The Asset Management Corporation of Nigeria (AMCON) has announced the seizure of assets belonging to Jimoh Ibrahim, Chairman of Global Fleet Group, over debts valued at N69.4 billion. This was disclosed in...

The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland...

One of the largest construction companies in Nigeria, Lubrik Construction Company, LCC, has pledged to build a world class clubhouse for the Army Guards Polo Club. This special partnership with the Nigerian...

Lufthansa and Air France/KLM have been given the approval by the Federal Government of Nigeria to resume operations into the country. This was announced by the Minister of Aviation, Hadi Sirika, in a tweet...

Nigeria’s inflation rate rose by 14.23% (year-on-year) in October 2020 as against 13.71% recorded in September 2020. This was contained in the consumer price index report, recently released by the National...

The Nigerian National Petroleum Corporation (NNPC) has said it is aware of a document widely circulating in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection)...

The Debt Management Office (DMO) has said that a total of N195 billion has been disbursed to 270 exporters under the Export Expansion Grant (EEG) programme of the federal government. The figure is however...

The Extractive Industries Transparency Initiatives (EITI), a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, has commended the Group Managing...

The National Bureau of Statistics on Monday said the sectoral distribution of Value Added Tax data for the third quarter of 2020 reflected that the sum of N 424. 71 bn was generated as VAT in Q 3 2020. This...

The Federal Government has approved the sum of N5billion as a bailout for airline operators and other business owners in the aviation sector to cushion the effects of COVID-19 on the country’s aviation...

The Bureau of Public Service Reforms (BPSR) has commended the Nigerian National Petroleum Corporation (NNPC) for Internal Open Resourcing (IOR) initiative, describing it as a veritable tool required by...

The House of Representatives Committee on Gas Resources has applauded the Mallam Mele Kyari-led Management team of the Nigerian National Petroleum Corporation (NNPC) for its achievements in the areas...

In fulfilment of President Muhammadu Buhari’s promise to ensure mass metering nationwide to end the estimated billing system in the electricity sector, the National Mass Metering Programme (NMMP) will...

Nigeria’s Dr Ngozi Okonji-Iweala is set to become the next Director-General of the World Trade Organization. Reports say she, this Wednesday, secured the support of 104 of the 164 member countries...

The House of Representatives Committee on Power, Wednesday, dismissed as illegal, President Muhammadu Buhari’s directive that the Nigeria Bulk Electricity Trading Company, NBET should be an agency under...

As part of concerted efforts to ramp up gas-to-industries and gas-to-power in the country, the Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project,...

Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in...

The World Trade Organization has said Nigeria’s Dr Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee have advanced to the final round in the race for the position of  director-general. The implication...

President Muhammadu Buhari will on Thursday present the 2021 Appropriations Bill to a joint session of the National Assembly. The President wrote a letter of request to the Senate to notify it of his intention...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has been conferred with the African Leadership Commendation Award by the African Leadership Magazine. The award was conferred...