archiveJanuary 12, 2018

Nigerian stocks climbed to a nine-year high on Friday before edging down as some investors chose to lock in their profits. The equity market gained more than 1 percent during the day, but was down 0.33 percent at the close, below 43,000 points. Stocks have gained strongly in January, extending...

  The Nigerian National Petroleum Corporation (NNPC) said on Friday that routine gas supply for power generation was not affected by the fresh fire incident that engulfed a segment of the Escravos-Lagos Pipeline System (ELPS) on Thursday. NNPC Group Managing Director, Dr. Maikanti Baru, had directed that an alternative pipeline...

  African immigrants in the United States defended their countries on social media, highlighting their education, careers and accomplishments, after U.S. President Donald Trump questioned why the nation should want people from “shithole countries”. Trump used the phrase in reference to African countries and Haiti during an immigration briefing at...

  The price of crude oil has risen from $68 to $70 per barrel in the international market as a result of rising demand, thereby raising hope for the successful implementation of the nation's N8.6 trillion 2018 budget. The price of Bonny Light, Nigeria's premium oil grade, hit the roofs...

  The management of National Youth Service Corps (NYSC) has announced the new payment method for all prospective corps members. The Scheme introduced the use of Remita to make payment easier for corps members, via the NYSC official portal. Below are the complete procedures on how to make payment on...

Total released for 2017: N6.2tr The National Bureau of Statistics (NBS) on Thursday released the Federation Account Allocation Committee’s (FAAC) disbursement for December 2017, which showed that the three tiers of government received N609.96 billion for the month. The report stated: “The Federation Account Allocation Committee disbursed the sum of...

  For the seventh consecutive year,  forbes has picked  the President and Chief Executive of Dangote Industries Limited, Aliko Dangote, as the richest man in Africa with a net worth that Forbes pegged at $12.2 billion for 2017, representing an increase of $100 million from 2016 standing. Bill Gates maintained...