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Nigerian govt approves $500m coaches, locomotives for Lagos-Ibadan railways

By Ahmed Idris The Federal Executive Council (FEC) on Wednesday approved $500 million for the purchase of coaches, wagons and locomotives for Lagos-Ibadan and Itakpe-Warri railways, Minister of Transportation, Mr

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Nigerian govt okays N16bn for NDDC headquarters

By Ahmed Idris  The Federal Executive Council (FEC) on Wednesday approved N16 billion for the construction of the headquarters of Niger Deltal Development Commission (NDDC). This was disclosed by the

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Nigerian govt approves Offshore Act amendment to increase oil revenue by $2b

By Ahmed Idris  The Federal Executive Council (FEC) on Wednesday approved amendment of section 15 of the Production Service Contract of Deep Offshore Act to increase government’s crude oil revenue

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CBN injects $210m into forex market

The interbank window of Nigeria’s Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN). According to figures obtained

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CBN revamps N500bn export stimulation fund

By Nasir Kura In its bid to diversify the country’s economy away from oil, in line with the Federal Government’s economic plan, the Central Bank of Nigeria (CBN) has announced

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Nigerians not taking enough sugar – Busari

By Abdulrahman Abdulraheem The Executive Secretary of the National Sugar Development Council (NSDC), Dr Abdul-Latif Demola Busari, has said that contrary to a concern being spread by an ongoing anti-sugar

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Dr. Emmanuel Ibe Kachikwu in conjunction with the Inter-Ministerial Working Group on Niger Delta, Visits Imo State.

The Honorable Minister of State for Petroleum Resources, Dr. Emmanuel I. Kachikwu in conjunction with the Inter-Ministerial Working Group on Niger Delta, today paid a visit to Imo State. They were received

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HMSPR, Dr. Emmanuel Ibe Kachikwu Continues The Inter-Ministerial Working Group Technical/Stakeholders’ Engagements in the Niger Delta States in Delta State.

The ongoing Technical/Stakeholders Engagement meeting being undertaken by the Honorable Minister of State, Petroleum Resources Dr. Emmanuel I. Kachikwu in conjunction with the Inter-Ministerial Working Group for the Niger Delta held the

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OPEC ends meeting, extends current production cooperation with Non OPEC oil producers …Nigeria and Libya exempted from cut

The 173rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) ended today in Vienna, Austria and extended its current production agreement entered with participating Non OPEC oil producers

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Emefiele tasks graduates on job creation

By Nasiru Kura The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has challenged the graduating students of University of Nigeria, Nsukka (UNN) to explore and take advantage of

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