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

For the first time in many years, the stock price of Zenith Bank Plc on the Nigerian Exchange Limited (NGX) has overtaken that of Guaranty Trust Holdings Plc (GTCO). According

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said the newly launched Pan-African Payment and Settlement System (PAPSS) will simplify cross-border trade and reduce the

Coca-Cola Africa Operating Unit (“AOU”) and its bottling partners has launched, ‘JAMII’, the new Africa-focused sustainability platform, to promote and stimulate entrepreneurship opportunities in Africa. The new platform will build

The United Arab Emirates (UAE) has inaugurated a visa application and document attestation centre at the office of the UAE Consulate General in Lagos. This was disclosed to the media

Oil prices continued their surge on Wednesday, hitting a two-month high amid projections that lack of production capacity and limited investment in the sector could lift crude between $90 and

The use of solar energy to power businesses has been found to significantly improve the socioeconomic status of Nigerians, according to findings of a study conducted by Boston Consulting Group

The battle to retain its service boat contract in the pilotage district of Lagos, Warri, Bonny, Port-Harcourt and Calabar, which expired on August 8, 2020, may not be over yet

The Nigeria Civil Aviation Authority, (NCAA) said it has put everything in place for the International Civil Aviation Organisation (ICAO) Universal Safety Oversight Audit Programme (USOAP) slated for the first

The Rivers State Police command has paraded 18 persons arrested for alleged involvement in crude oil refining and exporting activities in the state. The state governor had ordered the police

Standard Chartered is closing about half its Nigerian branches as it moves to expand its digital banking. People familiar with the matter stated that the international bank took the decision

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