Nigeria’s crude oil production output hit record low levels in May, the June Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), has shown. The monthly

A new report by Financial Derivatives Company Limited (FDC) has indicated that Nigeria’s oil and gas industry loses as much as $15 billion in investments annually due to the delayed

The Group of Seven richest democracies sought on Saturday to counter China’s growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping’s multi-trillion-dollar Belt and

A mystery bidder has paid $28m (£20m) for a seat on Amazon founder Jeff Bezos’s first crewed spaceflight by the billionaire’s Blue Origin company. This winning bid was made at

The Central Bank of Nigeria (CBN) has unveiled plans to launch a digital currency before December. The Director, Information Technology, CBN, Ms. Rakiya Mohammed, said Thursday during a virtual media

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Thursday admitted that the federal government is exceeding its borrowing plan for 2021, blaming the development on the COVID-19

Nigeria’s federal government has prepared a supplementary budget of N895.84 billion for the provision of COVID-19 pandemic vaccines and military hardware, which it will soon present to the National Assembly.

The Nigerian National Petroleum Corporation (NNPC) on Wednesday predicted that oil price could climb as high as $200 per barrel, as banks and major International Oil Companies (IOCs) withdraw from

A leading civil society organization, Centre for Social Justice (CSJ) has reminded the federal government that Twitter and other social media platforms belong to the Information Communications sector which contributed

The World Bank has increased Nigeria’s Gross Domestic Product (GDP) growth projection for 2021 to 1.8 per cent, higher than the 1.1 per cent it had estimated for the country

Details claiming to reveal how little income tax US billionaires pay have been leaked to a news website. ProPublica says it has seen the tax returns of some of the

A report by Moody’s Investors Service has said that Nigeria holds the key to the growth of telecom’s sector in in the Sub Saharan Africa (SSA). Moody’s, in the report

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, Tuesday called on International Oil Companies (IOCs) operating in Nigeria to be more accountable to Nigerians

Nigeria’s President Muhammadu Buhari on Monday called on the operators of Nigeria’s oil and gas industry to search for more efficient ways of exploiting the commodity to reduce the cost

Former US President Donald Trump has told Fox Business that he sees Bitcoin as a “scam” affecting the value of the US dollar. “Bitcoin, it just seems like a scam,”

The Central Bank of Nigeria (CBN) on Sunday announced the increase of foreign exchange (forex) allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel

In a move that could raise hundreds of billions of dollars to help them cope with the aftermath of COVID-19, the Group of Seven large advanced economies agreed to back

Governor of Nigeria’s southwestern Oyo State, Seyi Makinde says the federal government’s decision to ban Twitter operations in the country will affect investor’s confidence and called on the Nigerian leader to