Petrol Scarcity Looms as Product Sells at N150 per Litre in Depots

Despite the pledge by oil marketers to support the federal government’s efforts in ensuring sustained and stable supply of petrol at the of...

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Nigeria,China blilateral trade rose to $9.5bn in 2016 – envoy

Trade business between Nigeria and China stood at 9.5 billion dollars in 2016, according to the Economic and Commercial Counsellor of the C...

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NNPC Resumes Loading Of Petroleum Products Nationwide

Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs Division, the Nigerian National Petroleum Corporation (NNPC), says the cor...

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Exchange rates as of today September 28th

Primebaze brings to your notice the Exchange Rates as of today being september 28.   The Naira Currency continues to depreciate in val...

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Shell shuts 180,000-bpd oil pipeline, exports threatened

The nation’s crude oil exports have suffered another setback with the shutdown of the Trans Niger Pipeline, which carries Bonny Light crude,...

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Energy crisis: 10 power plants shut, 1,041MW lost

Nigerias power generation has fallen by over 1,000 megawatts as four power plants were down on Saturday, bringing the total number of plant...

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Inflation rate increases to 17.6%

National Bureau of Statistics on Friday said that the Consumer Price Index which measures inflation increased year-on-year from 17.1 per ce...

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20 stocks record losses as market appreciates by N22bn

Trading on the floor of the Nigerian Stock Exchange closed on a positive note on Wednesday, after the two-day public holiday declared by th...

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Vandalism: Nigeria loses 79 million barrels of crude

The attacks on Forcados export line by militants in the Niger Delta have left a total of 79 million barrels of crude oil shut in since Feb...

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Nigeria losing one million barrels of oil daily – Osinbajo

Vice-President of Nigeria, Yemi Osinbajo says Nigeria has been losing one million barrels of crude oil daily in the last six months due to ...

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Petrol Price Hike on Hold, Buhari Meets Kachikwu, Baru

Nigerians may heave a sigh of relief as the federal government said monday that an increase in the price of petrol was not yet on the card ...

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Naira bounces back after days in recession

NAIRA opened strong on Monday, recovering from last week’s record low of N425 per dollar at the parallel market.  The interbank mar...

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54% of electricity consumers have no meters — Sahara Group

A total of 2.8 million electricity consumers in Nigeria have no prepaid meters, the Business Leader (Distribution), Sahara Group, the firm...

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Economic recession: Banks, insurance firms slash workers’ salaries

By the current economic recession in the country, most money deposit banks and insurance firms have slashed their workers’ salaries by betw...

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Samsung to suspend Galaxy Note 7 sales after battery explosions

Samsung has said that it would suspend sales of its latest flagship smartphone Galaxy Note 7 as reports of exploding batteries threatened t...

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