The Nigeria Extractive Industries Transparency Initiative, NEITI, said the country lost $198.7 million in 2014 to the crude oil-for-product swap and the Offshore Processing Arrangements, OPA NEITI disclosed this in…
Read More FG loses $198.7m to oil swap,OPA – NEITI
Ebun Francis The Managing Director of Nigerian National Petroleum Corporation, Dr Maikanti Baru on Thursday explained the difficulties being experienced in the aviation sector was not as a result of…
Read More Airlines can’t pay for aviation fuel -NNPC
Agency report The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said to have lost 36.68…
Read More Naira among four worst global currencies in 2016
Ebun Francis with agency reports The Central Bank of Nigeria sold about $1bn on the forward market to clear a backlog of dollar obligations in selected sectors, according to foreign…
Read More CBN sells $1bn to clear backlog of forex demand
Kingsway International Christian Centre, a 12,000-member megachurch in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, lost $4.8 million to a Ponzi scheme after trustees carelessly invested money in it. The…
Read More Pastor Ashimolowo loses $5m to Ponzi scheme
