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Aug 30, 2018
The Minister of State for Petroleum Resources, Ibe Kachikwu, on Tuesday said there were no plans by Federal Government to sell its stakes in the Nigerian Liquefied and Natural Gas…
Aug 30, 2018
NNPC, Nigeria’s cash cow refused to release oil money for sharing   The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to set up a subsidiary to provide refueling services…
Aug 29, 2018
The Forum on China-Africa Cooperation (FOCAC) has proven to be productive and effective in boosting China-Africa cooperation, a Chinese special envoy said.   Zhou Yuxiao, China’s ambassador for FOCAC affairs,…
Aug 28, 2018
The Federal Government has expressed willingness to involve Nigerians in the diaspora in its strides to develop the country’s economy. The effort, which is aimed at ensuring the realisation of…
The Nigerian Bureau of Statistics (NBS) has reported that for the first time since Nigeria’s exit from recession, the Gross Domestic Product (GDP) has recorded growth.   Driven by the…
Aug 27, 2018
Trhe Nigerian Maritime Administration And Safety Agency (NIMASA) has resolved to promote the concept of Blue Economy, in order to encourage indigenous stakeholders in the maritime sector. NIMASA has flagged…
Indications have emerged that the nation may soon begin to earn less from crude oil as the monthly volume of Nigerian oil imports into the United States dropped to 2.89…
Aug 23, 2018
As part of measures to tackle rising poverty rate in the country, the Federal Governemnt said it had concluded plans to extend its Government Enterprise and Empowerment Programme (GEEP) scheme…
Aug 23, 2018
The total value of capital importation into Nigeria dropped by $790 million in the second quarter of 2018, the largest decline in more than two years when the nation’s economy…
President Muhammadu Buhari on Monday signed an Instrument of Accession to the International Cocoa Agreement (ICA), 2010. The pact was the seventh ICA adopted at the United Nations Cocoa Conference in…
Aug 23, 2018
A foremost African airline, Ethiopian Airlines, has signed an agreement with Zambia’s Industrial Development Corporation (IDC) to invest in the newly established Zambia’s national carrier, Zambia Airways. The latest development,…
Nigeria’s revenue from oil export hit an estimated $26 billion between January and July this year as the price of global oil benchmark, Brent crude, rose to the highest level…
Aug 23, 2018
In recent months, Africa has seen several big announcements of international multi-million-dollar awards to build more inclusive, sustainable economies in the region. Jack Ma’s Netpreneur Award, France’s $76m Africa Start-up…
Aug 22, 2018
There are indications that Nigeria's oil has been over-supplied as 30 unsold cargoes await buyers in the international market. However, an oil market update obtained yesterday showed that the cargoes…

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