House of Representatives, on Tuesday, passed a bill, which will mandate investors in the nation’s oil exploration to also build and maintain refineries.
According to the bill, sponsored by Emmanuel Oyeyemi Adedeji, building and operation of refineries would become part of the conditions to be fulfilled by would-be investors before operations license could be approved by the government.

More at Sunnewsonline

PLANS have reached advanced stages for the University of Nigeria, Nsukka to be one of the first in Nigeria to run a fully networked campus with the university dedicated Information Communications Technology (ICT) infrastructure for teaching, learning and research.

Vice Chancellor of the University, Prof. Bartho Okolo, who disclosed in Enugu recently said that project worth about three billion naira would come on stream by August this year.

More at Guardian

The Nigerian naira NGN=D1 was largely stable against the U.S dollar on the interbank market on Thursday, helped by increased forex inflows from some oil firms, traders said.

The central bank sold $250 million at 148.61 naira to the dollar at its forex auction on Wednesday compared to a demand of $271.24 million, and to the same $250 million it sold at 148.60 naira a dollar on Monday.

But the shortfall in dollar supply by the central bank was bridged by the inflow of $345 million from four energy firms, state-run oil firm NNPC, Chevron, Total and Addax in the week.

More on 234Next