OPEC agrees oil cut extension to end of 2018

OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it…

OPEC may cap oil output quotas for Nigeria, Libya

Oman’s Minister of Oil and Gas, Mohammed Rumhi, on Thursday said the Organization of the Petroleum Exporting…

Senate urges FG to summon Libyan Ambassador to Nigeria

The Senate on Wednesday urged the Federal Government to summon Libyan Ambassador to Nigeria on slavery…

OPEC, Russia set for oil cut extension but wary of overheating market

OPEC and Russia look set to prolong oil supply cuts until the end of 2018 this…

Nigeria’s capital importation rises to 147.5% in Q3

The total capital imported in the third quarter has hit 4,145 million dollars, which doubled the inflow…

31 migrants fall into the Mediterranean, eaten by sharks during rescue operation

At least 31 migrants died and 200 were rescued after they were set on by sharks…

Nigeria will no longer permit smuggling from neighbouring countries, says Osinbajo

  Vice President Yemi Osinbajo has said that Nigeria will no longer permit smuggling from neighbouring…

Nigeria ranked 125th out of 137 competitive economies

  Nigeria has moved two steps upward among the competitive economies in the world, according to…

Nigeria implements 70% ECOWAS Common External Tariff requirement 

The Nigeria Customs Service says the country has implemented about 70 per cent of the requirements…

AfDB portfolio in Nigeria over $6 billion, Adesina says

The President of African Development Bank (AfDB), Dr Akinwumi Adesina, has said the bank’s total active portfolio…

Trafigura’s purchases from state oil firms rose in 2016 – Report

Trafigura’s aggregate direct purchases of crude, refined products and natural gas from national oil companies rose…

Shipping companies aiding illegal arms importation into Nigeria, says Customs 

The Comptroller General of Customs, Hammed Ali has accused shipping firms of being responsible for the…