The African Refiners and Distributors Association (ARDA) has said Nigeria and other African countries would need at least $15.7 billion to upgrade existing refineries in their bid to reduce sulphur

After holding the Monetary Policy Rate (MPR) constant at 11.5 per cent for about two and a half years, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria

The cost of importing petroleum products of all kinds into Nigeria has soared to over $28 billion on an annual basis, Blackgold Energy Authorities, an oil and gas consulting and

The Nigerian National Petroleum Company Limited (NNPC) Limited and it’s Joint Venture (JV) partner, Sahara Group, on Monday took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, Sunday said the bank would lend $500 million to women this year. He added that the bank also paid

Most Nigerians are no longer able to afford major expenditure on discretionary or non-essential goods and services as inflation has continued to take its toll on their purchasing power, a

The Central Bank of Nigeria (CBN) on Saturday debunked reports that it planned to replace the conventional Naira notes in circulation with digital currency, otherwise known as the eNaira, in

Infrastructural challenges facing rural communities in Nigeria should ease, as solar energy system with a 20-year lifespan arrives in the country. According to the Managing Director, E-Cube, Ilan Lugassy, the

Politicians stocking up dollars ahead of political parties’ primary elections over the weekend have driven the naira to a new low of N600 to a dollar on the parallel market.

Vice President, Prof. Yemi Osinbajo, on Wednesday said Nigeria is confronted with unprecedented leakages in tax administration. He said the situation had threatened fiscal stability in all the tiers of

Nigeria’s federal government has declined its consent to the proposed acquisition of oil and gas assets belonging to Mobil Oil Producing Nigeria Unlimited (MPNU) by Seplat Energy. The government among

Africa’s multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a deal with the African Petroleum Producers Organisation (APPO) for the creation of an energy bank. The deal

President Muhammadu Buhari has disclosed that Nigeria would deploy more investments aimed at the provision of infrastructure and facilities for safe, secure, environmentally friendly and sustainable civil aviation. This is

The Executive Chairman, Nigeria’s Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has commended 20 top-performing taxpayers whose compliances to tax obligations helped the service surpass its N6 trillion tax

Nigeria’s federal government has disclosed that French oil major, TotalEnergies EP Nigeria Limited, has invested almost $30 billion in Nigeria’s oil and gas sector within the space of eight years.

As the Nigerian National Petroleum Company Limited (NNPC) continues to default in its contribution to the federation account, Saudi Aramco, owned by the Saudi Arabian government on Sunday posted an

Elon Musk on Saturday tweeted that Twitter Inc’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on

The apex regulator of Nigeria’s capital market, the Securities and Exchange Commission (SEC), has issued fresh guidelines on the issuance and custody of digital assets in the country, a move

Billionaire Elon Musk has said his Twitter deal is “temporarily on hold” over the company’s spam and fake user accounts. Mr Musk, who last week secured $7bn from new investors