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...

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...