Environmental Investigation Agency (EIA) in its recent reports has revealed that over 1.4 million illegal rosewood logs from Nigeria, worth $300 million, were laundered into China. The reports by EIA described illegal rosewood logs from Nigeria as one of the largest timber smuggling operations in...

The Peoples Republic of China has disbursed over $30bn in funding support to Nigeria and other African countries to drive its cooperation plans on industrialisation and agricultural modernisation. The Director, Centre for China Studies, Mr. Charles Onunaiju, said the fund was part of the $60bn...

Oil prices has risen over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at 57.84 dollars. U.S. West Texas Intermediate (WTI) crude...

The internet is one of the fastest-growing areas of technical infrastructure development in Nigeria and the world at large. Cyberspace is a world that contains just about anything one is searching for. With the advent of these advancements in information accessibility and the advantages...

Gets further commitments from Sinopec, CNOOC to close $20bn upstream deals in months The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MoUs) with several Chinese firms for over $80 billion new investments, spanning five years, in...

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,...