The attack on Chevron’s gas line by militants in the Niger Delta has affected the flow of gas to some power plants, leading to a loss of about 500 to 600 megawatts of electricity, our correspondent has learnt.
A source at...
The Federal Government has said it had so far released N2.5tn out of the N6.6tn budgeted for the 2016 fiscal year.
The government also said the proposed external borrowing was for the execution of capital projects.
President Muhammadu Buhari had on...
The Federal Government will seek to borrow $25.46bn from multilateral and bilateral development agencies, including the World Bank and the Islamic Development, between now and 2018.
Other agencies the Federal Government will resort to for funds to complement the dwindling...
The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has said the apex bank has fully deployed all conventional and non-conventional monetary policies in the wake of the country’s slip into recession, but regrets that the problem is not...
The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police Force (NPF) have pledged to work more closely together to tackle the incessant attacks on oil and gas facilities across the country.
The two agencies made this commitment on Wednesday...
The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured stakeholders of it's resolve to ensure that safety standards are not compromised in the operations of the nation’s maritime industry.
This assurance was given by the Director General of NIMASA,...
