Nigeria adopts wait and see to join OPEC production caps; Kachikwu says peace in Niger Delta is a decider
Nigeria is not opposed to joining OPEC production caps but will have to wait and see production back to acceptable levels. The Minister of State for Petroleum Resources, Dr. Ibe…
Privatisation of power sector not working, Senate wants review; PENGASSAN lauds FG on refineries
The Senate has called for a review of the privatization of the country’s assets, especially power, done by the Goodluck Jonathan administration on the ground that it is not working….
OPEC meeting favours extension of output cuts as Oando chief predicts jump to 2.2m barrels per day in Nigeria
OPEC and non-OPEC ministers are about now meeting for informal consultations in Vienna in a last-ditch bid to agree the duration of oil output cuts. The ministers would also seek…
14% MPR irks MAN, wants a reduction
The Manufacturers Association of Nigeria (MAN) Ogun Chapter, has condemned the retention of interest rate by the Monetary Policy Committee of CBN at 14 per cent. The MAN Chairman, Mr…
Speed up conversion of illegal refineries to modular refineries – Group tell FG
An activist group in Nigeria’s oil-rich Delta region has called for the government to advance plans to allow illicit bush refineries to be converted into legal operations. Nigeria is pushing…
For the fifth time, GDP shrinks by -0.52%, agriculture, ICT lead growth in non-oil sector
For the fifth time in a row since Q1 2016, the nation’s Gross Domestic Product (GDP) contracted by –0.52% (year-on-year) in real terms. According to the latest statistics from the…
I will resign in 2019 if Nigeria continues to import fuel – Kachikwu
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said he would resign his appointment if Nigeria continues to import fuel by 2019. Kachikwu stated this during an interview…
Lai Mohammed in China, says FG to equip 15,000 creative industry professionals
The Federal Government says it will equip about 15,000 creative industry professionals by 2017, through its N–Power Creative Programme. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this…
Zinox commends FG for signing Executive Order on local content
Chairman of Zinox Group, Dr. Leo Stan Ekeh has commended the Federal Government on the recent signing of an Executive Order compelling its agencies to buy Made-in-Nigeria goods and services,…
MAN to CBN: Reduce lending to grow productivity
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to drop the lending rate from 14 per cent to accelerate productivity and economic growth….