Although it undershot the 1.701 million bpd Organisation of Petroleum Exporting Countries (OPEC) output cut in January 2022, Nigeria was able to ramp up production to the tune of 202,000

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday announced a new programme to stimulate the country’s non-oil exports and achieve $200 billion repatriation of

The African Continental Free Trade Area (AfCFTA) Secretariat and the African Export-Import Bank (Afreximbank), on Wednesday in Cairo, signed an agreement on the management of the AfCFTA Adjustment Fund (ADF)

The Nigerian National Company Limited (NNPC) on Wednesday stated that its investigation has revealed the presence of Methanol in four petrol cargoes imported by MRS, Emadeb/Hyde/AY Maikifi/Brittania-U Consortium, Oando and

Following the supply of a wrong specification of petrol in some parts of the country, and its subsequent removal in compliance with a government order, long queues have once more

Fitch Solutions, an affiliate of global rating agency, Fitch, has predicted that Nigeria’s weak performance in the oil and gas sector may continue to slow down the country’s economy in

Credit Suisse will face charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases.

After a long break due to a frosty relationship between the United Arab Emirates (UAE) and Nigeria, the Emirates Airline on Saturday resumed operations in Nigeria with its Flight EK783

Oil prices continued their surge on Saturday, sending one of Nigeria’s most valued grades, Bonny Light to $95 and Algeria’s Sahara Blend to $97.48, in an obvious push towards the

A day after Facebook owner Meta Platforms (msuffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value.

In a big hindrance to Nigeria’s hope of raising its poor daily oil production, Shell has said it would delay expansion work at its Nigerian offshore Bonga field by another

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has commenced an investigation into the circumstances surrounding the explosion of a Floating Production, Storage and Offloading (FPSO) vessel in Warri,

Nigeria’s House of Representatives has begun moves to transfer assets belonging to the defunct Nigerian National Petroleum Corporation (NNPC) to the newly established Nigerian National Petroleum Company Limited, in line

Nigeria’s federal government has explained that proceeds of the N250 billion sovereign Sukuk issued last December by the Debt Management Office (DMO) would be released as part of the 2021

The Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has expressed optimism that with the various initiatives being implemented by the company in the

Nigeria’s Federal Executive Council (FEC) has approved contracts worth $328.87 million in consultancy services for the supervision of the various railway projects in the country. FEC also approved N115.4 billion

The Lagos Deep Offshore Logistics Base (LADOL) Group and Samsung Heavy Industries (SHI) Nigeria, on Wednesday signalled an end to their five-year hostility, which had cost the economy substantial fortune

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday inaugurated the ultra-modern 420 metric tons per day capacity rice milling factory in Kano State. Speaking at the

Nigeria’s Minister of Petroleum Resources, Mr Timipre Sylva, on Tuesday expressed doubts over Nigeria’s daily petrol consumption figures, describing them as crazy and opaque. The minister who appeared on the

One of the leading global ratings agencies, Moody’s has predicted that the phased removal of subsidy paid on petrol in Nigeria will pose challenge to incoming government. In its latest