Nigeria’s shea butter production has received the support of the European Union. A statement from the Standards Organisation of Nigeria indicated that the European Union through its expert on Technical Barriers to Trade, African Caribbean and Pacific countries’ programme, had started plans to equip Nigerian...

The nation’s external reserves fell marginally to $26.33bn on June 29, down 0.30 per cent from a month ago, the Central Bank of Nigeria data showed. The foreign exchange reserves stood at $26.42bn on May 27, down by 9.2 per cent year-to-year. The reserves had stood...

The Nigerian Stock Exchange market capitalisation receded by N74bn after 24 stocks depreciated in value at the close of trading on the NSE floor on Thursday. The NSE All-Share Index fell to 29,597.79 basis points from 29,812.91 basis points, while market capitalisation also dropped to...

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has explained how the Department of Petroleum Resources (DPR) undervalued eight Oil Mining Leases (OMLs) belonging to the Nigerian National Petroleum Corporation (NNPC). Speaking recently when he visited the Corporate Head...

The Nigerian Electricity Regulatory Commission (NERC) has given the 11 electricity distribution companies (Discos) in Nigeria a four-month deadline to provide meters to all the maximum demand (MD) consumers under their networks or face sanctions. The commission said it was acting in line with the...

Nigeria is seeking $40bn to $50bn investment in oil projects with the commencement of a major road show in China, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said. Kachikwu, in an interview with Bloomberg Television in Beijing monitored by our correspondents,...