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Professor Ofiafoh Eiya, a Professor of Accounting and Taxation, University of Benin, Benin City, has called for the diversification of the economy to agriculture and solid minerals for sustainable national growth and development.
Dr Anthony Aziegbemi, an Economist and Edo chapter Chairman of the Peoples Democratic Party (PDP), has hailed the courage of Gov. Godwin Obaseki to mention the printing of N60 billion by the federal government to augment revenue allocation.
The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets
Dr Titus Okunrounmu, former Director, Budgeting Department, Central Bank of Nigeria (CBN), says Nigeria’s economy can grow by between seven per cent and 10 per cent annually if the necessary measures are put in place.
Cross River State Governor Ben Ayade has concluded arrangements to partner with the National Agency for Science and Engineering Infrastructure (NASENI) on electricity generation from borehole.
Dozens of Iraqi protesters blocked the entrance to the Nassiriya oil refinery in southern Iraq for the fifth day in a row, a refinery source and a Reuters witness said.
Nigeria is a country where there is a chasm between the leaders and the led. The distrust of the ordinary Nigerian for political office holders is such that most Nigerians celebrate when their leaders encounter tragic situations. If the governor takes ill in some states, a substantial proportion of the electorate would wish death on their state’s chief executive.
The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country.
One of Nigeria’s popular musicians, Oladapo Oyebanjo, popularly known as D’banj has advocated the use of intellectual property as collateral for obtaining bank loans.
The price of Nigeria’s Bonny Light, Tuesday, dropped to $62.05 per barrel from $64.50 in the international market on the heels of the reopening of the Suez Canal for business.
President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
The OPEC+ grouping of oil producers will hold its third ministerial summit of the year via videoconference Thursday to discuss output cuts in the face of fresh price volatility.
The immediate-past Commander of the Joint Task Force (JTF) in the Niger Delta, Rear Admiral Akinjide Akinrinade (rtd.), yesterday said the security outfit foiled 1,291 attacks on three crude export pipelines in the past two years.
The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of $1.570, according to statistics released by the corporation.
The Ijaw Youth Council (IYC) worldwide has thrown its weight behind the move by the Nigeria Labour Congress (NLC) to reject the Federal Government planned removal of petroleum subsidy and increase the price of fuel pump price to N234 per litre.
The Nigerian National Petroleum Corporation (NNPC) on Thursday said it generated a total of N2.197trillion from the sale of petrol between December 2019 to December 2020.
Nigeria and other African nations could play a central role in efforts by India to diversify its sources of oil and gas, India’s Oil Minister, Mr. Dharmendra Pradhan, said yesterday, as the nation strives to reduce its energy reliance on the Middle East.
Petrol and diesel sold at the highest rates in Kebbi State in February, the National Bureau of Statistics has said.
Minister of Niger Delta Affairs, Sen. Godswill Akpabio, has reiterated the commitment of the Federal Government to facilitate a viable and formidable pathway to facilitate sustainable development of the region.
Kwara State Commissioner of Police and Comptroller, Nigeria Customs Service, Kwara State Command, Mohammed Bagega and Ahmed Bello, respectively, have made case for the revival of the decaying cultural values in Nigeria.
Russia said on Sunday Czech accusations that Russian spy services were behind an explosion in an ammunition depot were unfounded and absurd and it would retaliate for Prague’s expulsion of 18 Russian embassy staff.
Pope Francis, delivering his Sunday address to a live audience for the first time in more than a month, called for a lowering of tensions in eastern Ukraine and expressed anxiety over a military buildup.
At least 20 persons were killed on Thursday and Friday in reprisal attacks between vigilante group and bandits in Maru Local Government Area of Zamfara State.
Super Eagles head coach Gernot Rohr has backed Ahmed Musa’s move to Nigeria Professional Football League outfit Kano Pillars.
Tottenham Hotspur face an anxious wait to discover the severity of Harry Kane’s ankle injury after he hobbled off after scoring twice in a 2-2 Premier League draw away to Everton on Friday.
Chelsea might still end up not winning the Champions League diadem despite their impressive form, according to seasoned and well-travelled football tactician Henry Abiodun.
Cesc Fabregas has vowed to see out his contract at Monaco, despite a lack of regular minutes for Niko Kovac's side in 2020-21.
Police in Plateau on Tuesday, refuted rumours doing the rounds that three female students of Plateau State University, Bokkos, were kidnapped by bandits on Monday.