$2.1bn debt, shrinking FAAC allocation threaten states’ finances
With a $2.1 billion budget support loan hanging on their necks amid declining internally generated revenue, the liquidity nightmare of staten government’s may have further
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Stakeholders Seek Enhanced Security at Airports
Aviation industry stakeholders have reacted to new security alert that warned of looming security threat at the airports. They advised the federal government to evolve
SEPLAT records $28 million profit before tax
… adopts quarterly dividend policy, pays 2.5 cents per share in Q1 Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent
As FAAN Signs Airport Management Deal with Arlington
There are indications that the Federal Airports Authority of Nigeria (FAAN) has signed a deal with Arlington Securities Nigeria Services for the provision of Common
Senate Quizzes Minister over N32.4bn COVID-19 Palliative Fund
The Senate Committee on Special Duties, yesterday asked the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouq, to explain how
Reps increase Customs’ revenue target to N1.6tr
approves FIRS budget, • grants Fed Govt permission to borrow $1.5b The House of Representatives yesterday increased the revenue target of the Nigeria Customs Service
Eni to upscale oil JV operations in Nigeria
To fund Alternative Energy Italian oil exploration firm, Eni is considering spinning off oil and gas operations in Nigeria, other West Africa and the Middle
Consortium promises better value on oil assets
The Kaztec Engineering Limited and Salvic Petroleum Resources consortium yesterday promised to make the oil mining leases (OMLs) 123, 124, 126 and 137 more valuable
CBN’s MPC members in policy dilemma over growth, inflation
The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, have indicated that the apex bank’s meeting in March was
Shell pipelines spill 4,309 barrels of crude in H2’20
Shell Petroleum Development Company of Nigeria Limited (SPDC) reported that a total of 4,309.18 barrels of crude was spilled into the Niger Delta environment from
