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OPEC, Russia mull easing supply limits to rebalance oil market

Member countries of the Organisation of Petroleum Exporting Countries (OPEC) and their major ally, the Russian Federation are considering relaxing the 2017 limits they imposed on their oil production levels to rebalance the oil market, and increase their output in the market to about 1 million barrels per day (bpd).

NNPC targets full implementation of 2018 budget

The Nigerian National Petroleum corporation (NNPC) has said that it has introduced measures to ensure the full implementation of its 2018 budget.

Nigeria’s oil production cost down to $23/barrel

The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.

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Flood: House of Reps urge federal government to declare Auchi ecological disaster area

The House of Representatives on Tuesday, urged the Federal Government to take flooding and gully erosion problem in Auchi, Edo, with utmost seriousness and declare the environment ecological disaster area.
Larry Ettah

NECA cautions federal government on loans to avoid negative impact on economy

The Nigeria Employers’ Consultative Association (NECA) on Tuesday advised the Federal Government to tame its appetite for leverage on loans to avoid negative impact on the economy.
Biotechnology - BigStock

Don: Nigeria can generate $1 billion from biotechnology

A United States-based Nigerian Professor of Microbiology and Biotechnology, Prof. Diuto Esiobu, has urged Nigerians to embrace biotechnology certification, saying it will boost the economy and generate at least $1bn in the near future.

Ekiti Assembly rejects governorship election result, adjourns till October

The Ekiti State House of Assembly has adjourned legislative business until October 8, citing issues of harassment and insecurity.

NYCN protests alleged government official’s interference in Gombe

The National Youth Council of Nigeria (NYCN), Gombe State chapter, has protested against an alleged interference in its affairs by an official of the state government.