The bleak future of crude oil

The annual World Energy Output report just released by the International Energy Agency (an autonomous international organisation comprising 28 members from developed countries whose...

FBN Capital set to finance power firms

FBN Capital has unfolded plans to raise fund from both international and local currency market to finance the recent privatized fi rms and its...

Sanusi cautions banks on oil, gas financing

Banks should consider the environmental impact of their financing and investments, especially when they concern the oil sector, the Central Bank of Nigeria (CBN)...

Economy grew by 6.8% in third quarter —NBS

The nation’s economy measured by Real Gross Domestic Product grew by 6.81 per cent in the third quarter of this year, the National Bureau...

New revenue formula’ll fix half of Nigeria’s problems – RMAFC

The Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, has said producing the right revenue sharing formula will help solve 50 per cent of the problems...

Account for ‘missing’ $5bn excess crude money, nPDP challenges FG

The Abubakar Baraje-led splinter group of Peoples Democratic Party, PDP, has challenged the Federal Government to, as a matter of urgency, account for the...

Transcorp shares rise 94% on power plant acquisition

There has been a renewed demand for the shares of Transnational Corporation of Nigeria Plc (Transcorp) at the stock market after the company took...

NLNG to pay $1bn as company tax in 2014

The Nigeria Liquefied Natural Gas  Limited (NLNG) is to pay over $1 billion as Company Income Tax (CIT) to the federal government in 2014,...

$5bn missing from Excess Crude Account – Amaechi

Chairman of the Nigeria Governors’ Forum (NGF), Mr. Chibuike Amaechi, is alleging the disappearance of $5 billion from the Excess Crude Account and asked...

Rewane, Oyekanmi, others say House $79 benchmark too high

Condemnations have trailed the decision of the House of Representatives to peg benchmark for crude oil in the 2014 budget at $79 per barrel, a...

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