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Nigeria’s Federal Executive Council (FEC) has approved $1.5 billion (about N600 billion) for the rehabilitation of the Port Harcourt Refinery. The FEC approved the amount at its virtual meeting held...

Nigeria’s unemployment rate has increased from 27.1% to 33.3% in the fourth quarter of 2020. This was disclosed in the Labour Statistic Report released by the National Bureau of Statistics (NBS) on Monday. “The...

Nigeria’s inflation rate rose to 17.33% in February 2021, from 16.47% recorded in the previous month. This represents the highest inflation rate recorded in four years. This is according to the latest...

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange...

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange...

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Tuesday, arrived at the Senate over the ban placed on cryptocurrency in the country. Reports have it that Emefiele was at the National...

In a bid to actualize its policy on skills acquisition and youth empowerment, the administration of Governor Ifeanyi Ugwuanyi of Enugu State has called for applications from qualified candidates for appointments...

The Nigeria National Petroleum Corporation (NNPC) has welcomed with delight the news of the appointment of Dr. Orji Ogbonnaya Orji as the Executive Secretary of Nigeria Extractive Industries Transparency...

The rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. The same Bitcoin just one year ago would have cost you $10,000. The...

AstraZeneca, the British maker of a Covid vaccine with Oxford University, said Thursday its 2020 net profit more than doubled to $3.2 billion thanks to strong sales growth of cancer drugs. Profit after...

The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production...

Seplat Petroleum Development Company Plc, the operator of the NPDC/SEPLAT Joint Venture assets, OMLs 4, 38 & 41, in partnership with the Sapele Okpe Community in Delta State, has expanded access to...

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October...

Oil prices climbed back to their pre-pandemic levels on Monday, after hitting an all-time low last year, surging to $60 (£44) a barrel. Prices have been boosted thanks to rising demand across the world,...

The Central Bank of Nigeria (CBN) has directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. In a circular dated February 5, 2021, the CBN...

In the frenzy to grab the opportunity of getting free meters under the new free mass metering programme, many unmetered customers may have become easy preys to scammers. The Enugu Electricity Distribution...

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced that its Incorporated Joint...

The Nigerian  Federal Executive Council (FEC) has approved a National Quality Control policy for exports. Minister of Industry, Trade and Investment, Otunba Niyi Adebayo disclosed this development while...

The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN) has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5% This was disclosed by the Governor of the bank, Godwin...

The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 per cent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure...