OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output...
The International Monetary Fund (IMF) has said that Nigeria remained vulnerable to oil price volatility and global financial developments, despite assurance from the Federal Government that...
The Central Bank of Nigeria said that the commemorative N100 banknote unveiled recently by the President, Dr. Goodluck Jonathan, is going into circulation from yesterday. This...
Nigeria’s growth rate is expected to slow to about 5 percent in 2015 as falling oil prices cut revenues and spending, the International Monetary Fund said...
Federal Airports Authority of Nigeria is advising operators of all cargo flights to find alternative entry points for their cargo rather than the Murtala Muhammed International...
The Central Bank of Nigeria (CBN) has reviewed the foreign exchange trading position of banks and Bureau De Change operators (BDC’s) from 1 percent to zero...
Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Dr (Mrs) Ngozi Okonjo-Iweala, will today lay the 2015 budget estimates before the two chambers of the...
Oil continued its downward slide on Tuesday, suggesting that US drivers enjoying low gas prices may see even more relief at the pump ahead. The price...
From the appointment as President of the Organization of Petroleum Exporting Countries, OPEC to the President of the Gas Exporting Countries Forum, GECF. Nigeria’s Minister of...
The slide in prices of crude oil, the Nigeria’s major source of revenue has continued to rattle policy makers in the country. The situation is even...
Long queues were noticeable in most filling stations in the federal capital territory on Monday, just as petrol black marketers returned to business in the city....
Fuel scarcity may spread across Nigeria from Monday as oil workers brace for showdown with the Federal Government over various unresolved labour issues. Authoritative sources told...