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One of Nigeria’s major oil and gas operators, Shell Petroleum Development Company (SPDC) has said that insecurity in the Niger Delta region is slowly crippling its operations in the country. According...

Ethiopia tops the list of African countries  in the consumption of cement manufactured by the Dangote Group. According to an unaudited report of the company for the period spanning January to June 2017,...

Russia’s Energy Minister, Alexander Novak has urged Nigeria and Libya to join the deal to cut global oil production as agreed by members of the organization of Petroleum Exporting Countries (OPEC). Russia,...

Respite may soon come the way of domestic airlines operating in Nigeria as their agitation for a reduction in the cost of providing major aviation services has finally got the attention of the Federal...

The Federal Government of Nigeria may halt the importation of fuel in 2019 if a new National Oil Policy being proposed is approved by the Federal Executive Council (FEC). The Minister of State for Petroleum,...

Etisalat, one of Nigeria’s mobile telecommunications services providers, has changed its brand name to 9mobile. Chain Reactions, the public relations consultant to the company, while confirming the...

  The European Union (EU) Ambassador to Nigeria and ECOWAS, Michael Arrion has said that the union can no longer continue providing financial assistance to Nigeria. Mr. Arrion made the disclosure in...

Africa’s richest man and President of Dangote Group, Aliko Dangote has said that Nigeria loses an estimated N20 billion every day to the traffic gridlock experienced at the Apapa port. Speaking to journalists...

A consortium of banks led by Access Bank Plc has taken over the management of Etisalat Nigeria, effective June 15, following the inability of Emerging Markets Telecommunications Services (EMTS) to reach...

  The Senate Committee on Customs, Excise and Tariff has given the Central Bank of Nigeria (CBN) a seven-day ultimatum to recover the over N30 trillion collected on behalf of the Nigeria Customs...

  Nigeria’s Minister of State for Petroleum Resources, Mr. Ibe Kachikwu on Tuesday said  it was shameful that a country like Nigeria was still importing finished petroleum products. Kachikwu...

  Nigeria has generated an estimated N102.6 billion as revenue from the sale of rice produced locally by farmers under the Anchor Borrower Programme (ABP) of the Central Bank of Nigeria. This was...

  Nigeria’s Debt Management Office (DMO) of the Ministry of Finance has said that the nation’s total indebtedness to creditors now stands at N19.16 trillion signifying over N1.8 trillion increase...

Nigeria’s Minister of Agriculture, Audu Ogbeh has said arrangements have been concluded by his ministry to export its first container load of yams to Europe in June this year. He made the disclosure...

The Asset Management Company of Nigeria (AMCON) has concluded arrangements to sell a plant belonging to Peugeot Automobile Nigeria (PAN) Ltd worth over N5 billion ($49 million) to Africa’s richest man,...

The Nigerian Senate has disclosed that a whooping $450 million has been lost by the Federal Government as a result of persistent cyber attacks on the nation’s Information and Communication Technology...

After 15 months of being on the rise, the Consumer Price Index (CPI) which measures the rate of inflation in the Nigerian economy, has dropped for the third consecutive month. According to the National...

The Nigerian National Petroleum Corporation (NNPC) is to resume its search for oil in the Lake Chad basin before the end of the year. The Chief Operating Officer in charge of Gas and Power in the NNPC,...

  Three Nigerian companies have been listed by the London Stock Exchange Group in the inaugural edition of its “Companies To Aspire Africa” report. In the report which showcases Africa’s success...

Telecommunications giant, MTN Nigeria, on Friday, sacked 280 workers, representing about 15 percent of its total workforce. Reports say most of the affected staff who had been in the company’s employment...