FG Targets 400,000 Locally Assembled Vehicles The Federal Government has set an annual target of about 400,000 vehicles to be produced locally by about 45 assembly...
FG Pays IOCs $400m as Part Settlement of Cash Call Debt The federal government has begun redeeming its pledge to settle outstanding joint venture cash call...
Crude Oil Production Now Two Million bpd, Says Baru The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Tuesday stated that...
NNPC, Chevron, Total to Build Two Power Plants The Nigerian National Petroleum Corporation has said it has engaged its joint venture partners, Chevron and Total, to...
We Cannot Develop Power Alone The Federal Government has urged private investors to invest in power sector in order to generate, transmit and distribute adequate and...
NLNG Exports 4,000th LNG Cargo, Plans Expansion The nation’s biggest gas exporter, Nigeria LNG Limited, has announced the exportation of the 4,000th cargo of Liquefied Natural...
Nigeria’s Tax to GDP Ratio Unacceptably Low The Minister of Finance, Mrs. Kemi Adeosun, has said that the nation’s tax to Gross Domestic Product ratio, which...
FG Resumes Payment into Excess Crude Account with $87m The Minister of Finance, Mrs. Kemi Adeosun, said on Monday that the federal government has commenced payment...
Focus on Nigeria’s Non-oil Revenue Potential The recently released Central Bank of Nigeria’s (CBN) Financial Stability Report for December 2016 had shown that the federal government’s...
Power System Collapsed Twice in April – Report Nigeria’s power grid collapsed again on April 26, 2017, making it the second time the system crashed last...