President Joe Biden on Tuesday ordered a record 50 million barrels of oil released from America’s strategic reserve, aiming to bring down gasoline and other costs, in coordination with other

Nigeria’s President Muhammadu Buhari on Tuesday directed the immediate suspension of the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC) scheduled for Wednesday until

The Vice President, Prof. Yemi Osinbajo has said the plan by the multinational beverage company, Coca-Cola, to invest $1 billion in Nigeria in the next five years testifies to the

Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, U.S. securities filings showed

Nigeria’s Federal Government has shut down operations at Santa Barbara oilfields. A signed statement on Tuesday by the Director, Press and Public Relations, Ministry of Environment, Saghir el Mohammed, said

Nigeria’s biggest flour maker, Flour Mills has announced an agreement to acquire Honeywell Group’s portfolio company, Honeywell Flour Mills PLC (HFMP), for 80 billion Naira. The agreement which was disclosed

The compliance by members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies known as OPEC Plus (OPEC+) with the group’s crude output restraint agreement edged higher in

The Chief Executive Officer, Nigerian Upstream Regulatory Petroleum Commission (NURPC), Mr. Gbenga Komolafe, at the weekend, reiterated that the Petroleum Industry Act (PIA) has ushered in a robust fiscal regime,

Felix Tshisekedi, president of the Democratic Republic of the Congo (DRC), has demanded a ban on issuing and trading mining permits until the country’s mining registry has been audited, a

Tesla drivers say they have been locked out of their cars after an outage struck the carmaker’s app. Dozens of owners posted on social media about seeing an error message

Emirates Airline says it is keen to resume flight operations in and out of Nigeria, as recent discussions by the federal government and United Arab Emirates (UAE) have signalled a

Contrary to the federal government’s plan to remove subsidy on petrol in the second half of next year, the International Monetary Fund (IMF) has advised the Nigerian government to fully

  South African Airways says it is set to resume its Johannesburg-Lagos route after suspending flights to Nigeria for about 18 months. SAA has said “it plans to re-start” the

Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday disclosed that given the rising population and limited geographical space of the state, Lagos will require about $15 billion over the next

The Nigerian Content Development and Monitoring Board (NCDMB) has stated that Nigeria’s current proven gas reserve which stands at 206 trillion cubic feet (tcf) would last another 50 years even

The Nigeria Meteorological Agency (NIMET) has warned pilots and airlines that starting from November 18, the inclement Harmattan weather could descend on Nigeria’s airspace, advising them to abide by weather

Oil prices slide to six-week lows on Thursday as China said it was moving to tap its reserves and the United States signalled that it may open up its special