Mohammed Amate, Director General, the Nigerian Mining Cadastre Office (MCO), has said that more than 60 per cent mining title defaulters have responded to a recent one-month notice, warning them of impending revocation by the office. Amate said that MCO issued warning letters to more than 2,000 mining licensees early this month to pay off their debts and also comply ...

Nestle Nigeria has  hit N1,315 to lift the All-Share Index by 0.55 per cent, continuing its upward trend on the Nigerian Stock Exchange (NSE) on Wednesday. Nestle improved by N25 to close at N1,315 per share. Forte Oil followed on the gainers’ table with a gain of N2.05 to close at N43.20, while Unilever chalked up N1.79 to close at ...

The total capital imported in the third quarter has hit 4,145 million dollars, which doubled the inflow in the second quarter, representing an increased value of 147.5 per cent on a year-on-year basis. The National Bureau of Statistics (NBS) said this in a report on “Nigerian Capital Importation for third quarter,’’ posted on its website on Tuesday. The bureau stated ...

The Minister of Finance, Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo. The Advocate.ng gathered that Gwarzo was suspended in order to allow for an unhindered investigation of several allegations of financial impropriety levelled against him. This was contained in a statement signed by Deputy Director, Press, Federal Ministry of Finance, Patricia Deworitshe, ...

Some members of a community in Bayelsa have disrupted oil production at Adibawa oil-field operated by Shell Petroleum Development Company (SPDC). A reliable source, who pleaded anonymity, on Wednesday, said the protesters were from Tanbiri II, Biseni in Yenagoa, who demanded power supply from the nearby oil facility. The two oil wells, Adibawa well 4 and Adibawa well 10, feeding ...

A for Minister of Education, Oby Ezekwesili,  has said that Nigeria needs a new set of leaders, who can change her story. Speaking at the 2017 Nigerian Stock Exchange Essay Competition Awards Ceremony, in Lagos, on Wednesday, she was of the view that, “Every country that has managed to do better, every country that has climbed out of poverty, has ...

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos State chapter, has threatened to withdraw its services with effect from December 11, in protest against the Nigerian National Petroleum Corporation (NNPC)’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre. IPMAN, on Wednesday, said it was set for a showdown with the NNPC for irregular ...

Many years after it was conceived, the Zamfara-Sokoto-Kebbi-Tahoua cross border trade routes have finally become a reality with its official inauguration. The event, which was held at the Sokoto State Government House was attended by Governors  Aminu Tambuwal of Sokoto, and Abubakar Bagudu of Kebbi, as well as Abdulrahman Musa of Tahoua region of Niger Republic. In his remarks, Tambuwal ...

The Agriculture and Allied Employees Union of Nigeria has asked the Federal Government to take the agriculture sector seriously in order to harness the potential of the sector. The President of the union, Simon Anchaver, who made the call on Wednesday said the inability of the Federal Government to exploit the potential of the sector had raised fears of foreigners making ...

Trading on Tuesday ended in the green at Nigerian Stock Exchange (NSE) Market capitalisation increased by N89 billion amid gains recorded by some highly capitalised equities. Te market capitalisation which opened at N12.97 trillion rose by N89 billion or 0.69 per cent to close at N13.06 trillion. Also, All-Share Index increased by 252.95 points or 0.68 per cent to close ...