African Independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia’s largest private oil company, for Block CI-504 in...
Boards of Governors of African Development Bank (AfDB) and of the African Development Fund (ADF) announced the return of the AfDB to its headquarters in Abidjan, ...
The Central Bank of Nigeria (CBN) has commenced arrangements for the start off of its cashless policy in Abuja and five other states of the federation....
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force...
Former South African President, Mr. Thabo Mbeki said that African leaders launder about $50 billion into foreign banks annually. Mbeki made the revelation in Abuja Nigeria....
The hunt for Royal Dutch Shell’s next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last...
Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The share of citizens Nigerians...
The Central Bank of Nigeria (CBN) has retained the lending rate at 12 per cent, the Governor, Malam Sanusi Lamido Sanusi, said. Sanusi stated this on...
The Nigeria Sovereign Investment Authority, NSIA, has disclosed the allocation of its $1 billion (about N155 billion) take-off of capital to the three statutory funds through...
The naira eased against the U.S. dollar on the inter-bank market on Wednesday as strong demand from importers of fuel and other goods drained liquidity in...
President Goodluck Jonathan has approved the appointment of new chief executive officers for three parastatal agencies. The appointees are Mr Benjamin Dikki, Director-General, Bureau of Public Enterprises; Mr...
The Debt Management Office has said that Nigeria will continue to maintain a debt to Gross Domestic Product threshold of 40 per cent considering the economic...
Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a bearish note with the major equities recording price losses. The market indices recorded...
—-oil revenue exceeded budget estimate —-non oil revenue drops By Omoh Gabriel The total federally collected revenue stood at N2. 425.3 trillion in the first three...
The World Bank has said that it would commit one billion dollars to support Nigeria’s agricultural sector in the next five years. Ms Marie-Francoise Marie- Nelly,...