Nigeria to earn more as oil price rises to $55.61

There are indications that Nigeria will earn more from oil starting from January, 2017, as price of oil yesterday rose to $55.61 per bar...

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Dana Air denies report of plane crash

Dana Air has denied report of a plane crash involving somewhere in Lagos, saying the report that any crash occured in Lagos was entirely...

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Shakeup as MTN announces senior management appointments

MTN Group has announced the appointments of new permanent senior management team which will be effective from January, 2017. A statem...

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Islamic Bank issues $1.25bn Sukuk

The Islamic Development Bank (IsDB) has successfully priced a $1.25 billion, five-year Trust Certificates (Sukuk) under its $25 bil...

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Buhari eyes three million bpd with Niger Delta revival scheme

President Muhammadu Buhari's ambition is to take crude output to three million barrels per day (bpd). Nigeria has not met its 2.1 mi...

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Fed Govt’s account balance in credit

The Federal Government's account with the Central Bank of Nigeria (CBN) is in credit, contrary to Emir of Kano Muhammadu Sanusi 11...

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DPR seals 19 filling stations for alleged malpractice

 The Department of Petroleum Resources (DPR) says it has sealed 10 filling stations in Sokoto and Kebbi states for allegedly selling p...

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Oil hits $55.33 high in buying rush after OPEC agreement

Crude rose above 55 dollars a barrel as rising prospects of a tightening market after last week's OPEC landmark deal to cut productio...

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