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Malabu Oil Asks Court To Stop FG, Others From Signing $13.5bn Deep Water Project

By CHRIS EKEKE Malabu Oil and Gas Limited has approached a Federal High Court seeking an order of court stopping Shell Nigeria Exploration and Production Company and Nigerian Agip Exploration Company Limited from signing the Final Investment Decision (F.I.D) for the $13.5 billion Zabazaba Deep water Project located in Oil Prospecting Licence (OPL245)

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NAICOM To Start Checks On Insurance Companies Through Capital Verification And RBS

The National Insurance Commission (NAICOM) will start checks on insurance companies through capital verification and Risk-Based Supervision (RBS) in the next few days, We  have learnt. The Commission believes that the exercise will help reveal the true position of the 57 insurance firms in the country. NAICOM spokesperson, Rasaaq Salami, told The Nation that the move

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Nigeria SEC Seal Illegal Chinese Firm, Arrest Operators

Agency reports The Securities and Exchange Commission, SEC, has arrested the promoters of illegal Chinese investment company, Yuan Dong. The Commission said operating offices of the company in Abuja, Asaba and Kano have already been sealed. The spokesperson of the Commission, Naif Abdussalam, said the arrest of the operators, and sealing of their

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N20b Green Bond For 1.1m Beneficiaries

-Agency reports Nigeria plans to float Africa’s first sovereign green bond in March to raise N20 billion for environment-friendly infrastructure. To benefit are 44 universities and more than 1.1 million people in various communities. The proceeds of green bond must be applied to environment and climate-friendly projects. Acting President Yemi Osinbajo, who spoke at

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Breaking: Central Bank Of Nigeria Announces New Foreign Exchange Policy

-Anietie Udobit, Abuja The Central Bank of Nigeria, CBN, has released a new foreign exchange policy in the country with immediate effect. The new policy is sequel to last Thursday’s directive by the National Economic Council, NEC, for immediate review to stem the widening gap between the inter-bank foreign exchange and parallel

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