There is an ongoing protest in all Chevron facilities across Nigeria. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Chevron branch has called for the removal of the Chairman...

The Minister of Environment, Mr. Muhammad Mahmud, has commended the Nigerian National Petroleum Corporation (NNPC) on the proposed Abuja 1350MW Independent Power Plant project aimed at boosting electricity...

Nigeria’s apex bank, The Central Bank of Nigeria on Sunday issued a new Guide to Bank Charges . The new guide which takes effect from January 1, 2020 reduced the withdrawal fee charged for the use...

Eight Francophone West African countries on Saturday agreed to change the name of their common currency to Eco, severing the CFA franc’s links to former colonial ruler, France. The CFA franc was initially...

The National Bureau of Statistics (NBS) says farmers in Nigeria earned a total of N201. 66 billion from the export of agricultural products between January and September of this year. A brief analysis...

The Nigerian government plans to distribute N10 billion as Trader Moni loan to petty traders and artisans in the country in the 2020 fiscal year. Under the micro credit scheme, the Federal Government,...

Workers of the Nigeria Postal Service (NIPOST) on Thursday staged a protest over the plan by the Federal Government to cede the collection of stamp duty to the Federal Inland Revenue Service (FIRS). The...

President Muhammadu Buhari has signed the 2020 Appropriation bill into law. This was announced by the President via his twitter handle. It is my pleasant duty, today, on my 77th birthday, to sign the...

Latest figures from the Central Bank of Nigeria indicate that the country’s foreign reserves continued their downward trend as they dropped from $39.8 billion to $39.24 billion between November 11 to ...

A South Korean court on Tuesday sentenced the Board Chairman of Samsung Electronics,  Lee Sang-hoon to 18 months in prison for sabotaging labour union activities. Lee and about 25 other defendants were...

The Senate President, Ahmed Lawan has said the Senate is set to approve the USD30 billion proposal forwarded to it  by President Muhammadu Buhari. He disclosed this on Monday in Abuja. The previous Senate...

Boeing has announced in a statement that it is temporarily halting production of its grounded 737 Max but it could not say when the production will possibly resume. The Max, which was Boeing’s bestselling...

A Federal High Court sitting in Abuja on Monday has ordered the transfer of Soku oil field from Bayelsa State to Rivers State. Justice Inyang Ekwo, ordered the National Boundary Commission to rectify the...

The Managing Director of May & Baker Plc., Mr. Nnamdi Okafor, has said that the ban by the Federal government on the production and distribution of codeine-based cough syrup has caused the company...

A critical step towards the realization of the Train 7 Project of the Nigeria Liquefied Natural Gas (NLNG) was taken Friday in Abuja with the signing of a Gas Supply Agreement between the company and...

China and the U.S. have reached an agreement on the text of a phase one trade deal and will now move toward signing a deal as quickly as possible. Under the accord, the U.S. will scrap tariffs on Chinese...

The Nigeria Civil Aviation Authority (NCAA) has ordered Turkish Airlines to suspend its operations into Nigeria. This was disclosed in a letter from the Acting Diriector-General of the NCAA, Abdullahi...

The Nigerian Gas Company (NGC), the gas transportation subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at expanding its footprint in the nation’s gas sector and, in turn,...

The Central Bank of  Nigeria (CBN) is set to increase the Loan/Deposit Ratio of banks to 70% in 2020. This was disclosed by the Deputy Director, Financial Policy & Regulation Department, CBN, Hassan...

The Nigerian National Petroleum Corporation (NNPC) has laid out steps to mitigate the ragging twin menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas Industry. Speaking...