The Airline Operators of Nigeria (AON) has served notice of ceasing operations on Monday, May 9, over the high cost of aviation fuel otherwise known as JetA1. In a statement

Many Nigerian airlines were shocked on Thursday when they were informed by oil marketers that aviation fuel had risen from N500 per litre to N680 per litre. Owing to this,

Africa’s richest woman and Vice-Chairman of FAMFA Oil Limited, Mrs. Folorunso Alakija, has stated that current reforms in the oil and gas sector are expected to have a far-reaching impact

The Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ on Thursday agreed to stick to last year’s plan to gradually release just over 400, 000 barrels

A United States Senate committee passed a bill on Thursday that could expose members of the Organisation of the Petroleum Exporting Countries (OPEC) like Nigeria and partners to lawsuits for

Dubai has emerged as a haven for wealthy Russians fleeing the impact of western sanctions over the war in Ukraine. Russian billionaires and entrepreneurs have been arriving in the United

Nigeria’s Minister of Foreign Affairs, Geoffrey Onyeama has said that the African Continental Free Trade Area (AfCFTA) would be ia “game changer” as it is going to be the largest

Turkey’s annual inflation jumped to a two-decade high of 69.97% in April, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy and commodity prices after last

  The Nigerian Exchange Limited (NGX) opened the holiday- shortened week to extend gains from last week as the All-Share Index crossed the 50,000 basis points psychological mark, the highest

The Nigerian Communications Commission (NCC) has confirmed the issuance of final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications, winners of the 3.5

As the 2020 marginal oil field awardees currently struggle to raise fund to commence the development of their respective assets and eventually hit first oil production, some industry experts have

Nigeria’s Minister of Information, Alhaji Lai Mohammed, has said the Lekki Deep Sea Port when completed would make Nigeria regain the maritime business that it lost to ports in Togo,

The few small-scale refineries operating in Nigeria are facing a huge challenge of crude oil supply, as the Nigerian National Petroleum Company (NNPC) Limited continues to focus on exporting the

AFEX, Nigeria’s commodities market player and the country’s first private sector commodities exchange, has been listed on the Financial Times (FT) ranking of Africa’s Fastest-Growing Companies in Agriculture Commodities category

Nigeria bought emergency supplies of Canadian potash in April after the country was unable to import the key fertiliser ingredient from Russia due to the impact of Western sanctions, the

  Nigeria, Libya and a handful of African countries again hobbled the projected oil production plan by the Organisation of Petroleum Exporting Countries (OPEC) in April, failing to meet the

  The International Monetary Fund (IMF) has warned that debt vulnerabilities remains elevated in Sub-Saharan Africa, with no fewer than 20 countries in the region either at high risk of

Deposit money banks (DMBs and merchant banks borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) dropped year-on-year (YoY) by 66 per cent to N1.49 trillion in

A new report by Renaissance Capital (RenCap), a frontier market investment company, has stated that despite crude oil prices at over $100 per barrel, the impact on Nigeria’s fiscal position

The stock market segment of the Nigerian Exchange Limited (NGX) has gained N4.46 trillion in its year-to-date (YtD) performance, outperforming the Egyptian Exchange, the Johannesburg Stock Exchange, the Ghana Stock