The Federal Government say it will spend a total of N505.6bn on 116 ongoing water projects across the country. It also stated its total outstanding liabilities to contractors handling some water projects was N88.8bn as at 2015. The Minister of Water Resources, Mr. Suleiman Adamu, gave...

The Niger Delta Avengers has disowned a statement to the effect that the militant group had agreed to negotiate with the federal government to end the current crisis in the Niger Delta region. Yesterday’s rebuttal was sequel to a statement released earlier in Abuja by...

In a bid to check the arbitrary increase in the pump price of kerosene, the Federal Government has placed an order for massive importation of the product, oil marketers have said. According to them, the government has also ordered huge importation of Automated Gas Oil,...

The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According to DMO’s auction result obtained from its website on Wednesday, it sold N40bn of 2021 paper at 14.50 per cent. It...

Following the total deregulation of the downstream sector of the oil and gas industry, petroleum products are now thrown up to the forces of demand and supply, most especially, Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) – diesel. However, the Dual Purpose Kerosene...

The National Security Adviser (NSA) Babagana Monguno has said government would withdraw the operating licenses of fertilizer plants in Nigeria over alleged exports that have caused scarcity. He spoke in Abuja during a meeting with representatives of Notore Petrochemical and Indorama Eleme Petrochemical, the only...