The Nigerian National Petroleum Corporation (NNPC) wants the National Assembly to hasten the amendment of royalty rates for oil gotten from deep offshore sources.

The Federal Government received N3.211 trillion as Petroleum Profits Tax (PPT) and Royalties from the third quarter of 2015 to third quarter of 2017, according to the Economic Report of the Central Bank of Nigeria (CBN).

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dakuku Peterside, has said the Maritime Silk Road initiative promoted by China to develop international shipping connectivity across South East Asia, Africa, Oceania, Indian ocean will create a new opening for Africa to advance its economic partnership for the benefit of the continent.

Sophisticated thieves in the manner of electronic fraudsters have stolen at least N5.57 billion from banks’ vault in the last three years, a forum has said.
The forum however assured that, plans are ongoing to institute an industry customer protection plan aimed at check mating the thieves.

Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Owen Omogiafo as an Executive Director with effect from July 1, 2018.

According to our projections, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018, and the Democratic Republic of the Congo could soon take over the number 2 spot.

An official of the Central Bank of Nigeria (CBN) said few days ago that Nigeria has nothing to worry about as the U.S hikes its rates. But overnight trading at the Open Market Operations (OMO) saw overnight rates jump.

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, will join other global leaders to speak at the 27th World Gas Conference (WGC), taking place from 25th to 29th June 2018 in Washington, United States.

Interest rates and yields in the global financial market are expected to increase further with the normalization of monetary policy in advanced countries continues, said the FSDH Research.

Shareholders of Dangote Cement on Wednesday at the company’s 9th Annual General Meeting (AGM), held in Lagos were full of praise for the Board, Management and staff of the company after approving the dividend payout of N10.50 per 50k share, representing 90 per cent of net profit and an increase of 23.5 per cent on the N8.5 per share paid last year.