The Nigerian Ports Authority (NPA) has flagged off the first non-oil export processing terminal, situated in Ibeshe-Ikorodu, Lagos State. The Ibeshe-Ikorodu facility is designated as EssLibra Terminal. The EssLibra Terminal

Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day last month, the gap between

Nigeria’s energy transition agenda, in line with global direction received a boost on Thursday at the CERAWeek energy conference in Houston, Texas, as the United States’ Government indicated interest in

Nigeria’s Minister of State, Petroleum Resources, Mr Timipre Sylva, on Thursday called on the United States Government to provide funding support for Nigeria to develop its natural gas resources. The

Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Mele Kyari, on Thursday assured Nigerians that the company would work with relevant authorities to ensure that the

As oil prices soar to record levels, many Nigerians, ordinarily, would expect that their country would be raking in billions of dollars and realising accretion in external reserves, as was

Nigeria’s federal government on Wednesday said it was yet to appoint any bidder for the proposed Nigeria Air even as it stated that it had at no time selected nor

The Nigerian Content Development and Monitoring Board (NCDMB) and the Senegalese Petroleum Industry have agreed to sign a Memorandum of Understanding (MoU) on Nigeria’s support for the development of local

On Wednesday, a major development occurred in the aviation industry as Nigerian airlines namely: Air Peace, Azman Air, United Nigeria Airline, Arik Air, Aero Contractors and Max Air announced an

Worried about the present challenge being faced by airline operators following the hike in the price of aviation fuel, the House of Representatives will on Thursday meet with the Group

The Nigerian government on Wednesday called on the Turkish authorities to look at the prospect of funding major oil and gas projects in the West African country, against the backdrop

McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric __ ubiquitous global brands and symbols of U.S. corporate might __ all announced Tuesday they were temporarily suspending their business in Russia in

Russia has said it may close its main gas pipeline to Germany if the West goes ahead with a ban on Russian oil. Deputy Prime Minister Alexander Novak said a

The United States has said it is proud to be one of the largest foreign investors in Nigeria as leading American brands expand their investment portfolio, providing job opportunities and

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday disclosed that the African Export-Import Bank (Afreximbank) had invested more than $42 billion in support of African businesses between 2016

Africa’s global bank, the United Bank for Africa (UBA) Plc has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics.

The price of international benchmark, Brent crude oil traded nine per cent higher to close at $128.60 per barrel on Sunday, the highest price seen since 2008 as the market

The massive superyacht Dilbar stretches one-and-a-half football fields in length, about as long as a World War I dreadnought. It boasts two helipads, berths for more than 130 people and

  U.S. payments firms Visa Inc (V.N) and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients and