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...

The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, has appointed Nigeria’s two-term Minister of Finance and former Managing Director (Operations) of the World...

The NNPC Retail Ltd., one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has clarified that all its filling stations across Nigeria were selling premium motor spirit...

The Board of the Federal Inland Revenue Service (FIRS) has approved the appointment of four Coordinating Directors (CD) and two Group Leads (GL) in acting capacity and retired some directors. This was...

The Central Bank of Nigeria (CBN) has announced  that the apex bank would support critical sectors of the economy with N1.1 trillion intervention fund. CBN Governor, Godwin Emefiele made the disclosure...

The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry. The Group Managing...

The Central Bank of Nigeria has announced six initial policy responses to combat the impact of the Covid-19 scourge on the Nigerian economy. The measures are: Extension of moratorium on loans, interest...

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that as a National Oil Company, it would continue to provide equal opportunity for all staff members to grow their careers irrespective...

Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as oil output increased and the Central Bank took steps to boost credit growth....

South Africa slipped into recession in the final three months of 2019, the country’s statistics bureau said on Tuesday. This is the third contraction to hit the economy since the end of apartheid...

Following the unveiling of its range of lubricants late last year, the NNPC Retail Ltd, one of the Downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has commenced the roll-out...

Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms in the fourth quarter (Q4) of 2019, up from 2.38% growth recorded in the fourth quarter of 2018. This means there was a 0.17% point...

The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered  and returned over N60 billion taken from customers accounts by banks as excessive charges. This was disclosed at a two-day customers...

The Department of Petroleum Resources has said that Nigeria’s crude oil reserves of 37 billion barrels will be depleted in 49 years. According to the agency, oil reserves declined from 37.45 billion...