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There are indications that Unity Bank Plc may be close to signing a deal to finally have a foreign investor ownership, nearly one year after a failed attempt in that direction. Read more

Transactions on the floor of the Nigerian Stock Exchange rebounded yesterday, occasioned by price gains on highly capitalised stocks, as the All-share index appreciated marginally by 0.3 per cent. Read more

The Nigerian National Petroleum Corporation (NNPC) has stated that it could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP recently. Read more

The Central Bank of Nigeria (CBN) received a total of 1,439 and 2,451 complaints against banks and other financial institutions in the first half of the year. The data is contained in the half-year economic report for 2018 released by the regulator . Read more

The Nigerian equities market commenced the trading week, yesterday, on a negative note as the Nigerian Stock Exchange All-share Index (NSE-ASI) posted a loss of 0.24 per cent. Read more

The Federal Government has spent spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. Read more

The role trust plays in the drive for an inclusive financial services ecosystem can’t be overemphasised. The recent developments in the banking sector have elevated the need to revisit the topic, this time drawing our insights from the body of evidence available. Read more  

The Nigerian National Petroleum Corporation on Sunday said it recorded a total of 1,858 cases of pipeline vandalism between July 2017 and July 2018. Read more

Power Generation Companies (GenCos) have not received payment for electricity generated since June from the Nigerian Bulk Electricity Trading PLC (NBET). Read more

Recent report that the Nigerian National Petroleum Corporation (NNPC), its subsidiary, the Nigerian Petroleum Development Company (NPDC) and some companies in the oil and gas sector are yet to remit $22.06 billion and N481.75 billion into the Federation Account should be thoroughly investigated. Read more

The Nigerian National Petroleum Corporation on Thursday announced that it had signed a six-month Direct Sale-Direct Purchase agreement with the British Petroleum’s trading arm, BP Oil International Limited, for the supply of Premium Motor Spirit, popularly known as petrol. Read more

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November. Read more

Report from the Central Bank of Nigeria, CBN, has revealed that two global giant banks, HSBC and UBS have closed their respective offices and shut down operations in Nigeria. Read more

Global banking giants, HSBC Bank and UBS Group, have closed their offices in Nigeria, the Central Bank of Nigeria (CBN) said yesterday, while also noting that foreign investment had fallen sharply from a year ago. Read more

Brazil’s Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, the latest step in the state-controlled oil company’s debt reduction drive, according to a securities filing on Wednesday. Read more

  The House of Representatives Committee on Petroleum (Downstream) yesterday summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, over alleged missing N91trillion oil revenue. Read more  

Google is struggling to contain a growing internal backlash over its handling of sexual harassment and its workplace culture. Read more

  In line with global best practices and to check dwindling revenues, the Federal Government has approved a new Treasury Single Account [TSA] tariff model which mandates that service charge on payment to its ministries, departments and agencies [MDAs] from November 1, 2018 would be borne by the payer. Read more

    THE $12 billion Dangote refinery will transform and diversify Nigeria’s economy when completed in 2019.Read more

Power generation in the country plunged to 2,390.20 megawatts on Monday as the number of idle power plants rose from seven to 15, according to the latest data from the Federal Ministry of Power, Works and Housing. Read more