaring the volume of crude oilRead More

Power distribution companies in the country failed to remit a total of N158.98bn to the Nigerian Bulk Electricity Trading Plc for the invoices given to them for electricity sold to them in the first five months of the year. The government-owned NBET buys electricity in bulk from generation companies throughRead More

As Nigerians prepare for the December and new year celebrations in about two months time, one dreaded monster that citizens have had to contend with during the yuletide is the challenge of fuel scarcity. In the last five years, except for 2015, the acute shortage of petrol has been a reoccurring decimal acrossRead More

Maritime activities are essential to the world’s economy, as about 90 per cent of the world’s cargo is carried by ships being the most cost-effective way of moving goods around the world. Nigeria enjoys a larger share in the movement of these cargoes, due to its location along the Gulf of Guinea, whichRead More

In a bid to driving Nigeria’s gas revolution agenda and contribute to the promotion of cleaner environment, Nipco Plc has converted a total of 5,600 vehicles in Nigeria to use Compressed Natural Gas (CNG) from petrol base. This move, the energy firm said, was one of its efforts to provideRead More