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Oil prices rose to over $58. 17 per barrel on Wednesday in the international market following commitment to output cut by members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members. Specifically, the price of…

The International Monetary Fund said on Wednesday it is launching a new method of assessing debt sustainability for countries with access to financial markets to more accurately predict risks of financial crises and improve transparency.…

The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) has commended the progress made by Nigeria to conform with the agreement on Crude oil production cut. The group gave the…

The Nigerian National Petroleum Corporation (NNPC), Seplat Petroleum Plc and several others have partnered and secured a $260,000,000 funding for the ANOH Gas Processing Company (AGPC) project. According to a statement released by NNPC…

The Department of Petroleum Resources (DPR) says that Dangote's $12 billion Refinery has reached 80.3 per cent completion. In its latest reports, the DPR disclosed that the plant, located at Lekki Free Trade Zone is blessed with 650,000…

Global stock markets gained for a second day on Tuesday, spurred by increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their new-found interest in silver. Positive momentum…

The World Bank said it was suspending the first tranche of $100 million in a programme to fund free schools in DR Congo over “fraud and corruption” in the country’s education sector. In a statement from the World Bank, information showed…

The Minister of State for Petroleum Resources, Chief Timipre Sylva has performed the groundbreaking ceremony of an Energy Infrastructure Park being developed by Atlantic International Refinery and Petrochemical Limited in partnership with…

The Department of Petroleum Resources (DPR),  has said that the Federal government will be moving the headquarters of the industry regulator from Lagos to Abuja; Nigeria's Federal Capital. This was confirmed by DPR Director and Chief…

The Pricewaterhouse Coopers (PWC) holdings; one of the Africa's service providers says Nigeria has much as $900 billion worth of dead capital locked up in residential real estate and agricultural land, including the federal government’s…