Uncertainty continues to shroud the report of the National Assembly’s conference committee on the Petroleum Industry Bill (PIB), with the House of Representatives stepping down the report. The situation is

Nigeria’s crude oil production dipped by a cumulative 56.559 million barrels in the first six months of 2021 compared with the quantity pumped during the same period last year, documents

Nigeria’s federal government on Wednesday gave the go-ahead for the award of a contract to Dangote Group for the construction of five roads totalling 274.9 kilometres at the estimated cost

China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off. As expected, the

The Nigerian National Petroleum Corporation (NNPC) failed to remit N3.878 trillion, some $9.435 billion revenue from domestic crude oil sales to the Federation Account, the country’s senate has said. The

The Organisation of Petroleum Exporting Countries (OPEC) has moved to sort out its impasse with the United Arab Emirates (UAE), with a compromise deal being hammered out that could allow

The N15 trillion (about $36.5bn) Infrastructure Company Limited (InfraCo), created by Nigeria’s federal government to bridge the nation’s huge infrastructure gap is to take off in the third quarter of

Authorities in Zimbabwe say the country’s economy will lose up to $25 million if the ongoing riots in South Africa continue for another week. That’s according to Takunda Mugaga, president of the

The Nigerian government on Monday pledged its renewed commitment to full compliance with the country’s crude oil production quota, which it pegged at 1.554 million barrels per day in June.

The Central Bank of Nigeria (CBN) has stressed the need for the mobilisation of private sector funding to redress the country’s 22 million housing gap. The Deputy Governor (Economic Policy)

The Nigerian National Petroleum Corporation (NNPC) recorded a total shortfall of $1.2 billion in the financing of its priority projects between January and May 2021, latest data from the national

Israel has said it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing. Israeli Defence Minister Benny Gantz ordered security forces

Aviation Minister, Senator Hadi Sirika, has disclosed that local air passengers in Nigeria who suffer flight delays at the airport for two hours or more are entitled to a refund

The Nigerian government has moved to freeze and recover N1.8 trillion, some $4.36bn from accounts of South African companies, MultiChoice Nigeria Limited and MultiChoice Africa. The country’s Federal Inland Revenue