OPEC and OPEC+ member countries have finally decided to cut oil production by 9.7 million barrels a day starting on May 1st, 2020 and until June 30th, 2020.

The 10th OPEC/Non-OPEC Declaration of Cooperation Ministerial Meeting to conclude the curtailment of crude oil production by 9.7 million barrels. This also promises an appropriate balancing of Nigeria’s 2020 budget that has been rebased at $30 per barrel.

Engr. Makoju, popularly called Mr. Cement, is bowing out after 45 years of transformational leadership in the cement industry. The Board has however approved the appointment of Mr. Michel Puchercos as his replacement as the Group CEO, effective 1st February 2020.

Equatorial Guinea continues to be proactive in encouraging foreign direct investment into the country

The FGN N100bn Bond auction for March 2019 oversubscribed in excess of 140bn just as in the auctions for January and February.

The Corporate Affairs Commission (CAC), the body responsible for incorporation of enterprises in Nigeria has revealed that it has registered 3,098,193 firms since inception. It said the figures are since the founding in 1990 to March 21, 2019. The number covers all categories of businesses in Part A, B and C. Acting Registrar of the Commission, Mrs Azinge Azuka disclosed […]

Tony Elumelu urges president Muhammadu Buhari to improve electricity so entrepreneurship can thrive at the presentation of 3050 participants in the 2019 TEF entrepreneurs seed funding

Seventeen ships load with fuel and other goods to arrive Nigeria from March 17 to 29

Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License (OPL) 245.

Dr Baru said that as the supplier of last resort, the Corporation would continue to live up to its responsibility by intervening in the supply of deregulated petroleum products like diesel, jet fuel, kerosene and cooking gas to ensure supply sufficiency.