The monthly revenue remittances of the 11 electricity distribution companies (Discos) to the Nigerian electricity market have dropped further to 30 per cent from about 58 per cent that it was in the early part of the year, the...

Barely a week after it sold its downstream subsidiary in Nigeria, United States’ oil giant, ExxonMobil Corporation, has announced the discovery of up to one billion barrels of oil reserves in the Owowo field, offshore Nigeria. The development is a...

Finance Minister, Mrs. Kemi Adeosun gave some insight on the Federal Government’s borrowing plans and how it intends to spend the  $29.960 billion foreign loans to address infrastructure deficit in the country. Speaking through her Special Assistant, Media, Festus Akanbi,...

The House of Representatives moved to save the Asset Management Corporation of Nigeria (AMCON) from collapse over funds owed them by a firm, Obligo. Obligo is an international management company with an established institutional investor platform and focus on investing...

Threaten Protest over Non-payment of Stipends Former Niger Delta militants currently enrolled in the Presidential Amnesty Programme have urged President Muhammadu Buhari to investigate the Amnesty Office, which they alleged has become a cesspool of corruption since Brig-Gen. Paul Boroh...

The Turkish Ambassa­dor to Nigeria, Mr. Ha­kan Cakil, has affirmed that Nigeria remains his country’s strategic partner in sub-Saharan Africa for the past 50 years. He dismissed as spuri­ous allegations that 50 Nigerian students are being detained in Turkey...