President Muhammadu Buhari on Thursday, commissioned two newly-established agro-based industries in Kano, as he concluded a two-day official visit to the State which commenced on Wednesday.

According to a statement issued by his Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari while commissioning the plants, said that current changes to trade and investment policies by the government since May 2015 would help the nation to diversify its economy, attract more foreign investments and speed up industrialisation.

The Federal Government has finally decided to sell the Nigerian Postal Service (NIPOST). The Minister of Communication Adebayo Shittu disclosed this while inaugurating the committee saddled with commercialisation of NIPOST in Abuja on Thursday.

The Federal, States and Local Government in October shared N532.7 billion which shows a decline of N25.3 billion when compared to what they shared in September. The Permanent Secretary of the Ministry, Mahmoud Isa-Dutse, said this on Thursday in Abuja while briefing journalists on the outcome of the monthly Federal Account Allocation Committee, FAAC. Mr. Isa-Dutse attributed the decline to the decrease in revenue from export sales of $42.94 million due to a decrease in crude oil production by 1.25 million barrels.

Petrolex Oil and Gas Limited says it has perfected plans to set up a $3.6 billion oil refinery with the capacity of refining 250, 000 barrel per day in Ogun state to curtail the continued importation of refined oil. The Chief Executive Officer of the company, Segun Adebutu stated this on Wednesday in an interview with Bloomberg in Lagos. He disclosed that the company was working on the 'front-end engineering design' and would complete the construction work in 2021.

Aliko Dangote, Africa’s richest man, was on Wednesday featured on NASDAQ tower in Times Square, New York as one of the 50 most influential people. As the only African on the Bloomberg 50 list of this year’s most influential people, a photo of Dangote was displayed on the Nasdaq Tower in Times Square, New York after he was selected to make the list.

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has blamed the current scarcity of Premium Motor Spirit (PMS) on activities of cabal in the oil sector contrary to widespread claim that tanker drivers were not strike. NUPENG made this known on Wednesday in a statement released to newsmen.

Bitcoin has climbed above $15,000, continuing its meteoric rise and breaking through its latest key price level.

China’s Sinopec Group has hired BNP Paribas to sell its oil business in Nigeria and Gabon, according to reliable sources.

Sinopec and other oil groups including China National Petroleum Corporation and CNOOC made large acquisitions between 2009 and 2013 with the help of low-cost loans from Chinese state-owned banks.

The hunt for overseas assets was intended to bulk up their energy reserves and meet future demand from China, the world’s second-largest economy.

Bitcoin extended its eye-popping rally breaking above 12,000 dollars to a record high despite questions about the cryptocurrency’s real value and worries about a dangerous bubble. Bitcoin received a boost after Friday’s announcement by the main U.S. derivatives regulator that it would allow CME Group Incorporation and CBOE Global Markets to list bitcoin futures contracts.

Nigeria's External Reserves have risen to $38.2bn, representing the highest in the last 39 months. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele made this known on Tuesday in Agabara, Ogun state while commissioning the 10, 000 metric tonnes Blue Band factory constructed by Unilever Plc.