Business

IMF Welcomes CBN’s Removal of FX Restrictions on 43 Items

It said Tinubu's reforms need time to yield desired results.

1 year ago

Shell Confirms Huge Leak At Flow Station in Bayelsa

Hundreds in the Peremabiri community have been thrown into crisis as farmlands, marine environment ruined.

1 year ago

Air Peace Resumes Kaduna Operations October 23, Announces Special Flight to Antigua and Barbuda

The airline's growing network includes twenty domestic routes, 8 regional and 5 international destinations.

1 year ago

NUPRC Shops for Continental Opportunities to Tackle Nigeria’s 3.1 Bcf/day Gas Shortfall by 2030

“In the years preceding the enactment of the PIA, investments in the Nigerian oil and gas industry declined mostly due…

1 year ago

Nigeria Grants First Petroleum Exploration Licence Under Petroleum Industry Act

The NUPRC said the development was another milestone in the smooth implementation of the PIA for the attraction of investment…

1 year ago

CBN Lifts FX Ban on 43 Items, Rice, Fertiliser and Cement on the List

It's a reversal of a 2015 policy which forced importers of the commodities to source for FX at the black…

1 year ago

Alaye: Modular Refinery Initiative A Failure, Licensed Companies Were Not Ready

He called out government for underming and cheating the people of the Niger Delta out of opportunities.

1 year ago

Nigeria’s Oil Production Improved in September, Still Far from OPEC’s Quota

Data shows that the country under-produced by as much as 400,000 bpd in September, despite the jump in output.

1 year ago

Biden Administration To Introduce Stricter Measures To Enforce Oil Price Cap on Russia

It signifies a concerted effort by Western nations to clamp down on Russia's attempts to evade international sanctions.

1 year ago

At $30m Drilling Cost Per Gas Well, Nigerian Operators Push for Review of Fiscal Policies in Sector

The lamentations by oil and gas industry operators have refused to settle despite the enactment of the Petroleum Industry Act…

1 year ago