Economy

The Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva led the Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote FNSE, and other heads of agencies under the Ministry of Petroleum Resources to a two-day public...

The host communities in the oil-rich Niger Delta have called for the scrapping of the Niger Delta Development Commission (NDDC) The host communities made the call for the scrapping of NDDC barely 24 hours after a...

Bank of England Governor Andrew Bailey says a "lasting" digital currency has yet to be invented. Speaking during the World Economic Forum yesterday on “Resetting Digital Currencies” the Bank of England governor reacted to a question...

The Senate has commenced a two-day public hearing on the Petroleum Industry Bill (PIB) today. The Bill is an omnibus law meant to regulate the entire sphere of the industry and repeal all current existing oil...

The Rice Millers Association of Nigeria (RIMAN) has expressed its concern over the intense smuggling of rice into the country, following the reopening of some land borders, and the take-off of AFCTA trade agreement. Mr. Peter...

While Nigeria prepares for a revenue shortage in 2021, with plans to borrow about a quarter of the year’s budget expenditure, the country will spend around N7.8 billion on entitlements, severance allowances and other perquisites to...