Nigerian economy projected to grow at 12% with stable power

A renowned economist and former Chairman of the asset-management division of the Goldman Sachs Group, Mr. Jim O’Neill has said that the Nigerian economy...

About 311 investors partner FG on power financing

Over 311 investors have expressed  interest to partner the federal government on the financing of power sector. The Permanent Secretary of the Ministry of Power,...

Senate approves Emefiele as CBN governor

The Managing Director/Chief Executive Officer of Zenith Bank, Mr. Godwin Emefiele, was yesterday confirmed by the Senate as the governor of the Central Bank...

Oando Energy Resources completes acquisition of Medal Oil

Oando Energy Resources, a company focused on oil and gas exploration and production in Nigeria, has completed the acquisition of Medal Oil Company. The purchase...

Why Nigerian banks are reluctant to finance oil projects – Expert

The Managing Director, Intelligent Flow Stations Limited, Babs Oyeneyin, has explained why banks are reluctant to finance oil and gas projects. Their reluctance is...

Donors’ financial commitment to Nigeria’s power sector to hit $2b by 2018

The financial commitment from donor countries to the Nigeria’s power sector is expected to hit $2 billion by 2018. Director and Representative of the United...

Devaluation will end up killing the Naira – Buhari

President Muhammadu Buhari has declared that he was yet to be convinced that Nigeria and its people will derive any tangible benefit from an...

Forex access remains huge challenge to fuel importation – Total

Total Nigeria Plc has stated that access to Foreign Exchange (forex) remains a huge challenge in its petroleum marketing business despite the removal of...

Senate passes MTEF, keeps $38 per barrel oil benchmark

The Senate on Wednesday approved the 2016, 2017, 2018 Medium Term and Expenditure Framework (MTEF) submitted to the National Assembly by President Muhammadu Buhari...

Senate passes N4.695 trillion budget

The Senate Wednesday passed a N4.695 trillion budget for the 2014 fiscal year. This come as the House of Representatives is equally likely to consider...

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