Africa’s richest man, Aliko Dangote, said mechanical work on his much-awaited crude oil refinery located at the Lekki Free Zone, in Lagos State, had been completed and the facility would

The Central Bank of Nigeria (CBN) has taken a major step to arrest the age-long practice of over-invoicing which dodgy importers and exporters have over the years used to cart

Global equities suffered their biggest decline in more than a year last week, as heavy losses in Netflix shares accentuated a sell-off in tech stocks that spilled into other sectors.

Nigeria’s oil and gas industry may struggle with liquidity challenges in 2022, a new report by Mordor Intelligence, a global market research and intelligence firm, has predicted. The report also

Strong indications emerged that the resumed negotiations between lawyers representing the Ibadan Electricity Distribution Company (IBEDC) and the Asset Management Corporation of Nigeria (AMCON) have put paid to the attempted

Airbus has cancelled a $6bn contract with Qatar Airways for 50 of its new A321neo passenger jets, escalating a legal battle between the two companies over paint on the recently

The Central Bank of Nigeria (CBN) on Friday said effective February 1, 2022, all import and export operations would require the submission of an electronic invoice (e-invoice) authenticated by Authorised

International airlines are beginning to cancel scheduled flights to most cities in the Unites States over fear of 5G network interference on aviation signals around most US cities. The flight

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NURPC), Mr. Gbenga Komolafe on Wednesday confirmed that the Nigerian National Petroleum Company Limited (NNPC) has retrieved the Oil

As the COVID-19 pandemic continues to exert heavy strain on the global economy, the International Monetary Fund (IMF) is proposing a $50 billion trust fund which could help low-income and

The Nigerian Upstream Regulatory Petroleum Commission (NURPC) on Wednesday disclosed that the 2020 marginal field bid round which was concluded last year so far has yielded about N174.944 billion, with

Airlines across the world, including the long-haul carrier Emirates, rushed Wednesday to cancel or change flights heading into the U.S. over an ongoing dispute about the rollout of 5G mobile

With a daily underperformance figure of 78,000 barrels per day in December, Nigeria lost as much as 2.418 million barrels of crude in the last month of 2021, data released

President Muhammadu Buhari has assured Nigerians that prices of food items, especially rice will soon come down. The president, who gave the assurance on Tuesday, during the official unveiling of

Oil prices traded within striking distance of its seven-year high at $86.71 per barrel on Monday on continuing supply constraints and waning fears among heavy fuel users of another pandemic-induced

Credit Suisse Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the bank said on Monday, raising questions over the embattled lender’s new strategy as it tries to recover

Marketers of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, have decried the continuous rise in the price of the item, saying prices now rise by N550,000 per truck

Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has said with the implementation of the Petroleum Industry Act (PIA), the company will do away

Nigeria’s Supreme Court has set aside its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited. The apex

The inability of Nigeria and other members of the Organisation of Petroleum Exporting Countries (OPEC) to pump enough crude oil has resulted in the overall failure of the group to