Italian prosecutors have commenced investigation into the corruption allegation over the Malabu offshore oil block (OPL 245) bought by Shell and Eni from Nigeria for $1.3bn, according to rep... Read more
The Nigerian Air Force on Wednesday signed a Memorandum of Understanding,(MoU) with Innoson Vehicle Manufacturing Company, IVM, Nnewi, Anambra state for research and production of spare part... Read more
The promise of Africa’s biggest economy has turned to peril. Companies drawn to Nigeria by the prospect of a population bigger than Germany and Turkey’s combined are retreating; those stayin... Read more
The Nigerian National Petroleum Corporation has assured Nigerians that the festering fuel scarcity will soon be a thing of the past. The assurance followed the approval by President Muhamma... Read more
The Senate on Monday summoned the Minister of State for Petroleum, Dr. Ibe Kachikwu, to appear before its Committee on Petroleum Downstream on Tuesday over lingering fuel scarcity in the cou... Read more
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture is producing more gas from Agbada field in the Eastern Niger Delta in support of government’s aspiration of increa... Read more
President Muhammadu Buhari’s proposed 2016 budget, which projected a deficit of $15 billion due to falling oil prices. In an email interview, Matthew Page, an international affairs fellow at... Read more
The Presidency has ruled out the idea of making public the cash recovered from former public officers under probe by anti-graft agencies, saying that it t will be used as evidence aga... Read more
The National Leader of the All Progressives Congress (APC) and Former Lagos State Governor and the National Leader of the National Leader of the All Progressives Congress Asiwaju Bola Ahmed... Read more
Ekiti State Governor, Mr Ayodele Fayose has described the just concluded National Economic Council (NEC) retreat as mere jamboree and waste of over N250 million public fund, saying; “the ret... Read more