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By Bamidele Ogunwusi,  Lagos With Agency Report   After several weeks of negative sentiments, the naira gained on the parallel market on Monday. This is coming after commercial banks stopped accepting cash deposits in dollars, a move to discourage speculation in the currency. The naira was quoted at...

By Ejikeme Omenazu,  Lagos   The total assets of the NPF Microfinance Bank Plc has risen astronomically to N10 billion, an increase of 20 per cent...

By Nkasiobi Oluikpe,  Lagos   Not too long ago, Deloitte, one of the largest global professional services network, published that in 2014, Nigeria...

•  As Judge Declines To Discharge Interim Order By Tunde Opeseitan, Lagos   A Federal High Court in Lagos on Monday declined to discharge an interim...

By Obas Esiedesa,  Abuja   Capital Oil and Gas Industries Limited has barred oil marketers involved in the sales and diversion of premium motor spirit (Petrol) above government regulated price of N87 per litre from lifting products in its terminal. The company, in a statement by its Director Media Services, Afam Ilounoh, described the diversion of petroleum products...

By Phillip Oladunjoye , Lagos WITH AGENCY REPORTS   The plummet in crude oil prices has further aggravated the Federal Government’s inability to fund Joint Venture (JV) agreements with international and indigenous oil companies. Prior to the oil glut, payment of cash calls and requests for payment for anticipated future capital projects sent by Joint Venture operators...

FMC Technologies, one of the leading global providers of technology solutions for the energy industry, has said that it has delivered its first 4 subsea wellheads fabricated entirely in Nigeria. It noted that the equipment, manufactured for the Egina project, operated by Total, is the result of the company’s dedication to developing local capabilities among its supply...

Stories by Phillip Oladunjoye  -  Lagos   A total of 100 delegates representing 56 companies from Nigeria and the United Kingdom explored opportunities for collaboration at the annual Nigeria-UK Supplier Engagement programme organised by Shell Nigeria Exploration Company Limited (SNEPCo) in conjunction with the United Kingdom Trade and Investment (UKTI). The event,...

Visa, a global payments solution provider, has launched a card security week campaign in Nigeria to raise awareness amongst cardholders on the security features found within the EMV chip card as well as the benefits of using your Visa card for everyday spend. Speaking at the media briefing, Mr. EmezinoAfiegbe, Business Development Leader, VisaWest Africa said, “Fear...

Royal Dutch Shell has said that it would cut 6,500 jobs as it braces for up to several years of low oil prices. The company said in its second quarter results that it expects to cut about 6,500 staff and direct contractor positions in 2015, but did not disclosed how those cuts will be distributed. Shell also slashed its 2015 capital investment budget down to $30 billion,...