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Harsh Economy: Aero Contractors Suspends Flights, Promises Refund For ‘Valid Tickets’

One of Nigeria's top airlines, Aero Contractors, has finally caved to the economic downturn under President Muhammadu Buhari. On Wednesday, August 31, 2016, the airlines...

CBN Restores Licenses Of 11 International Money Transfer Companies

WorldRemit, the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria, CBN,...

Former Niger Delta Militants Complete Training At Innoson Motors

The former Niger Delta militants granted amnesty by late President Musa Yar’Adua about seven years ago which program was implemented by President Jonathan, have been...

20 Shipping Companies Leave Nigeria, Over 3,000 Workers Dismissed

Over 20 shipping companies have left Nigerian shores due to intense hardship provoked by poor government policies and global economic crunch. According to Dockworkers Union...

4th South African Firm Pulls Out Of Nigeria Over ‘Hostile Economic Environment’

Sun International, a South African-owned firm with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions...

Niger Delta: Demonstrations Against Chevron Nigeria Escalate

Protesters blocked the gate to offices of American oil giant, Chevron in Nigeria’s Niger Delta on Monday, August 15, 2016 widening a week-long demonstration...

Niger Delta Avengers: NNPC To Import Crude From Chad, Niger

As part of the efforts to address frequent disruptions to the supply of crude oil to the Kaduna Refinery and Petrochemical Company, KRPC, as...

Shell Declares Force Majeure On Nigeria Gas Supply Due To Avengers Attacks

Royal Dutch Shell Plc said its local unit has declared force majeure on supplies to a liquefied natural gas plant in Nigeria because of...

NNPC Records N65.83 Billion Loss In 5 Months

State-owned oil company, the Nigerian National Petroleum Corporation, NNPC, recorded a total loss of N65.83bn between January and May this year, its latest group financial...

Indorama Refutes Allegation of Sabotaging National Economy and Security

The management of Indorama Eleme Fertilizer & Chemicals, IEFCL, has refuted allegation published in various media platforms that the company and another fertilizer firm...

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