The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the
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Inflationary pressures are gradually easing across the globe but remain rampant in Africa’s largest economy. Unlike the United States which has witnessed consumer prices coming down from a peak of
BY GABRIEL OGUNJOBI For more than 50 years, Nigeria’s economic mainstay has been crude oil but the oil wealth comes at a great cost: the non-renewable energy source rivals citizens’
BY GABRIEL OGUNJOBI Idowu Abimbola was leaning on one of the moored boats, knitting new silk to fix a tangled fishing net. The sun had set, and while many fishers
Odein Ajumogobia, former minister of state for petroleum resources and chairman of FIRST Exploration and Petroleum Development Company Limited (FIRST
The Nigeria Extractive Industries Transparency Initiative (NEITI) says revenue from the oil and gas sector amounted to $394.02 billion from
Mohammed Abdullahi, minister of environment, says the ongoing Ogoni clean-up will not be completed under the administration of President Muhammadu
Sharon Ikeazor, minister of state for the environment, says the National Oil Spill Detection Response Agency (NOSDRA) has commenced overflight operations at
The price of Brent crude rose to the highest in two months amid supply constraints and a drop in crude
Peter Obi, former governor of Anambra state has advised state governments to improve their revenue generation capacity. The Federal Inland Revenue
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