The Niger Delta Power Holding Company (NDPHC) has announced a shutdown of the Alaoji Power Plant in Abia State following the vandalisation of the plant’s gas supply pipeline belonging to

The International Monetary Fund (IMF) advised emerging economies such as Nigeria to prepare for the United States’ interest rate hikes, warning that faster than expected Federal Reserve hike could rattle

The battle by INTELS Nigeria Limited to retain its service boat contract in the pilotage district of Lagos, Warri, Bonny, Port-Harcourt and Calabar, which expired on August 8, 2020, has

Although still early in the year, oil prices has started off 2022 on a positive note, defying experts’ prediction of a ballooning surplus, instead surpassing $80 a barrel at the

The Nigerian Exchange Limited (NGX) kicked off the first trading week of 2022 on a positive note as its market capitalisation gained N1.33 trillion. This followed foreign investors’ and high

The Nigerian Electricity Regulatory Commission (NERC) generated approximately N938.5 million from fees collected from importers of generators and other internal revenue sources from June 2020 to June 2021, an analysis

Conservative U.S. Supreme Court justices on Friday questioned the legality of President Joe Biden’s pandemic-related vaccine-or-testing mandate for large businesses but appeared more receptive to his administration’s vaccine requirement for

President Muhammadu Buhari has mandated the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited, to ensure that the firm focuses on profitability and operates at par with

Citigroup Inc on Friday told its staff that it would terminate employees who are unvaccinated as of Jan. 14, enforcing a policy previously announced last year, according to a source

Royal Dutch Shell has placed more of its onshore oil assets in Nigeria for sale with at least five Nigerian oil and gas companies preparing to submit their respective bids

Some members of Nigeria’s organised private sector on Thursday kicked against the federal government’s introduction of an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages

Nigeria’s federal government on Wednesday disclosed that henceforth it would charge offshore companies providing digital services to local customers in Nigeria a six per cent tax on turnover as provided

Travel industry groups have called for all remaining Covid restrictions on travellers to be removed in the latest government review. With data last week suggesting one in 25 people in

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has reiterated the need for extensive structural reform this year to fast-track the country’s economic growth. Emefiele stated this in his

At a conservative price of $70 per barrel, Nigeria might lose as much as $1.085 billion in February as a result of its likely inability to meet its production oil

In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical

Apple Inc. on Monday became the first company with a $3 trillion stock market value, lifted by investors’ confidence that the iPhone maker will keep launching best-selling products as it

Oil prices remained bullish on Monday rising above $79 per barrel, spurred mainly by tight supply and hopes that demand would further recover in 2022 as well as the shutting

Nigeria’s federal government will on Tues commence the collection of income tax on bonds and short-term securities. This followed the expiration of a 2012 gazette which exempted Companies Income Tax

Nigeria’s desire to continue reaping the benefits of its oil and gas resources before the world fully embraces renewables may face serious headwinds this year, with the global finance community