Oil prices fell by more than $2 a barrel on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil...
African Export-Import Bank has approved a $200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans. BIL is a...
Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday reached an agreement with Dangote Refinery to lift petroleum products directly. The agreement came after weeks of...
Minister of Solid Mineral Development, Dr Dele Alake, has warned Nigerians to desist from illegal mining activities that are detrimental to their lives, environment and economy....
The Central Bank of Nigeria (CBN) has given banks the nod to trade with tradeable foreign currencies deposited in domiciliary accounts created under the foreign currency...
President National Cashew Association of Nigeria, NCAN, Dr Ojo Joseph Ajanaku, has said that cashew value chain can generate $2.4 billion annually. Ajanaku said the cashew...
Global oil demand is projected to reach 120.1 million barrels per day by 2050, while energy demand will rise 24 per cent during the same period,...
Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in the U.S. Gulf while investors also...
Edo Governor Godwin Obaseki has expressed willingness to answer the Economic and Financial Crimes Commission (EFCC) if invited for any investigation regarding activities of his administration....
The Minister of Power, Adebayo Adelabu, has ordered the TCN and other relevant agencies of the ministry to begin the immediate implementation of the recommendations of...
Transmission Company of Nigeria (TCN) has said that while repairs and improvements are underway in Transmission lines, some degree of instability in the system is likely...
Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of Eni’s Nigerian Agip Oil...
The Network of Edo Lawyers has asked the Economic and Financial Crimes Commission EFCC and the Nigeria Police to freeze the bank accounts of the State...
The Central Bank of Nigeria (CBN) raised a little more than N627 billion from its oversubscribed Treasury bills sales at the primary market auction conducted on...
Nigeria’s commercial capital Lagos on Thursday invited bids for construction of up to 4,000 megawatt (MW) gas-fired power plants to cover a national grid shortfall, seeking...