Fed Govt Reduces Price Of Petrol To N162.44 Per Litre         The Federal Government has reduced the pump price of premium motor spirit otherwise know as petrol from N168 per litre to N162.44 per litre effective from December 14, 2020. Minister of Labour and Employment, Chris Ngige...

FG Signs Investment Promotion Pact With Morocco, Singapore       The Federal Government on Monday announced that it had signed an investment promotion agreement with Morocco and Singapore. It also stated that it was in talks with the World Bank to develop a strategic plan for trade and...

Oil Exploration Activities Decline, Threaten 40bn Reserves Target           Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development which may be threatening the Federal Government’s plan to restore growth in...

We’ll Resuscitate Ajaokuta Steel, Ore Mining Firm – Fed Govt         The Federal Government is working to resuscitate the Ajaokuta Steel Company Limited and National Iron Ore Mining Company Limited at the same time, the Permanent Secretary, Federal Ministry of Mines and Steel Development, Oluwatoyin Akinlade,...

Petrol Price May Hit N180 As Oil Nears $50         The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to marketers, as oil prices extended their rally on Monday, with Brent crude trading near $50 per...

Pension Fund Assets Now N11.56trn         The total value of pension fund assets rose to N11.56 trillion by the third quarter ended September 30, 2020. Third quarter report of the National Pension Commission (Pencom) released at the weekend showed that about three-quarters of the total pension assets...