Otedola Sells Forte Oil

Emerging reports indicate that Billionaire businessman, Femi Otedola, has confirmed the sale of Forte Oil Plc. Otedola, who was chairman of the oil firm, had announced plans to sell off his 75 percent stake in the company to “maximize the opportunities in refining”.

Defaulting Oil Blocks Gets FG Revocation

The Department of Petroleum Resources, in a public notice on Thursday, revealed that it has revoked the licenses of five oil firms as a result of legacy debts owed the federation. Vigil360 gathered that among the firm is one owned by the late Chief Moshood Abiola.

OPEC Discloses Nigeria's Earnings From Petroleum Exports

A new report by the Organization of Petroleum Exporting Countries has revealed details of Nigeria's earnings from petroleum exports in the last five years.

Airtel, GLO, 9mobile To List On NSE - NCC

Following the successful listing of  MTN on the Nigerian Stock Exchange (NSE), the Nigerian Communications Commission (NCC) has announced that telecommunications providers such as Airtel, GLO, and 9mobile would soon be listed on the Nigerian Stock Exchange (NSE). The assertion was made by Sunday Dare, Executive Commissioner, Stakeholders Management in NCC.

FG To Re-Launch National Fleet

The Federal Government announced that it would be re-launching the national fleet as it will end the capital flight as well as reduce expenses from lifting the country's crude oil export.

NLC Supports NFIU, Says New Financial Regulations Will End Mismanagement

Nigeria Labour Congress, NLC, has commended President Muhammadu Buhari over the new financial regulations on states and local government joint accounts introduced by the Nigeria Financial Intelligence Unit, NFIU.

N20bn Spent From The Ministry’s Intervention Fund – Outgoing Minister

Alhaji Abubakar Bwari, the immediate past Minister of State, Mines and Steel Development, disclosed that about N20 billion was spent from the N30 billion mining Intervention Fund given to the ministry by the Federal Executive Council (FEC) in November 2016.

Widen Your Interest Beyond Oil In Africa, Dogara Tells South Korean Govt, Others

Hon. Yakubu Dogara, Speaker of the House of Representatives, has asked the South Korean government and other developed nations to widen their interest in Nigeria and indeed Africa beyond oil exploration.

Banks To Deploy Legal Powers For Debt Recovery

Following a major decline of loan recovery in the first quarter of 2019, banks have commenced new processes to secure legal powers with a view to strengthening the loan recovery.

The Nigeria Bureau of Statistics on Friday said a total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019. The NBS made the disclosure in a report on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength data posted on its website.