Editor, Author at The Business Intelligence

N9.8bn debt: AMCON executes Court’s judgment, takes over Mechanic Village, lands at Lekki

Our Reporter July 11, 2020

by Our Reporter July 11, 202000

The Asset Management Corporation of Nigeria (AMCON) has moved against debtors owing the Federal Government N9.8billion by seizing their properties and lands at Lekki, Lagos.

Gas Oil

Marginal Oil Field license: Court set aside restraining order against FG

Our Reporter July 11, 2020

by Our Reporter July 11, 202001

Justice Chukwujekwu Aneke of the Federal High Court, Lagos, yesterday set-aside its earlier order restraining the Federal Government (FG) from withdrawing licenses of 10 Marginal

Politics News

NDDC: Akpabio urges NASS to check abuses in budget processing

Aliyu DANLADIJuly 11, 2020

by Aliyu DANLADIJuly 11, 202001

The Minister of Niger Delta Affairs, Sen.Godswill Akpabio,on Friday urged the National Assembly to check abuses in budgeting procedures of the Niger Delta Development Commission(NDDC).

Gas Oil

Kyari tasks new PPMC board on energy sufficiency

Abisola THOMPSONJuly 11, 2020

by Abisola THOMPSONJuly 11, 202001

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has charged the newly reconstituted Board of the Petroleum Products Marketing Company

Travel

COVID-19: FG evacuates 270 Nigerians from Egypt

Our Reporter July 11, 2020

by Our Reporter July 11, 202001

Minister of Foreign Affairs, Geoffrey Onyeama, says 270 Nigerians are expected to arrive at the Nnamdi Azikiwe International Airport, Abuja the nation’s capital following a

Electricity

DisCo charges three to court over electricity fraud, wrong installations

Our Reporter July 11, 2020

by Our Reporter July 11, 202001

Three persons have been arraigned before at Ojo Magistrate Court in Lagos on a four-count charge of conspiracy to commit fraud, impersonation, forgery and tampering

Electricity

Criticisms persist over plan to hike electricity tariff

Our Reporter July 11, 2020

by Our Reporter July 11, 202001

…Experts Back Sale Of Power To Neighbouring Countries The shelved increase in electricity tariff in the country has continued to generate more reactions, as stakeholders,

Capital Market

Stock market gains N15bn on MTN price rally

Meletus EZE July 11, 2020

by Meletus EZE July 11, 202001

The key market indices of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.12 per cent following price appreciation achieved by MTN Nigeria Communications.

Politics News

Magu, Who Denied Scores Their Freedom, Seeks Bail

Our Reporter July 11, 2020

by Our Reporter July 11, 202001

FG confirms suspension, Mohammed Umar appointed acting chairman IG substitutes all policemen serving with EFCC The former Acting Chairman of the Economic and Financial Crimes

Featured Shipping Transport

NPA expects 17 ships with petroleum products, others at Lagos port

Abisola THOMPSON July 10, 2020July 10, 2020

by Abisola THOMPSON July 10, 2020July 10, 2020012

The Nigeria Ports Authority (NPA) said 17 ships laden with petroleum products, food items and other goods are expected to berth in Lagos ports from

April 2019 Edition