A tripartite deal between the European Union, Egypt and Israel on natural gas exportation has been signed. The EU bloc has been seeking a way to diversify sources of energy

Still struggling with its oil production quota, the Organisation of Petroleum Exporting Countries (OPEC) on Tuesday revealed that Nigeria reported a paltry 1.024 million barrels per day production in May,

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele would address the maiden summit on Non-oil Exports under the Race to $200 billion in Foreign Exchange (FX)

Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Tuesday expressed concern that the federal government’s continuous retention of the controversial fuel subsidy regime was hurting Nigeria’s

“Squid Game” is officially coming back. Netflix announced Sunday that the wildly popular South Korean show is green lit for a second season. “And now, Gi-hun returns,” director, writer and

Amazon says it will begin delivering parcels to shoppers by drone for the first time later this year, pending final regulatory approval. Users in the Californian town of Lockeford will

Nigeria’s crude oil output has plunged to new low in recent weeks hit by pipeline closures and maintenance at major fields, an S&P Global industry report has indicated. A senior

Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity analysts is anything to go by. In

The Central Bank of Nigeria (CBN) has said it is set to introduce the Unstructured Supplementary Service Data (USSD) code as part of steps to improve the Central Bank Digital

The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged

Nigeria emerged West Africa’s largest recipient of Foreign Direct Investment (FDI), with its flows doubling to $4.8 billion, mainly due to a resurgence in investments in the oil and gas

Nigeria’s total public debt stock, comprising the debt obligations of the federal government, states and the Federal Capital Territory (FCT) rose from N39.56 trillion in December 2021 to N41.60 trillion

Two brothers from the wealthy Gupta family have been arrested in the United Arab Emirates, the South African government has announced. Atul and Rajesh Gupta are accused in South Africa

Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake

The proposed national carrier for Nigeria, Nigeria Air will receive its Air Transport Licence (ATL) from the Nigerian Civil Aviation Authority (NCAA) today in preparation for it to start operation

Stakeholders in Nigeria’s power sector have warned that the sector faces imminent collapse as a results of a myriad of challenges. Speaking with journalists om Sunday, they highlighted the acute

Nigeria’s federal government on Saturday explained that the drop in electricity generation was a result of the partial shutdown of the Oben gas plant for the repair of critical gas

Nigeria’s federal government has suspended plans to raise about $950 million in overseas bonds, as a result of unfavourable market conditions during the timeframe approved for the fundraising, the Minister

President Muhammadu Buhari on Thursday in Madrid, Spain, met with two Spanish companies doing business in Nigeria and assured them of a safe, secured and prosperous Nigeria for businesses to

For the first time since April 2020, when the Covid-19 pandemic hit the global oil industry, the Organisation of Petroleum Exporting Countries (OPEC) on Thursday increased Nigeria’s production quota to