NNPC cuts loss to N1.7b

The Nigerian National Petroleum Corporation (NNPC) has recorded a 99.7 per cent reduction in its loss…

We spend over 40 percent of our production overhead on electricity in Nigeria,says MAN

The Manufacturers Association of Nigeria says its members spend over 40 percent of their production overhead…

FG will finance 2021 budget with concessionary loans, earmarks N19.3bn as security votes for DSS, others

The Federal Government has said it would finance the 2021 budget with concessionary loans instead of…

COVID-19 pushed 115 million people into extreme poverty – World Bank

The World Bank, in a statement on Wednesday, said the pandemic compounds conflict and climate change,…

PENGASSAN begins 3-day strike over IPPIS

Some branches of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Wednesday,…

Naira gains, exchanges for N457/$

The naira gained slightly, as it exchanged to the dollar at N457/$ at the parallel market…

NUPENG, PENGASSAN direct members in Chevron to shut down operations

Labour unions in the oil and gas sector have directed their members in Chevron Nigeria Limited…

Oil will reduce its relevance by 2040 – Sylva

The Minister of State for Petroleum, Timipre Sylva, on Monday, in Abuja declared that the days…

It was hoodlums who threw stones at train, not bandit’s attack- NRC clears air

The Nigerian Railway Corporation (NRC) has denied reports of alleged bandits attacks on Abuja-Kaduna train KA4…

Arik Air resumes operations as union shelves strike

The management of Arik Air has announced the resumption of normal flight operations after Monday’s disruption…