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Nigeria is preparing to persuade the Organisation of Petroleum Exporting Countries (OPEC) to increase its oil production quota as the country’s crude output recovers from years of decline. The chief executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, said the ...

Four African countries, namely, Nigeria, Ghana, Côte d’Ivoire, and Senegal have recently secured landmark investments totaling about $25billion aimed at boosting industrial capabilities in these benefiting nations. To this end, Ghana has signed a $12 billion deal with the TCP-UIC ...

Vice President Kashim Shettima has joined other world leaders to push for the full implementation of the African Continental Free Trade Area (AfCFTA) with a target to boost Africa’s economy to $29 trillion by  2050. He restated Nigeria’s readiness to spearhead the ...

Construction giant, Julius Berger Nigeria Plc, has tendered an apology to the Nigerian Senate for consistently failing to honour the lawmakers’ invitations to provide explanations regarding abandonment of projects in the country. Recall that last month, the Senate at the plenary ...

Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Limited (Exchange) from MTN Nigeria Communications Limited (MTN) due to the non-payment of interconnect charges. NCC’s director of public affairs, Reuben Muoka, in a statement released on Friday, disclosed ...

Six years after the initial agreement to a currency swap deal, China’s central bank, People’s Bank of China has renewed its bilateral currency swap agreement with the Central Bank of Nigeria to the tune of N3.28 trillion naira or 15 ...

…Announces Zonal Cleanliness Champions in Nigeria Clean-up Nigeria has named Akwa Ibom as the cleanest state in South South following the seventh edition of the public presentation of the State of the Nigerian Environment, (STONE) tagged “Stone 2024 Unplugged.” The ...

The Economic Community of West African States (ECOWAS) is ramping up preparations to introduce its single currency, ECO, following a consensus reached during its 65th Ordinary Session. This announcement was made in a communiqué released after the 66th ordinary session ...

The value of the naira appreciated by nearly N100 and over five per cent in the course of the just ended week as speculators are wary of which way the value of the currency will go in the wake of ...

Deposed Syrian President Bashar al-Assad and his family have arrived in Moscow, Russian state media agencies reported, citing sources within the Kremlin. Reports also said that Assad and his family have been granted asylum by Russia. However, the report has ...