Nigeria has introduced measures to shore-up employment in order to eradicate poverty and transform the nation’s economy. Mr Arnold Jackson, Assistant Director, Nigerian Export Promotion Council (NEPC), stated this while delivering Nigeria’s statement on ‘Eradication of Poverty’ during the general debate at the 72nd Session...

Vice President Yemi Osinbajo has said he did not sign N640billion oil contracts when the President was in London on medical leave. A statement by the Senior Special Assistant to the President on Media and  Publicity, Mr.  Laolu Akande said the VP only gave approval...

The Group Managing Director(GMD) of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Kacalla Baru, has said that he had engaged investors to establish a refinery in Akwa Ibom State. Dr. Baru, who declared this during a two-day PENGASSAN’s Triennial Retreat/Synergy workshop which opened in...

FG may dump probe as NPA shortlists indicted firm involved in $20m Bribery Scandal There is disquiet in the Presidency following reports that a firm implicated in a $20million bribe has applied for a fresh contract from the administration of President Muhammadu Buhari. According to a...

Oil rose to above $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply. Saudi Arabia has cut November allocations by 560,000 barrels per day (bpd),...

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu and  Group Managing Director of NNPC, Mr Maikanti Baru, have met  and discussed opportunities  to further develop the  nation’s oil and gas sector. They met in Abuja at the ongoing Nigerian Economic Summit at the...