The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas Sector to boost delivery of gas to the domestic market. The...

An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the President of the African Development Bank (AfDB), Akinwunmi Adesina of corruption charges. This makes the...

Nigeria’s inflation rate rose further to 12.56 per cent in June, as prices of basic food items surged. Inflation in Nigeria has been on the increase since August 2019 when the country shut its land...

It’s a new world order, and the way we live is changing faster than we could ever have imagined. Who could have foreseen that the businesses that will survive in the first quarter of 2020 will only...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has said that the price of petrol in Nigeria is now fully deregulated and that the agency  will no longer fix prices. PPPRA Executive Secretary...

The Nigerian Senate has passed the N10.85 trillion revised 2020 nationl budget. The House of Representatives had passed the budget submitted by President Buhari on Wednesday. A breakdown of the figure...

The Vice President for Agriculture, Human and Social Development at the African Development Bank, Dr Jennifer Blanke, has resigned from her position. The bank disclosed this on Wednesday in a statement,...

Nigeria’s House of Representatives has passed the revised 2020 federal budget of N10.8 trillion from the initial N10.5 trillion submitted by the president. The lawmakers also approved President Muhammadu...

The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures...

The African Development Bank has agreed to an external review of an investigation that found no evidence of wrongdoing by its president, Akinwumi Adesina, after a shareholder dispute over the probe. As...

The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over prevalent low grade and contaminated AGO, otherwise called, diesel offered at discounted prices in parts of Nigeria. The alarm...

President Muhammadu Buhari has approved the nomination of a former Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, for the position of director-general of the World Trade Organisation. TheCable reported...

The House of Representatives has approved the request by President Muhammadu Buhari for yet another hefty loan request. The lawmakers approved the request at Tuesday’s plenary after the committee on...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new pump price band of N121.50 to N123.50 per litre for petrol in Nigeria. In a letter to petroleum products marketers, the...

Nigerian President Muhammadu Buhari has written to the National Assembly seeking a fresh $5.513bn external loan to finance the revised 2020 budget. In a letter read by Speaker of the House of Representatives,...

The Nigerian economy grew by 1.87% over the last year in the first three months of 2020. from a year earlier. This is according to the first quarter (Q1) GDP report, released by the National Bureau of...

The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities...

Nigeria has received $3.4bn emergency financial assistance from the International Monetary Fund. The Federal Government said it will use the funds ‎to address challenges arising from the economic impact...

General Electric announced Monday it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders. The cuts will be...

The Central Bank of Nigeria (CBN) has lifted the temporary suspension it placed on the clearing of cheques in the country, with effect from today. This was disclosed  in a circular posted on its website...