The International Monetary Fund (IMF) has warned that economies with large external debts could be vulnerable to financial crises and deep recessions when capital flows out. The IMF stated this

With Russia now becoming a pariah nation, the Organisation of Petroleum Exporting Countries (OPEC) said Wednesday that it would be difficult to compensate for the country’s production if it is

Air France-KLM and its Dutch subsidiary KLM on Wednesday lost their challenge against million-euro fines re-imposed by EU antitrust regulators five years ago for taking part in an air cargo

Nigeria’s Minister of Aviation, Senator Hadi Sirika has insisted that the planned national carrier which is billed to commence operation later this year would be private sector driven as the

President Muhammadu Buhari has faulted the nation’s current multiple and overlapping tax system saying it’s inefficient and creates uncertainty and instability. He therefore canvassed for efficient tax administration to boost

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, on Monday said the Nigerian economy had weaned itself off total dependence on oil revenues,

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Monday, reiterated that he was currently focused on achieving a robust monetary policy and fighting inflation, which he stressed

Akwa Ibom State government in Nigeria’s South-South has criticised Mobil Producing Nigeria (MPN) Unlimited, a subsidiary of ExxonMobil over its recent attempt to sell off some of the state’s assets

Fourteen Nigerian governors have arrived Dubai, United Arab Emirate (UAE) for an Annual Investment Meeting, starting Tuesday, March 29. The gathering is expected to witness a highly engaging interaction, which

Following the war between Russia and Ukraine, which is threatening the supply of gas to European countries by Russia, the Minister of State for Petroleum Resources, Mr Timipre Sylva, has

The Nigerian Civil Aviation Authority (NCAA) has said that it will sanction airlines against price fixing or any gang up by local and international carriers to fix price of flight

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday met with Independent Petroleum Producers Group (IPPG) and the Oil Producers Trade Section (OPTS), the groups that form the core of

Nigeria’s Liquefied Natural Gas (LNG) exports edged up in December 2021, compared with a year earlier and was the highest since September 2020,. Specifically, the country exported 2.62 billion m³

President Muhammadu Buhari inaugurated the $2.5 billion Dangote fertiliser plant on Monday in Lagos, with an assurance that the country was poised to end its massive dependence on imported agricultural

As Nigeria’s economy continues to bleed from the negative impact of crude oil theft, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday disclosed that it had set up a

The Manufacturers Association of Nigeria (MAN) has appealed to the federal and state governments to protect industries from the erratic power supply and hike in price of diesel across the

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Monday lamented the unprecedented rate of oil theft recorded in recent times and its debilitating effect on government

A Co-founder and former Chief Executive Officer of Seplat Energy Plc, Mr. Austin Avuru has called for a state of emergency in the Nigerian oil and gas sector, revealing that

The Nigerian National Petroleum Company (NNPC) Limited has attributed the inability of existing private modular refineries in the country to produce petrol to the regulation of the price of the