A United Kingdom Commercial Court on Tuesday ordered the release of the $200m guarantee put in place as security in respect of the execution of the much-discredited Process and Industrial Development...

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s...

The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to reduce the Monetary Policy Rate (MPR), from 12.5% to 11.5%. This was disclosed by the bamk’s Governor, Godwin...

The Federal Character Commission (FCC) has applauded the Nigerian National Petroleum Corporation (NNPC) for ensuring a high level of gender balance in appointments into management positions in the Corporation. The...

 Global economic recovery from the crisis generateC by the coronavirus pandemic may take as much as five years, the World Bank’s Chief Economist , Carmen Reinhart said on Thursday. “There will...

Nigeria’s Inflation rate rose to 13.22% in August 2020, the highest rate recorded in 29 months since March 2018 (13.24%). This was contained in the recent Consumer Price Index (CPI) report released by...

Latin America’s biggest economy, Brazil, contracted by a record 9.7 percent in the second quarter of 2020, plunging into recession as coronavirus lockdowns hit home, the official statistics agency...

Dr Akinwumi Adesina has been sworn as President of the African Development Bank (AfDB), to serve another five-year term. The ceremony held virtually on Tuesday morning. The event was attended by several...

For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam Mele Kyari, Tuesday, urged the...

Many indigent youths in Ibeju-Lekki area of Lagos State are now counting their fortunes and reaping the benefits from the first batch of the vocational training programme organized by Dangote Oil Refinery. So...

Nigeria’s Gross Domestic Product (GDP) in real terms declined by 6.10% (year-on-year) in Q2 2020, thereby  ending the 3-year trend of low but positive real growth rates recorded since the 2016/17 recession. This...

 A chieftain of the All Progressives Congress and former National Publicity Secretary of the defunct New People’s Democratic Party (nPDP), Chief Eze Chukwuemeka Eze, has commended President Muhammadu...

The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at boosting its gas supply to the domestic...

The Federal Government of Nigeria has said the resumption of international flights in the country on August 29 will not open the airspace for all countries to fly into Nigeria. The government says it...

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...