A recently released World Risk Report, published by the Mining Journal indicates that Nigeria has made remarkable improvements in both hard risk and perceived risk factors and is now “perceived” to have a better investment risk profile than New York. The Report was quoted by the Minister of Mines and Steel Development, Dr Kayode ... Read more

Vitol Group has agreed to buy embattled commodity trader, Noble Group Limited, who have also agreed to sell most of its oil-liquids business to help pare down debt, while warning that it’s set to post a net loss of more than $1 billion for the third quarter as its access to financing remains constrained. Proceeds from the sale would h ... Read more

Bank account owners who are yet to have a Bank Verification Number (BVN) run the risk of forfeiting their money to the federal government within the next two weeks unless they can justify their ownership of such accounts. A Federal High Court in Abuja has granted a temporary forfeiture order on such accounts. It also restrained commerci ... Read more

The EFCC Chairman, Mr Ibrahim Magu, has said that the fight against corruption is becoming tougher, urging all Nigerians, including children, to use every weapon at their disposal to fight it. Magu said this in Lagos on Friday during the sensitisation forum on the plan to launch “EFCC-Creative Youth Initiative Against Corruption (CYIAC) Corrupti ... Read more

Thirty six electricity workers from the Liberia Electricity Corporation (LEC) have commenced training at the National Power Training Institute of Nigeria (NAPTIN) on power generation, distribution and transmission. Sponsored by the West African Power Pool (WAPP) in collaboration with the United States Agency for International Development (US ... Read more

Guaranty Trust Bank Plc third quarter result for the period ended 30th September, 2017, has shown challenging, but yet rewarding third quarter year on year as the bank continue on profitability line. The group’s Q3 result released by the Nigerian Stock Exchange on Wednesday, showed that performance measuring indices closed on positive ... Read more

The Johannesburg Stock Exchange, JSE, on Thursday suspended trading in the shares of Nigerian oil company, Oando. According to a report by Premium Times, the suspension came after an order by Nigeria's Securities and Exchange Commission, SEC, prompted the Nigerian Stock Exchange, NSE, to suspend the embattled company on Wednesday. The news on ... Read more