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Nigeria’s crude oil production including condensate has taken a dip, falling to 1.999 million barrels per day (bpd) in January 2019 from the 2.081 million bpd in December last year. The recent figures...

A professional forum comprising of Nigerians resident in the United States has put measures in place to attract an estimated $3 billion investment into the Nigerian economy in the next three years. The...

According to a recent report, foreign investors pulled out a total of ₦642.65 billion from the Nigerian stock market in 2018, compared to  ₦435.31 which was withdrawn in 2017. The Nigerian Stock...

The Government of India and Nigeria have concluded arrangements to sign  a bilateral Air Services Agreement (BASA) before the end of next week. The agreement is expected to ease the problems faced by...

President Muhammadu Buhari has slashed the budget of the National Assembly by ₦14.5 billion. The President proposed the sum of ₦125 billion for the lawmakers in the 2019 budget proposal as against...

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...