The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kacalla Baru, has stated that the Federal Government has mandated the Corporation to pursue an aggressive gas development programme to stimulate economic growth in the Country. Dr....

President Muhammadu Buhari has submitted the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP) to the House of Representatives in a bid to ensure the timely passage of the 2018 budget. Speaker Yakubu Dogara read the correspondence from...

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up...

As the Senate postponed the commencement of its planned investigation into the alleged award of $25 billion worth of contracts in the Nigerian National Petroleum Corporation (NNPC), there are indications that the Presidency has initiated moves to avert serious...

Crude oil prices have increased on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices there. Brent crude futures, the international benchmark...

The disagreement between the Nigerian Ports Authority (NPA) and INTELS Nigeria Limited deepened as the agency said it would soon begin bidding for the withdrawn pilotage contract. The Managing Director of NPA, Hadiza Bala-Usman has said the company was trying...