NCDMB, PETAN Seal $30m Working Capital Scheme Pact         The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse...

Nigeria’s Q3 Oil Exports Rise By 56% To N2.42trn         Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of struggling to find buyers amid the collapse in demand. Crude oil exports grew in value by 56...

Oil Rises above $50, Highest In Nine Months         The international oil benchmark, Brent crude, soared above the $50 per barrel mark on Thursday for the first time since early March, buoyed by hopes of a faster demand recovery as countries start to roll out COVID-19...

GITEX 2020: NITDA Creates Big Data Platform To Scale Up Investments In Digital Economy         As the global economy is rapidly transforming through creative innovations, Nigeria has created Big data platform to improve data gathering for service delivery. The Director General of National Information Technology Development Agency...

OPEC, Russia Deal Raises Hope For Crude Oil         A fresh hope for oil producing countries such as Nigeria, and Algeria was raised at the weekend as oil prices hit the highest level since early March after major producers agreed to a cautious increase in output...

Labour Drums Support For CBN Over Naira Value     Organized labour has commended the recent measures of Central Bank of Nigeria (CBN) aimed at shoring up the value of the Naira. The Naira recently reversed its depreciation trend in the parallel market, recording N20 gain against the...