Business

The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation with the index dropping to 11.25 per cent (year-on-year) in March 2019. The bureau in the report said the 11.25 per cent year-on-year inflation rate is 0.06 per cent points lower than the 11.31 per cent recorded in February 2019. […]

The Nigerian National Petroleum Corporation says it has reduced cash call arrears owed to international oil companies, its Joint Venture partners, by $1.5bn. The corporation has cash call arrears of $5.1bn. Group Manging Director of NNPC, Dr Maikanti Baru, said this at the 12th National Conference of the Nigerian Association for Energy Economics/International Association for […]

The Nigerian Stock Exchange (NSE) has launched a comprehensive review of its rules to block loopholes being exploited for surreptitious trading in shares by directors and other insiders of quoted companies. The review, which aims at tightening disclosure requirements for price-sensitive information and insiders’ dealings, includes a specific direction on disclosure of directors’ dealing in […]

The Federal High Court in Abuja has, in an April 1, 2019 ruling, set aside the sale of a major telecommunication firm, Etisalat International Nigeria Limited, now 9Mobile, to Teleology Nigeria Limited. An enrolled order made by Justice Binta Nyako was sighted on Thursday. The judge held that the steps taken in relation to the […]

Nigeria, Africa’s top oil producer, pumped more crude oil in February than the quota given by the Organisation of Petroleum Exporting Countries, a new survey has shown. OPEC and 10 non-OPEC countries agreed in December to cut oil production by 1.2 million barrels per day effective from January for an initial period of six months […]


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