The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Tuesday resolved to stick to plans for a phased easing of oil production restrictions from May to July. The

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday doubled down on its recent disclosure that Nigeria does not know its actual daily oil production. The Executive Secretary of the

The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than 12 trillion won ($10.8 billion) in inheritance taxes for his estate and donate

Nigeria ranks eighth in a list of countries most interested in cryptocurrency in the world, according to a new study. Since its launch, cryptocurrency has been surrounded by a lot

The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost diaspora remittances. With the new licences

A pair of prototype Nikes worn by Kanye West during a performance at the Grammy Awards in 2008 has shattered the record for a pair of sneakers ever sold. Sotheby’s

Chinese property developers have turned their sights to Hong Kong’s border districts as mainlanders from neighbouring boomtown Shenzhen consider parts of the former British colony as a more affordable long-term

The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate and a leading investor in the energy sector, has announced the appointment of Mr. Victor Famuyibo and

Nigeria’s President Muhammadu Buhari has approved the restoration of the leases on four Oil Mining Licences to the state-owned petroleum company, (the Nigerian National Petroleum Corporation – NNPC). The affected

 Nigeria’s federal government has granted the Nigeria LNG Limited N20 billion (about $52m) in tax waiver for the construction of Bodo Bonny Bridge in Rivers State. The Executive Chairman, Federal

Following the Nigerian federal government’s revocation of the Production Sharing Contracts (PSCs) on four assets belonging to Addax Petroleum Exploration Nigeria Limited (APENL), the Department of Petroleum Resources (DPR), has

A panel of US senators questioned officials from Apple Inc and Alphabet Inc’s Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their

Nigeria’s Senate has approved President Muhammadu Buhari’s request of 1.5 billion US Dollars and 995 million Euros (about 1 trillion Nigerian Naira) in external loans. President Buhari got the approval

The Central Bank of Nigeria (CBN) has assured exporters that they will continue to have unfettered access to their export proceeds. CBN Governor, Mr. Godwin Emefiele, during a presentation at

The increasing landing cost of petrol and the inability of the Nigerian National Petroleum Corporation (NNPC)   to increase ex-depot price have continued to negatively impact on the operations of the