Respite as PENGASSAN suspends strike

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, on Monday evening suspended its nationwide strike, after an indigenous oil company, Neconde Energy...

BUA engaging in illegal mining on my site – Dangote

The war of words between the Dangote Group and BUA Group over the Mining Lease No. 2541, located in a boundary town of Oguda/...

IMF: Nigeria is still investors’ destination of choice

The International Monetary Fund, IMF, says it has received a large number of eager investors itching to invest in Nigeria, but was quick to...

Oil prices hit 30-month high of $65 per barrel

Oil prices on Tuesday jumped by one per cent to $65.24 a barrel, being highest since mid-2015, after the closure of the Forties North...

Amaechi asks Jonathan to account for $65bn left by Obasanjo’s govt

Former Rivers governor now Transport minister, Rotimi Amaechi, says the level of wastages of public funds during past government was alarming, alleging that the $65bn...

Lagos joins trillionaires’ club as Ambode presents 2018 budget

The Lagos State governor, Mr. Akinwunmi Ambode on Monday presented a 2018 budget estimate of N1,046,121,181,680 before the Lagos State House of Assembly. The projected...

Adeosun opens up on why she suspended SEC boss, Gwarzo

The Minister of Finance, Mrs. Kemi Adeosun, has explained that her decision to suspend the Director-General of the Securities and Exchange Commission, SEC, Mounir...

NCAA: Three flights delayed every hour by Nigerian airlines in three...

An average of 89 flights were delayed everyday between July and September 2017 by domestic airlines operating in Nigeria, implying that at least three...

Nigeria’s external reserves hit four-year high of $38.2bn

Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, says the country’s external reserves have hit a four-year high of $38.2bn following...

Senate raises oil benchmark to $47 per barrel as 2018 budget...

The Nigerian Senate on Tuesday passed the 2018-2020 Medium-Term Expenditure Framework, MTEF, increasing the oil price benchmark proposed by the Federal Government from 45...