The manufacturing industry requires the injection of about $1bn to galvanise activities in the sector and enable it to contribute significantly to the economy, the Manufacturers Association of Nigeria has said. The President, MAN, Dr. Frank Jacobs, who said this...

The Nigerian National Petroleum Corporation (NNPC) is to collaborate with the Republic of Niger in the area of sharing of geological data to further boost the ongoing exploratory activities in the Chad Basin and Benue Trough. The Group Managing Director...

Vice-President Yemi Osinbajo, has explained that the current administration decided to invest heavily in infrastructure because it is convinced the effort would translate into economic growth for the country. Speaking at the African Development Bank Knowledge Sharing Forum in Abuja,...

In fulfilment of its commitment to increasing power supply in the country and further tapping into the ‘gas to power’ value chain, the Federal Government has signed a number of agreements that will add more than 500 MW electric...

The African Development Bank’s Board of Directors has approved a $600m loan for Nigeria, several months after the Federal Government had approached the lender for a budget-support facility. The loan is meant to help Nigeria plug its budget deficit as...

Nigerian National Petroleum Corporation recorded a total loss of N127.73bn between January and August this year, its latest group financial report released showed. The report for the month of August, however, indicated that the national oil firm reduced its losses...