Apprehension over 2015 elections, crude oil price stifles optimism for economy

Optimism of improved economic activities in 2014 among economic operators is been stifled by apprehension over political activities in preparation for the 2015 elections,...

Brent tops $107 in rebound, Libya supply curbs gains

 Brent crude edged over $107 a barrel on Monday, bouncing back from its biggest weekly fall in six months, but the restart of a...

Oando stock up 68 percent in a month as investors buy upstream story

The stock of Oando a Nigerian energy company has risen by 68 percent in one month (Dec 3, 2013 – Jan 4, 2014) as...

Presidency denies fraud allegation over N1.8bn Bayelsa power project

President Goodluck Jonathan is asking the National Assembly to appropriate about N1.8 billion this year to help connect his home state of Bayelsa, to...

LNG deal ushers in tighter Shell spending regime

Royal Dutch Shell PLC’s new boss, Ben Van Beurden will be able to point to a clear downward trend in spending this year, thanks...

Presidency silent over revenue sharing formula report

Weeks after the completion of the draft report on the proposed new revenue allocation formula, The Presidency is said to be in a dilemma...

NNPC: $10.8bn not missing, part of unpaid operational costs

The Nigerian National Petroleum Corporation (NNPC) has said the disputed $10.8 billion, which has not been paid into the Federation Account, is not missing...

Crude oil extends losses; traders anticipate Libyan supply

Crude oil prices dropped on both sides of the Atlantic for the fourth straight session on Friday as traders anticipated the return of Libyan...

Nigeria hopes to attract Chinese investors with new petroleum industry bill

As Nigeria's government prepares to carry out the Petroleum Industry Bill (PIB) that will give investors "long-term" investment prospects, the country, which is Africa's...

Dangote, Alakija, Rabiu, Adenuga make N2trn in 2013

The combined net worth of four Nigerian billionaires, Aliko Dangote, Mrs. Folorunsho Alakija, Abdulsamad Rabiu and Mike Adenuga, grew by N2.024 trillion ($12.65 billion)...

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