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Nigeria’s GDP increases by 5% in the second quarter

Nigeria has recorded a 5.01% increase in its Gross Domestic Product (GDP) in the second quarter of 2021. The latest development was disclosed in a...

Senate faults NNPC over non-remittance of N3.87trn from crude oil sales...

-wants N865.44bn illegal revenue deductions stopped -directs NPA to refund $37.67m, N67.5bn, N1.07bn, $2.3m, €196,257 to treasury -mandates EFCC, ICPC to go after govt. officials responsible...

China, Iran sign 25-year deal in challenge to US

China and Iran signed an overarching deal aimed at charting the course of their economic, political and trade relations over the next 25 years. Beijing...

Port Harcourt refinery will work within 18 months -FG

The Federal Government has reiterated its commitment to completing the rehabilitation of the Port Harcourt Refinery, saying it would be functional within 18 months. “Port...

Petrol price now N212.61 per litre – PPPRA

The Federal Government has officially confirmed the return of fuel subsidy, as the Petroleum Products Pricing Regulatory Agency, PPPRA, Thursday, fixed petrol pump price...

Crude oil prices hit 13-month high, as US production dips

Crude oil prices rose for a fourth straight session on Thursday to the highest levels in more than 13 months, underpinned by monetary easing...

PIB: Senate President pushes for reduced cost of crude oil production

President of Senate, Ahmad Lawan has pushed for a cost reduction in the  production of crude oil by International Oil Companies operating in Nigeria. According...

Senate benchmarks oil at $40 per barrel, dollar at N379

The Senate, shortly before it adjourned plenary on Thursday, passed the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The passage of...

Petrol price may rise as crude stabilises at $35/barrel

Brent crude has stabilised around $35 per barrel for about one week, raising concerns of a possible hike in petrol price in Nigeria any...

Crude: Nigeria’s July loading programmes show output rise

Nigeria's July programmes showed higher output on key grades on Tuesday after the country reduced its production in May and June to meet an...

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