Northern Nigeria Development Company, NNDC, have announced plans to commence the exploration of oil and gas in the lake Chad area of Nigeria’s North-east by next...
The importation permits of six petrol depots in the country have been suspended by the Department of Petroleum Resources for selling the Premium Motor Spirit, otherwise...
The Governor of CBN, Mr. Godwin Emefiele, says the apex bank may not release funds due to banks following the reduction of the Cash Reserve Ratio...
When it is time, the Central Bank of Nigeria will make information available to the public on surrendered funds, President Muhammadu Buhari said while delivering a...
By Osifo Godfrey Lagos State Governor, Mr. Akinwunmi Ambode, has identified water transport as the only sustainable solution to the incessant traffic gridlock bedeviling the state....
The Excess Crude Account, into which Nigeria saves the difference between the market price of oil and the budget benchmark to provide a cushion when oil...
By ANDREW OJIEZEL In apparent bid to forestall danger in the country, the Nigerian Civil Aviation Authority(NCAA) has warned Airlines and pilots to ensure they get...
South Africa’s Rand weakened early on Thursday, edging towards a record low after President Jacob Zuma removed Finance Minister, Nhlanhla Nene. The currency dropped by 0.61...
The $38 per barrel benchmark President Muhammadu Buhari presented as crude price to finance 2016 budget has generated some uproars in its debate on the floor...
…as December deadline approaches The Group General Manager, Public Affairs Division of the Nigerian National Petroleum Corporation, Mr. Ohi Alegbe, has ruled out the possibility that...