254 firms bid to buy Nigerian crude

refinery

About 254 indigenous and foreign owned entities submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil term contracts. The opening of the bids was beamed live on a national television network. It was also witnessed by officials of the Department of Petroleum Resources (DPR), Nigeria Extractive Industries More...

by metro | Published 1 week ago
Abdulrasheed Maina
By metro On Tuesday, January 9th, 2018
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Maina: Senate mocks Attorney General Malami’s bid to stop probe

The Senate has challenged the Minister of Justice and Attorney General of the Federation, AGF Abubakar Malami, to explain why he approached the court to stop its ongoing probe into the reinstatement of fugitive More...

Emefiele
By metro On Tuesday, January 9th, 2018
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External reserves hit four-year high at $40.4bn – CBN

The nation’s external reserves have hit a new level of $40.4bn, the Central Bank of Nigeria has stated. The last time the foreign reserves hit the $40bn mark was January 2014, about five months before the crash More...

By metro On Monday, January 8th, 2018
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Union bank: CBN, SEC complete rights issues

The Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC) have concluded share allotment and capital clearance review of the N50 billion rights issue of Union Bank of Nigeria. The bank said More...

yams export
By metro On Monday, January 8th, 2018
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Nigeria to supply US 1,440 tonnes of yams in 2018

yams export The Technical Committee on Nigeria Yam Export Programme says it is targeting the export of about 480 tonnes of yams per month in 2018. According to the committee, the United States has already requested More...

Yemi Kale
By metro On Monday, January 8th, 2018
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NBS releases 179 reports on Nigeria’s economy

The National Bureau of Statistics (NBS) is to release no fewer than 179 reports on different sectors of the economy this year. According to the 2018 tentative data release calendar posted on the bureau’s Website, More...

By metro On Friday, January 5th, 2018
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NCS in Niger realised N2.4bn revenue in 2017

The Niger Area Command of Nigeria Customs Service (NCS) realised N2.4 billion revenue in 2017. Its Controller, Comptroller Benjamin Gbenga, disclosed this in an interview with the News Agency of Nigeria (NAN) in More...

Emefiele
By metro On Thursday, January 4th, 2018
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CBN raises 162 bln naira at treasury bill auction

CBN raised 161.54 billion naira ($513.64 mln) at a treasury bill auction on Wednesday after it received subscriptions for more than twice the amount on offer, traders said on Thursday. The central bank sold 115.85 More...

By metro On Thursday, January 4th, 2018
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Dry Ports facilities: Buhari warns Customs, others

President Muhammadu Buhari on Thursday inaugurated the Kaduna Inland Dry Port and warned the Nigeria Customs Service and port officials against frustrating the effective use of the facilities. Inaugurating the facilities More...

By metro On Thursday, January 4th, 2018
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Nigeria agrees $550 mln satellite deal with China

Nigeria has agreed a $550-million deal to buy two Chinese communications satellites and hopes to sign the contract before the end of the month, the communication minister said on Wednesday. Adebayo Shittu said China More...