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Forbes, the American business magazine has ranked Nigeria as the 110th best country for doing business in the world and 14th best on the African continent. The magazine said it compiled the list by rating...

Nigeria’s external reserve has leaped to $43.195 billion as of December 28, 2018, indicating an 11 percent increase from the $38.912 billion it was as of January 2, 2018. This represents an increase...

The Federal Government has paid a total amount of $5.4billion to states for the settlement of the Paris Club Refund. Disclosing this to newsmen in Abuja on Monday, the Minister of Finance, Mrs. Zainab...

The Federal Government of Nigeria says should the prices of oil continue to dip, it may be difficult for the country to fund next year’s ₦8.73 trillion budget. This is as Brent declined 2.01 per cent...

The Nigerian National Petroleum Corporation (NNPC) says there is nothing illegal in its making  withdrawals from the Nigerian Liquefied Natural Gas (NLNG) Dividend Account. According to a statement released...

Oil marketers in Nigeria have given the Federal government a seven-day ultimatum to settle outstanding debts it owes them failing which depots across the country will cease to operate. The marketers, comprising...

Nigeria’s Department of Petroleum Resources (DPR) says there may be a bleak future ahead for Nigeria’s oil and gas industry as the world is shifting more attention to renewable energy sources. The...

Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that the plan to get the nation’s ailing refineries to work at almost full capacity before 2019 is no longer achievable. Kachikwu...

Global Witness, a campaign group says the Federal Government of Nigeria has lost an estimated sum of $6 billion from the ‘corrupt’ Malabu oil deal linked to Eni and Shell. This is even as a Milan court...

The Nigerian Governors Forum (NGF) on Wednesday said that the only way they can afford the ₦30, 000 minimum wage recommended by the Tripartite Committee On The Review Of Minimum Wage was to downsize...

The National Agency for Food and Drug Administration and Control (NAFDAC) says about 80 percent of the equipment belonging to the agency has not been functioning. Director-General of NAFDAC, Prof. Mojisola...

The Consul-General of the United States High Commission in Nigeria, Mr. John F. Bray on Monday said American businesses in the country valued at $1.3 billion are currently being threatened. Speaking in...

A recent report from the Nigerian National Petroleum Corporation (NNPC) says the production of natural gas in the country has risen by over 8 percent since June this year. The report disclosed that during...

Although it is no longer news that Nigeria is the ‘world’s poverty capital’ with over 86.9 million people living below the poverty line, what is new is that over 1.1 million Nigerians have...

The Asset Management Corporation of Nigeria (AMCON) has released the list of what it called delinquent debtor firms who  owe it ₦906,109,840,662.99 in total. In an advertorial which was published on...

Nigeria, Africa’s largest economy has moved up 10 places in the recent Global Competitiveness Report released by the World Economic Forum (WEF) on Wednesday. According to the report, Nigeria improved...

The Nigerian Senate has called on the country’s apex financial institution, the Central Bank of Nigeria (CBN) to look into the Automated Teller Machine (ATM) maintenance and withdrawal charges by banks...

Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu says the country is currently going through a full-blown energy crisis that could linger for a long time if it fails to articulate...

  Nigeria’s Minister of State for Petroleum, Ibe Kachikwu says all refineries in the country will be fully functional before the end of 2019 as the country’s current administration remains committed...

The Federal Government of Nigeria has increased the gas flare penalty from ₦10 per thousand standard cubic feet of gas to $2 or ₦612.8 (at the official exchange rate of N306.4 to one dollar) per thousand...