The Organisation of Petroleum Exporting Countries on Friday extended Nigeria’s exemption from crude oil production cap following the countries plea to be exempted until it stabilises its production.
Nigeria is pumping less than 1.8 million barrels per day (bpd) of crude, its oil minister said on Friday, meaning the country is sticking to an output cap agreed under an OPEC-led deal to limit output.
Nigeria’s efforts to cut sulphur levels in its fuel imports are unlikely to succeed this year, the head of a major Nigerian downstream company told the Platts refining conference in Brussels.
Mr Ayodeji Olugbade, Managing Director, Atlantic Exhibition Nigeria Limited, says that it is time that Nigeria starts exporting locally made fabrics as an alternative source of income.
The Federal Government has set-up an 11-man committee to address the issue of multiple charges raised by the Airlines Operators of Nigeria.
Operators of telecommunications networks in the country say the means of identification rule imposed by the Nigerian Communications Commission (NCC) is reducing the rate of successful sim replacement.
Ecobank said it is striving to address the needs of the unbanked (and the general populace) by transforming a mobile phone into an all-in-one bank account and payment/cash withdrawal tool.
The NIMASA Director General, who is also the Chairman of the Association of African Maritime Administrations (AAMA), however, regretted that Africa is still not a major player globally in maritime trade because of lack of strategic attention to the sector.
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has faulted the call for the cancellation of privatisation of power sector.
The Lagos State police command, on Friday, said it had arrested 34 officials of the Peace Corp para-military organization.
Vice President Yemi Osinbajo said Nigeria is very proud of its arts and entertainment industry, where talented Nigerians continue to show and exceed world-class standards.
The Federal Road Safety Corps (FRSC) says 423 persons died and 2,339 others were wounded in 768 road traffic accidents across the country in July.
US Senator John McCain Friday announced his opposition to the latest Republican attempt to replace Barack Obama’s signature health care law, likely dooming the repeal effort.
The National Insurance Commission (NAICOM) on Friday said it would sack managing directors of insurance companies that refused to settle indisputable insurance claims.
Kashim Shettima, governor of Borno state; Abdullahi Ganduje, his Kano counterpart; and Aminu Tambuwal of Sokoto, briefed President Muhammadu Buhari at the presidential villa in Abuja before he left for the US.
The Court of Appeal, Lagos Division, will on Monday (today) replace one of the judges on the three-man panel hearing an appeal filed by the wife of ex-President Goodluck Jonathan, Patience, against the freezing of her Skye Bank account with a balance of $5.9m.
The Plateau chapter of All Progressives Congress (APC) on Thursday promised to support young people to run for various offices in the forthcoming local government polls in the state.
Offshore funds in Nigeria offered on Wednesday to sell the dollar at close to its black market rate, traders said, worsening a liquidity lull on the foreign exchange market.
Odinkalu launched a five-minute video campaign against the NGO regulation bill about to be passed by the National Assembly on Thursday that has gone viral.