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 By our Correspondent Shell said on Monday that oil output was continuing at its oil fields in the country despite reports of a militant attack near its Bonga facilities. According to Reuters report monitored by Business247, media reports said the company was evacuating workers because of threats from militants. But...

Chief Femi Fani-Kayode, has gone to the Economic and Financial Crimes Commission, (EFCC) office in Abuja to explained how he got  N840 million he  allegedly  received a few days to the presidential election in 2015. He was spotted by our Correspondent at about 9.30am at the EFCC office on Monday...

As part of its drive to partner with stakeholders in the growth of the nation’s economy both at the state and national levels, Sterling Bank has announced its sponsorship of the third edition of the Ogun State Investment Forum. The theme of the two day event starting on May 9,...

Shareholders of Fidelity Bank Plc have approved 16 kobo per share dividend totally N4.6 billion for its financial year ended December 31, 2015. With this, the bank has maintained a tradition of consistent dividend pay-out for the past 10 years. Speaking at the Bank’s Annual General Meeting (AGM) held in...

The Nigerian National Petroleum Corporation (NNPC) said it recorded a loss of N18.89 billion in the month of March, 2016, even as it pointed out that the loss was an improvement on a deficit of N24.23 billion recorded in February. The agency which made the disclosure in its monthly financial...

As the Monetary Policy Committee (MPC) set to meet between 23 and 24 May, 2016, it has been urged to set a policy that would stabilise and protect the country’s currency from devaluation. In a statement in Lagos at the weekend, an economist, Dr Ayo Teriba is of the view...

By our Correspondent Nine Money Deposit Banks in the country provide N191.47 billion loan impairment charges for the financial year ended December 31, 2015 The same banks loan impairment charges up by nearly 80 per cent from N106.6 billion provision in 2014, an indication of Nigeria banks prudent loan portfolio...

The NSE All-Share Index and Market Capitalization appreciated by 2.55 to close the week at 25,701.60 and N8.841 trillion respectively. Similarly, all other Indices finished higher during the week, with the exception of the NSE Insurance Index, that declined by 0.78 per cent. The market witnessed four days of trading...

1. It gives me great pleasure today to sign the first full-year budget of this administration into law. I thank the leadership of the National Assembly, in particular, the Senate President and the Speaker of the House of Representatives, and indeed all members of the National Assembly for their cooperation...

By our Correspondent The National Assembly h been urged to review some of the existing business laws in order to provide the enabling environment to attract more investment into the country. The Minister of Industry, Trade and Investment, Dr Okey Enelamah, gave the advice on Thursday when he was before...