According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Nigeria currently spends $600m on fuel importation monthly. 

In partnership with the International Cotton Advisory Committee (ICAC), the federal government has begun working towards the resuscitation of Nigeria’s moribund cotton industry.  

NNPCL Launches New Crude Oil Grade, Targets 50,000bpd   The Nigerian National Petroleum Company Limited (NNPC) yesterday announced the introduction of Utapate crude oil blend, a new crude grade into the international oil market. The new blend is from Oil Mining Lease...

'Bank Recapitalisation Crucial For Economic Growth' The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that the ongoing bank recapitalisation is an important step toward unlocking Nigeria’s potential to achieve a $1tn economy. He disclosed this at...

Fuel Queues to Clear as Depots Resume Loading The queues at filling stations for Premium Motor Spirit, popularly called petrol, may subside this week as PMS loading has resumed in Lagos depots. Our correspondent reported on Saturday that the depot owners...

FG Ask Civil Servants to Register For N40,000 Rice   The Federal Government has concluded plans to sell a 50kg bag of rice at N40,000 to public servants with a view to alleviating the food crisis in the nation and its...