President Muhammadu Buhari has written to the National Assembly to seek for approval to issue an additional $500 million Eurobond to fund capital projects in the 2017 budget. This was revealed during a Senate session yesterday. The latest demand follows the...

Investors in the Nigeria’s power industry have picked holes in the planned N701 billion power intervention fund by the Federal Government. They declared that the fund had the potential to worsen revenue shortfalls rocking the industry. Executive Director, Research and...

The Minister of Finance, Mrs. Kemi Adeosun, has brokered a resolution of the dispute between the National Pension Commission and the National Insurance Commission over a circular issued by PenCom directing life insurance companies to transfer their annuity asset...

Following the tension generated as a result of misconception and misrepresentation of the Nigeria Customs Service planned motor duty payment, the leadership of the National Assembly and the Comptroller-General of Customs, Col. Hameed Ali (Rtd) met with a view...

  Former President, Chief Olusegun Obasanjo, has warned a former Attorney-General of the Federation and Minister of Justice, Mohammed Bello Adoke, to stop mentioning his name in the controversial $1.1 billion Malabu Oil deal. Olusegun Obasanjo said he considered the controversial...

About 17 Niger Delta onshore Oil Mining Leases (OMLs) belonging to the Shell Petroleum Development Company of Nigeria Limited (SPDC), will expire in the next two years. An oil mining lease is usually granted only to the holder of an...