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Nearly 2,000 petrol outlets were shut in Nigeria’s northeast to protest against an anti-smuggling operation by the Nigerian Customs Service that targeted some operators, the local...
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the...
Edo State Governor, Mr. Godwin Obaseki, has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services, noting that...
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, has resumed production after it shut down following...
The Nigerian Air Force (NAF) says the air component of Operation Delta Safe has destroyed 13 illegal refining sites and seven Cotonou boats in Rivers, Bayelsa,...
The Nigerian Communications Commission (NCC) says 100 per cent of the SIM cards used in the country are manufactured locally. Babagana Digima, the head of new...
As food inflation continues to bit harder, Central Bank of Nigeria CBN, saysNigeria’s headline month-on-month inflation rate slowed for a third time in a row in...
IMF, WBG said said that Madagascar will be the first country benefitting from the Framework in the context of the Resilience and Sustainability Facility (RSF) arrangement...
Nigerian Financial Intelligence Unit (NFIU) has alerted the public of the increasing activities of fraudsters including some that approached it to help it recover as huge...
During the holiday shortened week, selloff in MTNN (-2.67%w/w), ZENITHBANK (-0.28%w/w), TRANSCOHOT (-9.98%w/w) were the primary drivers of the weak performance of the broader index, offsetting...
Central Bank of Nigeria (CBN) has hosted a dialogue between the Organised Private Sector (OPS) and the Bank’s leadership to explore strategies for enhancing Nigeria’s financial...
Multinational energy corporation Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11 in Equatorial Guinea- representing...
The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital...
Two U.S. lawmakers have urged the United States embassy in Nigeria to seek the release of jailed Binance executive Tigran Gambaryan on humanitarian grounds because he...
Crude oil prices held near a seven-week high on Friday as the market balanced signs of improving U.S. demand and falling oil and fuel inventories versus...