The House of Representatives has urged the Nigerian National Petroleum Corporation (NNPC) and other relevant agencies to urgently regularise the supply of kerosene nationwide in order to normalise its pump price. The House also mandated its Committee on Petroleum Resources (Downstream) to liaise with relevant...

Nigeria, which again lost its Africa’s top oil producer status to Angola in January, has recorded further decline in its crude oil production, a new report from the Organisation of Petroleum Exporting Countries has indicated. OPEC, in its Monthly Oil Market Report for March 2017,...

Small indigenous operators in the mining industry will benefit from the N30bn Mining Intervention Fund approved by the Federal Executive Council, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Fayemi said this while inspecting quarrying facilities at CIBI Nigeria Limited’s quarry...

President Muhammadu Buhari has approved the payment of the outstanding N22bn that is meant for dealers of agricultural inputs, popularly known as agro-dealers, in order to ensure the seamless distribution of fertilisers at an approved rate of N5,500 for 50kg. Earlier this year, the Minister...

President Muhammadu Buhari has written to the National Assembly to seek for approval to issue an additional $500 million Eurobond to fund capital projects in the 2017 budget. This was revealed during a Senate session yesterday. The latest demand follows the oversubscription of a similar bond...

Investors in the Nigeria’s power industry have picked holes in the planned N701 billion power intervention fund by the Federal Government. They declared that the fund had the potential to worsen revenue shortfalls rocking the industry. Executive Director, Research and Advocacy for the umbrella body...