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Tuesday, September 27, 2022
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Oando Plc faces delisting, suffers huge losses in 2020

Huge losses have forced Nigerian multinational oil company, Oando Plc, on the verge of voluntary delisting on the Nigerian Exchange Group (NGX).The company has...

Senate probes Shell over  alleged JV agreement  violation, wants $200m refunded to govt

The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and...

Chaudhuri & Hernandez: Nigeria is an Exceptional Oil-producing Nation

For the first time since the discovery of crude oil, Nigeria has been in a situation whereby when oil prices go up significantly, globally,...

Banks reward savings accounts with 1.28%, lending hits 26.61%

The gap between the savings and lending rates in the banking sector widened by 25.33 per cent in March, according to figures obtained from...

Stanbic IBTC offers investors high yields, to invest in transport, renewable energy, others

Stanbic IBTC Asset Management Limited has announced that the company will invest N15 billion into infrastructure project in healthcare, transport, logistics, renewable energy, and...

IMF’s alarm on Nigeria’s debt

The International Monetary Fund (IMF) in its latest Sub-Saharan Africa Regional Economic Outlook report, would again highlight the elements that have become recurrent as...

Power Generation Dips On Oben Gas Plant Partial Shutdown – Federal Govt

The federal government said the latest dip in electricity generation in the country is as a result of a partial shutdown of Oben gas...

Shareholders express concern over TTB’s majority stake acquisition in Union Bank

Some minority shareholders of Union Bank Plc have expressed worry over the acquisition of the over 100 years old bank by Titan Trust Bank...

Nigeria, Ethiopia agree to meet on trade, economy next month

Nigeria and Ethiopia have concluded arrangements to hold a Joint Ministerial Commission meeting in Addis Ababa, next month, where various areas of bilateral relationship...

Environment: NEITI moves to hold oil companies, miners accountable

The Nigeria Extractive Industries Transparency Initiatives, NEITI, yesterday took the first step to compel petroleum and mining companies to report on the impact of...

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