Nigeria Struggling to Comply With OPEC Quota, Scores 19% Compliance Level Nigeria, Africa’s largest oil producer, continues to struggle with production cut in May, according to...
Brent Crude Rises To $37 a Barrel Ahead of OPEC Meeting The Brent Crude oil rose from $33.59 per barrel it traded on Wednesday to $37.84...
NNPC to Reduce Production Cost of Crude oil to $10 Per Barrel The Nigerian National Petroleum Corporation (NNPC) has said it is working on reducing the...
Nigeria’s Manufacturing Sector Contracts For the First Time in 36 Months Nigeria’s manufacturing sector declined for the first time in 36 months in May, according to...
Buhari to Borrow Another $5.513bn from Foreign Institutions President Muhammadu Buhari has forwarded a new $5.513 billion foreign loan request to the Senate and the House...
CBN Lowers Interest Rate to 12.5% to Stimulate Economy The Central Bank of Nigeria (CBN) led Monetary Policy Committee (MPC) has lowered policy rate by 100...
Siemens to Begin Concessionary Funding of Electricity Deal With Nigeria The Federal Government on Wednesday approved Siemens AG to begin the concessionary funding and support of...
Oil Prices Shed 4% Amid Rising US-China-Hong Kong Tension Oil prices dipped on Wednesday as tension brew between the two world’s largest economies over Hong Kong....
COVID-19: Jigawa, Sokoto States Receive Ambulances From BUA Foundation The Governors of Jigawa and Sokoto States today, received ambulances from the BUA Foundation to boost their...
Edo State to Test Run 55MW Ossiomo Power Plant Edo State government on Monday announced that the CCTEC-Ossiomo Power Plant is ready for a test run...
