Oil futures ended solidly higher Wednesday, with the U.S. benchmark closing above $51 a barrel for the first time since July 2015. West Texas Intermediate crude for July delivery CLN, +0.00%... Read more
Minister of Labour and Employment, Dr. Chris Ngige, has said the Federal Government would no longer tolerate banks flouting its directive. Ngige spoke on Tuesday in Geneva, Switzer... Read more
Oil prices jumped to the highest level in eight months on Wednesday, rising for the third consecutive session, buoyed by ongoing supply disruptions in Nigeria and strong Chinese oil demand d... Read more
Energy giant Royal Dutch Shell on Tuesday said it could exit up to 10 countries under a previously announced plan to sell oil and gas assets over two years. Following its recent huge takeove... Read more
Skye Bank Plc on Monday succumbed to the gale of retrenchment that has hit the banking industry as it sliced off 175 employees from its labour force. This coming less than a week after Mini... Read more
Suning Group Chairman Zhang Jindong(5th, R), Inter Milan President Erick Thohir(5th, L), Inter Milan Vice President Javier Zanetti(2nd, R) and other guests raise a toast at a news conference... Read more
Nigeria has a problem: The country is one of the world’s top oil producers, but it doesn’t have enough gasoline to fuel its struggling economy. On the outskirts of Lagos, Africa... Read more
The Niger Delta Avengers has launched a new website after its original site was shut down by unknown hackers The site had gone down suddenly, raising suspicions that agents of the federal... Read more
Eni, the parent company of Nigerian Agip Oil Company, said the oil firm’s production had been cut short by 65,000 barrels per day following Friday’s attack on its pipeline in Bayelsa. News A... Read more
The Federal Government on Saturday released a report recoveries from looters of the national treasuries. The report released by the Minister of Information and Culture on Saturday indicates... Read more