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

Tesla CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to

Stakeholders in the public finance accountability space in Nigeria on Thursday bemoaned the inability of the country to benefit from the exploitation of its natural resources, especially with skyrocketing oil

The federal government has explained why the $3.1 billion contract for complete automation of the Nigeria Custom Service (NCS) approved by the Federal Executive Council (FEC) in 2020 was reversed.

The world’s richest man appears to have had it with this whole working-from-home business. Elon Musk, chief executive officer of Tesla Inc., weighed in on the return-to-office debate Wednesday on

Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote has advised Nigeria’s federal government to introduce a single-digit tax regime to encourage investments in the downstream and

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, has said Nigeria lost about N434 billion (about $1 billion) to oil theft between January

With Nigeria’s fuel subsidy payout averaging N500 billion monthly, total expenditure on subsidy could hit a record N6 trillion mark by year-end, the International Monetary Fund (IMF) warned on Monday.

Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months as traders priced in expectations that the European Union would eventually reach an

Managing Director/Chief Executive of Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji, has said the investment authority has no plan to re-dominate its assets from the United States dollar into

Nigeria’s federal government said new policies and innovations to alter existing procurement value chain for improved procurement and budget implementations have been introduced. It said the revised methods included Request

The world’s richest man, Elon Musk has revealed that the Nigerian Communications Commission (NCC) has issued its firm, Starlink Internet Limited, with two licences to operate in Nigeria. Starlink Internet

  The African Development Bank (AfDB) has embarked on the designing of youth entrepreneurship investment banks in 13 African countries, including Nigeria, even as it disclosed that it had obtained

Nigeria’s low crude oil production means the country is barely able to cover the cost of imported petrol from its oil and gas revenue, the Minister of Finance, Budget and

World’s richest man, Elon Musk has been sued by Twitter Inc. investors, claiming he manipulated the company’s stock price downward when he mounted a $44 billion takeover bid for the

Glencore, a mining and commodities trading firm has agreed to pay over $1.1 billion for various infractions, including paying bribes to several African countries to get mouth-watering crude oil purchase

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