Economy

By Emmanuel Nduka The Federal Government of Nigeria has confirmed that it spent a whooping N1.4bn to purchase 10 Toyota Land Cruser V8 jeeps for the Government of Niger Republic. A Budget Office document dated July...

By John Ikani  The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that 60% of its Human Capacity Development, HCD, budget would be applied to institutional upgrade. The Executive Secretary of the NCDMB, Engr. Simbi...

By Enyichukwu Enemanna The Federal Government of Nigeria has assured that the ongoing rehabilitation of the Old Port Harcourt Refinery would be completed and put to use by the first quarter of 2023. Managing Director of...

By Emmanuel Nduka The Organization of Petroleum Exporting Countries (OPEC) have increased Nigeria’s oil quota to 1.830 million barrels per day in September 2022, from 1.826 million barrels per day in August 2022. According to OPEC,...

By Emmanuel Nduka Nigeria's Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that Federal Government's subsidy on Premium Motor Spirit (PMS) has not been removed completely. The minister made this clarification during a chat...

By John Ikani  The Nigerian Content Development and Monitoring Board (NCDMB) has promised to deepen its collaboration with the Society of Petroleum Engineers (SPE) towards domesticating the technologies that are currently deployed to operate the energy...