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OPEC Reaches Deal to Cut Oil Output, Prices Rally

The Organisation of Petroleum Exporting Countries (OPEC) agreed to cut its oil output for the first time since 2008, with Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices, reported AFP. Nigeria, Iran, Libya...

Nigeria Will Get Out of Recession Soon – Adeosun

The Nigeria's Minister of Finance, Mrs. Kemi Adeosun, has said the country is already getting out of the economic recession, given the pragmatic approaches the Federal Government is taking to reverse the trend. Speaking at the end of a two-day...

Recession and The Option of Selling Public Assets

As Nigeria continues to seek solutions to the current recession, one suggestion that is gaining traction is the option of disposing government stakes in some publicly-owned companies with a view to shoring up foreign reserves in the near term....

Governors, Workers, and Salary Arrears

It is true that as of today, Nigerian workers, artisans, market women and indeed, majority of Nigerians except politicians in the ranks of president, vice-president, ministers, members of National Assembly, successful business men and women and some privileged ones...

Indian Business Delegation’s Plans to Invest $5bn in Nigeria

Nigeria, India sign MoU on diplomatic issues, prisoners swap, visa A statement by his Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said Buhari spoke while receiving the Indian Vice President, Mohammad Hamid Ansari, at the...

Revenue to Dip Further as NNPC Seeks to Use Royalties, Taxes to Fund JVs

In a move certain to raise eyebrows reminiscent of the outcry over the proposal on the sale of the country’s strategic oil and gas assets, the Nigerian National Petroleum Corporation (NNPC) has said that it is working on new...
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