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Over N3 trillion out of the N4.2 trillion intervention funds disbursed by the Central Bank of Nigeria (CBN) are outstanding as of December 31st, 2020. This is according to data from the recently released fourth-quarter economic report…

An Italian court has declared Shell, Eni and their managers all acquitted in the controversial Malabu scandal. They were all acquitted by the court yesterday. The Malabu scandal involved the transfer of about $1.1 billion by Shell and…

The Commissioner for Environment in  Akwa Ibom State, Mr Charles Udoh, has restated the state government’s commitment to tackling environmental challenges in the interest of public health. Udoh told newsmen in Uyo, the state capital, on…

The World Trade Organization (WTO) has said that it would prioritize agricultural trade issues in Nigeria to help the country circumvent its economic difficulties and transit from an oil and gas-based economy. Newly-elected…

A report by the National Bureau of Statistics (NBS) shows that the rise in the cost of foods (and other non-agric items) has pushed the country’s inflation rate to 17.33 percent in February 2021. The NBS said on Tuesday that food…

"In NNPC, we've continued to make giant strides in inland rift basin exploration. Our sustained quest is informed by the matured G&G evaluations & the practical discoveries of commercial quantities of hydrocarbons in neighbouring…

The Nigerian Stock Exchange rebounded with a gain of 0.41 percent on Tuesday, where the All-Share Index expanded by 158.97 basis points from  Monday's 38,561.84 basis points and stood at 38,720.81 basis points today. The Market…

Nigeria is on course to become the world’s largest manufacturer of composite cylinders with the groundbreaking of Rungas ALFA plant performed on Friday by the Minister of State for Petroleum Resources, Chief Timipre Sylva, at Alaro City,…

Nigeria's oil exploration according to reports dropped by 70 per cent in February 2021, according to the Organisation of Petroleum Exporting Countries, OPEC. In its March 2021 report obtained by Energy Vanguard, the organization put the…

Nigeria’s inflation rate rose to 17.33% in February 2021, from 16.47% recorded in the previous month. This represents the highest inflation rate recorded in four years. This is according to the latest inflation report published by the…