The African Development Bank has provided $50 million in grant to Bauchi state for instrastructure development, officials say. Bauchi state water resources commissioner Muhammad Abdulhami told journalists in the capital that the amount is part of a $250 million fund...

The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has urged the Federal Government to bring Nigeria out of the throes of recession by urgently reviewing its monetary policies. Tinubu spoke as a guest lecturer at the National...

The Federal Government has ordered immediate payment of the N150 billion bridging cost for fuel products’ delivery across the nation owed marketers. The order was given at the Aso Rock Presidential Villa in Abuja after a two-hour closed-door meeting President...

The Nigerian Electricity Regulatory Commission has declared that without an increase in electricity tariff payable by consumers or an intervention in form of subsidy from the Federal Government to the power firms, the country would not be able to...

The Group Managing of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, said the firm lacked international oil trading skills. According to him, several attempts made by the national oil firm’s management in the past to have a stronghold on...

Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year’s agreement between OPEC and non-OPEC countries to cut output, a senior official of the kingdom has said. “The recent agreement among OPEC and...