At least a fifth of Nigerian oil output, equivalent to almost 400,000 barrels a day, has been shut down as a pipeline closure added to disruptions...
The National Bureau of Statistics on Wednesday reported a decline of 54.34 percent in the value of capital imported into Nigeria in the first quarter of...
Officials of the Central Bank of Nigeria’s Compliance Unit on Tuesday stormed the headquarters of Fidelity Bank Plc in Lagos in connection with the ongoing investigations...
Twenty years after it was discovered, the Aje field located in Oil Mining Lease 113 has achieved its first oil, putting Lagos on the list of...
Since May 29, 2015 when President Muhammadu Buhari assumed office, Nigeria has been facing multiples ills from comatose economy, unending scarcity of fuel and its attendant...
First bank profit took a hit as forex scarcity and global slowdown continue to wipe-off banks’ profits. The earnings report released on Tuesday showed the bank’s...
South African based Pick n Pay Stores Ltd. announced plans to enter Nigeria after posting a 26 percent increase in full-year profit. The company said it...
The exploration of bitumen in Ondo State will kick off immediately with 10,000 barrels per day, even as the state government has signed a Joint Operating...
Oil rose the most in eight weeks as U.S. production continued to slide ahead of producers meeting to discuss production cut. Crude slid to the lowest...
In an effort to contain the scarcity of foreign exchange that is affecting the real sector of the economy, the Central Bank of Nigeria (CBN) has...