The Senate raised the alarm over alleged mismanagement of the N500 billion social intervention fund captured in the 2016 budget. The upper chamber lamented that already over N80 billion of the fund had been disbursed supposedly to the poor without...

Despite the Federal Government’s campaign for economic diversification and export promotion, there is growing exporters’ apathy due, among others, to logistic difficulties at exit points. While the availability of supply is not in doubt, the bureaucratic bottlenecks at the airports...

THE Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, disclosed that the federal government will increase the penalty for gas flaring, while it intends to end the practice by 2020. Speaking during the 10th International Conference and Exhibition of...

A group of investors from the United States of America (USA), China and Taiwan under the aegis of Phoenix Group has expressed their readiness to invest in the abandoned Nigerian News­print Manufacturing Company, Oku-Iboku and the Export Processing Zone...

The Nigerian National Petroleum Corporation said that there was a need to expand the country’s gas exploration efforts in its sedimentary oil and gas basins in order to increase the product’s reserve. According to the corporation, out of a total...

NPA’s Managing Director Ms Hadiza Bala Usman, sources said, was furious when she learnt that four terminal operators and two firms at Onne Port were owing the agency  $7,931,247 and N9,458, 785,726. The debt excludes  what the Nigerian  National Petroleum...