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An internationally-renowned rating agency, Fitch Ratings, has upgraded Lagos State ratings from AA+ to AAA for its good standing in terms of debt sustainability and resilience. Communicating the development...

Following the Presidential applause for the Nigerian National Petroleum Corporation (NNPC) on its posting of ₦287bn profit after tax in the 2020 financial year, the Group Managing Director, Mallam Mele...

A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken...

The Federal Executive Council has approved contracts for the rehabilitation of Warri and Kaduna refineries at a cost of $1.4 billion. The breakdown shows that $897 million is earmarked for the Warri...

The Nigerian National Petroleum Corporation will declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year, the Group Managing Director,...

Nigeria’s inflation rate dropped further in the month of June 2021 to 17.75% from 17.93% recorded in the previous month (May 2021). This represents the third consecutive decline in headline inflation. This...

The United Arab Emirates which serves as the regional financial hub for Gulf states has said it will launch its first digital currency by 2026. The  country’s central bank disclosed this major financial...

It is two years since Mallam Mele Kyari, with a simple mien and a rather unassuming disposition, took the reigns of leadership at the Nigerian National Petroleum Corporation as Group Managing Director. Apart...

The Nigerian Federal government has projected country’s Gross Domestic Product (GDP) to grow by 4.2 per cent in 2022. The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this...

The Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday explained why the national oil company is purchasing a stake in Dangote Oil Refinery. In May, the NNPC announced...

Nigeria’s Minister of State for Petroleum, Chief Timipre Sylva, has said that the country has huge economic prospects in its gas reserves which are yet to be exploited. He revealed that the country...

President Muhammadu Buhari on Tuesday, flagged off the construction of the Nigeria Liquefied Natural Gas train 7 project located in Bonny, Rivers State. Buhari congratulated the NLNG and its shareholders...

Technology will play a key role in ensuring Nigeria stays cost competitive in today’s oil market, Mr. Roger Brown, Chief Executive Officer of Seplat Plc, has said. The Seplat CEO said this in his keynote...

The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap from the ₦9.62billion surplus it...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again voted to retain the monetary policy rate at 11.5 percent. The announcement was made by the CBN governor, Godwin Emefiele...

The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production...

Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment. The largest token fell below...

The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement by the...

The Central Bank of Nigeria (CBN) has extended indefinitely its Naira 4-dollar scheme for diaspora remittances which was introduced a few months ago. This disclosure is contained in a statement issued...

The National Directorate on Employment, NDE, Enugu State has embarked on the training of 34 Enugu youths on acquisition of skills on Soft Landscaping and Hard Landscaping under the Environmental Beautification...