admin

117,571
posts
686,238
views
0
followers
  • NIGERIA: Parallel Market Exchange Rate (12/07/2016)

    Note: “Buy” refers to the rate you pay if you want to buy forex. “Sell” is the rate that you sell to parallel market operators. Our rates are obtained from black market operators on the mainland and the island of Lagos. We prefer to publish the higher of the two. Dollars Buy   – N355 […]
  • Only 25% of Nigeria’s Gas Reserves is Utilised – Shell chief

    … ‘How to optimise resource monetisation’ Only 25 per cent of the country’s gas reserves is being utilised, the Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, has said. He spoke at the Nigerian Gas Association’s Business Forum in Lagos. Okunbor, who represented Oil […]Read More
  • Oil Prices Dip in Asia as US Rig Count Jumps

    Oil prices eased in Asia Monday as an increase in US drilling activity and a strong dollar reversed gains from last week’s better-than-forecast US jobs report. The commodity eked out modest gains Friday after data showed the world’s top economy created 287,000 jobs in June following a dismal rise in May. However, the gains — […]Read More
  • FG, South Africa to Sign Agreement on Post Bank, Agriculture—Consul-General

    Nigeria`s Consul General in South Africa, Amb. Uche Ajulu-Okeke, said that Nigeria and South Africa are planning to sign an agreement on a post bank and agriculture. Ajulu-Okeke who spoke  in Johannesburg that the Federal Government was exploring an opportunity through a private consortium to link Post Bank of South Africa with NIPOST. “The Federal […]
  • Nigeria’s Economy Likely to Shrink This Year –IMF

    Nigeria’s economy will most likely contract this year as energy shortages and the delayed budget weigh on output, the International Monetary Fund has said. “I think there is a high likelihood that 2016 as a whole will be a contractionary year,” the IMF Country Representative in Nigeria, Gene Leon, said. While the economy should look […]
  • Again, Shell Shuts 180,000bpd Oil Export Pipeline

    Shell Petroleum Development Company of Nigeria Limited on Monday shut the Trans Niger Pipeline, one of the two major pipelines transporting the nation’s reference crude oil grade, Bonny Light, for export. This is coming one month after the oil major was forced to shut the pipeline, which was later reopened after repairs. The TNP transports […]
  • $1.5 Million Dubai Properties: Femi Falana Tells Buhari To Sack Buratai

    Femi Falana, a senior advocate of Nigeria on Sunday, July 11, 2016, called on President Muhammadu Buhari to sack the Lieutenant General Tukur Buratai, the chief of army staff for the ownership of corrupt $1.5 Dubai properties in the event that Buratai refuses to resign over the scandal. Mr. Falana insisted that the explanation offered […]
  • Banky W. Writes Open Letter To Single Men, Women

    Banky W. Writes Open Letter To Single Men, Women Abuja – Popular Nigerian music singer, Bankole Wellington popularly known as Banky W has posted an insightful open letter to all single men and women in the society. Wellington had uploaded a picture of his married celebrity friends, Tunde Demuren, Ebuka Obi-Uchendu, and Olamide Adedeji, all […]