Sources are reporting that the Securities and Exchange Commission of Nigeria has formally lifted the 6-month old technical suspension on Oando PLC, a leading Nigerian energy company listed on the Nigeria and Johannesburg Stock Exchanges. This was contained in a letter from the SEC Nigeria to the management of Oando Plc.

The management of the Nigerian National Petroleum Corporation has begun mass demolition of buildings including residential structures and shops erected on pipeline right of way in some parts of Ilorin metropolis, the Kwara State capital, North Central Nigeria. It was gathered that NNPC had mobilized equipment to the affected areas within the Ilorin metropolis where its operatives carried out the demolition exercise.

Oil prices rose more than two per cent supported by a rebound in the stock market as trade war between the United States and China eased. Brent crude futures rose to settle at 68.65 dollars a barrel. Brent prices gained 2.3 per cent on the day, its largest daily percentage gain since March 21.

The Federal Government has said it would soon release another list containing the names of public office holders who looted government treasury in the past. The Minister of Information and Culture, Alhaji Lai Mohammed who made this known in a chat with newsmen in Ilorin, the Kwara state capital said no form of intimidation would stop the government from releasing another list of looters.

The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele. Emefiele announced this at a seminar for Finance Correspondents and Business Editors, held in Uyo, Akwa Ibom on Monday.

The Federal Government has assured that the sale of Afam Power Plant as well as Yola Disco would be done transparently. The assurance is coming after the government announced that it has appointed transaction advisers for the privatization of Power Generating and Distribution Companies, thus signaling the commencement of the sales of the companies.

Activities opened on the Nigerian Stock Exchange (NSE) on Monday with a negative trend as the market capitalisation lost N150 billion and volume depreciated by 42.82 per cent. The market capitalisation, which opened at N14.753 trillion, shed N150 billion or 1.02 per cent to close at N14.603 trillion, amid losses by blue chips.

The Federal Government has given approval for the construction of a Liquefied Petroleum Gas extraction plant in Rivers State. The Department of Petroleum Resources gave the approval to construct the LPG plant to Green Energy International Limited after it had earlier issued the firm a licence to establish the facility, according to a statement issued in Abuja on Friday.

Although there has been significant peace in the Niger Delta region, allowing for unhindered oil extraction, there are reports that crude oil theft rose by 50% to 9, 000 barrels per day in 2017 from about 6, 000 barrels per day in 2016. The Royal Dutch Shell Plc, the parent company of Shell Company in Nigeria made this known in its annual sustainability report released yesterday.

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has reiterated the resolve of the Bureau not to compromise on transparency and integrity in the sale and management of public assets in the country. Speaking at the joint kick-off meeting of the transaction advisers for the privatisation of Afam Power Generation Plant and Yola Power Distribution Company in Abuja on Wednesday, April 4, 2018,