Libya could become the number one oil-producing country in Africa amid Nigeria’s struggles. Data from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report...
Shell Plc has been stopped from selling any of its assets in Nigeria as the oil company looks to diversify from oil production. The order was...
Deposit money banks (DMBs) and processing companies in the financial industry have been given the go-ahead to establish deposit and withdrawal centres outside the banking hall...
For two consecutive months – January and February – Nigeria failed to meet its quota as allocated by the Organisation of Petroleum Exporting Countries (OPEC). In...
With a sharp decline in Nigeria’s oil export opportunities, there are indications that the country’s 2022 budget deficit might go up to about N10 trillion while...
The Minister of Finance, Budget and National Planning Zainab Ahmed, said on Tuesday the Federal Government would use $2.2 billion out of the cash raised through...
• Extends licence’s validity to five years The Federal Government at the weekend unveiled new security arrangement for the nation’s free trade zones in line with...
The Organisation of Petroleum Exporting Countries (OPEC) yesterday said the war between Russia and Ukraine has frightened investors from the oil and gas industry and also...
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a...
Nigeria was not mentioned among countries Europe will be heavily relying on to help cushion Russia’s threat to withhold supply of crude oil to the international...