Nigerian inter-bank lending rates were flat at an average of 12 percent this week as a slow down in foreign exchange demand and the repayment of...
Oil trader Vitol has won a tender to supply Indian Oil Corporation with at least three million barrels of West African crude oil, trade sources said....
A Russian firm has dragged the Federal Government to the International Court of Arbitration, London, over the ownership of the Aluminum Smelting Company of Nigeria (ALSCON)...
BY OMOH GABRIEL THE International Monetary Fund, IMF, yesterday, cautioned Nigeria against expansionary fiscal policies, given the uncertainty that still pervades the global economic scene just...
Nigeria’s First Bank will pursue an “aggressive” expansion strategy into next year as it seeks to tap into the growing consumer market in Africa’s most populous...
Royal Dutch Shell expects to lift a force majeure on two grades of Nigerian crude oil by the end of November, a top official said on...
Nigeria is concerned that oil and gas prices could fall as more countries uncover reserves and sees the need to make plans to adapt to this...
By Omoh Gabriel Tales and stories sometimes appear to many as one and the same. While stories are told somehow by those who have experienced or...
Full Text of Nuhu Ribadu’s Oil Subsidy Report INTRODUCTION Report of the Petroleum Revenue Special Task Force We have pleasure in reporting the conclusion of the...
The International Monetary Fund (IMF) says the Federal Government needs to curtail spending to avoid putting pressure on the crude oil benchmark. Mr Scott Rogers, IMF’s...
