Finance articles

Mo’ Abudu Distances Self From Ownership of Money Found In Ikoyi Residence

Mo’ Abudu Distances Self From Ownership of Money Found In Ikoyi Residence

Controversy over who the owner(s) of the money found in one of the flats at no 16, Osoborne Road, Ikoyi, Lagos is yet to abate, even as the CEO of Ebony Life TV, Mosunmola Abudu has denied ownership of the property. It is no longer news that the property was raided by officials of anti-graft

Recovered $50m not mine, says Nnamdi-Ogbue, ex-PPMC MD

Esther Nnamdi-Ogbue, an ex-managing director of the Petroleum Products Pricing and Marketing Company (PPMC), says the $0 million, which the Economic and Financial Crimes Commission (EFCC) found in a residential building in Lagos does not belong to her.   PPMC is a subsidiary of the Nigerian National Petroleum Corporation (NNPC),   Officials of the commission

Nigeria’s Inflation declines by 0.52 % in March

e National Bureau of Statistics (NBS) on Thursday said that inflation dropped by 0.52 per cent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index (CPI) for March released in Abuja, the

EFCC discovers $38m, N23m in Lagos home

The Economic and Financial Crimes Commission has discovered another large sum of money in a house in Ikoyi, Lagos.   According to the EFCC, operatives from its Lagos Zone found the cash during a sting operation.   Specifically, it said the operatives uncovered about $38m, N23m and £27,000 from the apartment.   This comes two

Nigeria sold $6.7bn less crude in 2016 – Report

The total value of crude oil sold by Nigeria between January and December 2016 dropped by $6.7 billion from $40.5 billion in 2015 to $33.8 billion; a comparative analysis of official crude oil lifting values published by the Nigerian National Petroleum Corporation (NNPC) has shown. The monthly NNPC operations report for January 2017 released on

OPEC figures show oil output cuts exceed pledge in March

OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight years. The Organisation of the Petroleum Exporting Countries agreed to cut output by about 1.2 million barrels per day (bpd) for