The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has advanced drastic steps to recover a total...
Incurs N950bn domestics borrowing in Q1 2022 already As IMF, experts cry out Even amidst troubled revenue generation and socio-economic contradictions facing the country, Nigeria’s...
Fitch Ratings said that the decision of the Federal Government to reverse its plan to phase out the implicit fuel subsidies that support price controls on...
The Federal Government is open to onshore and natural gas investments in Nigeria by the Turkish government, the Minister of State for Petroleum Resources, Chief Timipre...
Vice President Yemi Osinbajo has said that in a bid to close the infrastructural gap in the private sector, the Federal Government invested an estimated N300...
Seplat Energy Plc on February 25 announced an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil. In...
Dr. Babajide Agunbiade is one of the world’s leading offshore production expert, an investor, businessman and Director for Houston-based National Oilwell Varco, the largest oilfield equipment...
The Deputy Managing Director of First Bank Nigeria Limited, Mr Gbenga Shobo has said the bank’s First Global Transfer (FGT) has contributed to the increase in...
The Centre for Promotion of Private Enterprises (CPPE), has ascribed the 3.40 per cent economic growth rate recorded by Nigeria in 2021 to factors such as...
Officials of the National Drug Law Enforcement Agency (NDLEA) have seized $4.7 million counterfeit cash which was to be injected into Nigeria’s economy. Director, Media and...
The Infrastructure Concession Regulatory Commission (ICRC) has said the federal government hopes to generate over N5 billion through the fisheries coastal terminal concession project currently being...
Nigeria’s economy grew by 3.4% year-to-year in 2021 with an estimated value of N72.39 trillion in real terms, representing an uptick from the 1.92% contraction recorded...
Nigeria’s consumer price inflation rate fell in January to 15.60 per cent from 15.63 per cent recorded in December 2021, even as food prices continued to...
Director-General, Lagos Chamber of Commerce & industry (LCCI), Dr Chinyere Almona, said the FX Repatriation (RT200 FX Programme) requires the right policies, critical export infrastructure, international...
The President, African Development Bank, Dr Akinwumi Adesina, has estimated that Africa will need $784 billion every year to eliminate extreme poverty on the continent He...
The Lagos Chamber of Commerce and Industry (LCCI) has pledged its support to drive investments into Lagos Free Zone. A statement said the President, LCCI, Dr...
As reserves loses grip on $40bn mark Analysts have expressed worries over depleting external reserves of the Central Bank of Nigeria as they warn of...
Rising oil prices could create $500bn stranded asset trap – Report Major oil companies could get caught in a stranded asset trap worth as much as...
With a whopping deficit of approximately N2 trillion out of its projected N2.511 trillion, the Nigerian National Petroleum Company (NNPC) Limited, was unable to remit roughly...
100 for 100 PPP: CBN disburses N23.2bn to 28 maiden beneficiaries The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has formally launched the 100 for...