EU, Germany Support Nigeria’s Energy Project with €25m The European Union and the German government are jointly providing a total of €25m (N8.1bn) as energy support...
FG Approves N701bn Payment Guarantee for Power Firms The Federal Government on Wednesday approved N701bn payment assurance guarantee for any energy produced by the electricity generation...
Nigeria’s Economy Contracts 1.51% in 2016 The Nigerian economy contracted in the fourth quarter of 2016 for the fourth consecutive quarters. However, the rate of contraction...
FG to Attract $10bn Oil and Gas Investments The Minister of State, Petroleum Resources, Dr Emmanuel Kachikwu, has said that the Federal Government will attract more...
Local Debts Killing Economy, Senate Tells FG The Senate, on Tuesday, asked the Federal Government to settle all its debts to local contractors in the interest...
FG to Enforce Buying of ‘Made in Nigeria’ Products The Federal Government says it has put plans in motion to enforce the buying of Nigerian products...
Petroleum Products’ Importation a Fraud, Must End The importation of petroleum products into the country is a fraud and must be put to an end if...
Indigenous Company Set to Acquire IOC’s Oil Fields Baywood Continental Limited, an indigenous and integrated oil and gas technical service company, said it is set to...
U.S. Shale Surge Threatens OPEC Strategy OPEC’s Nov. 30 output agreement to cut production by 1.2 million barrels a day may have put a floor under...
Nigeria, Algeria, others lost $1tn to oil crash – OPEC Nigeria, Algeria and other members of the Organisation of Petroleum Exporting Countries lost a cumulative revenue...