Ecobank Group on Tuesday said it recorded a revenue of N641.8 billion for the year ended December 31, 2020. The figure represents a nine per cent increase compared with N586.9…
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Category: Business
Why we retained monetary policy rate at 11.5% – Emefiele
By our reporter| The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to retain the monetary policy rate at 11.5 percent. Nigeria’s CBN Governor,…
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Azman Air was suspended to avert impending national disaster – NCAA
By our reporter| The Nigerian Civil Aviation Authority (NCAA) says it suspended the operation of Azman Air to avert a national tragedy. According to a statement by its spokesman Sam…
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FEC commits $1.5billion to repair Port Harcourt refinery
By our reporter| The Federal Executive Council (FEC), has approved $1.5 billion for the repair of the 32-year-old Port Harcourt refinery. The Minister of State for Petroleum, Timipre Sylva who…
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Malabu scandal: Milan court acquits Shell, ENI
A Milan court on Wednesday acquitted energy companies ENI and Shell in Nigeria’s oil industry’s biggest corruption scandal. Also acquitted by the court was a long list of past and…
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