Economy

Economy

Economics and Sociology

No Stolen Nigerian Crude Oil in China, NNPC Insists

Africa Press-Nigeria: The Nigerian National Petroleum Corporation (NNPC) has clarified that it did not lose 48 million barrels of crude oil to theft, describing an...

ADM Energy and partner qualify for Nigeria’s marginal oilfield bid round

Africa Press-Nigeria: resources investing company, is pleased to announce that it has successfully pre-qualified in the Nigerian Government’s 2020 Marginal Field Bid Round (“Bid Round”)....

Buhari receives corruption allegations against Malami

Africa Press-Nigeria: Anti-corruption groups in Nigeria have submitted corruption allegations against the Attorney General of the Federation and Minister of Justice, Abubakar Malami to President...

Orji Kalu replies Akpabio after being named in contract scandal

Africa Press-Nigeria: The Chief Whip of the Senate, Senator Orji Uzor Kalu, has insisted that the Niger Delta Development Commission (NDDC) has not paid any...

Orji Kalu replies Akpabio after being named in contract scandal

Africa Press-Nigeria: The Chief Whip of the Senate, Senator Orji Uzor Kalu, has insisted that the Niger Delta Development Commission (NDDC) has not paid any...

World Bank Approves $500m Credit Line for Girls’ Empowerment

Africa Press-Nigeria: The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment towards improving secondary education opportunities...

NDDC: THE SENATE MISSES THE POINT

Africa Press-Nigeria: Etim Etim argues that the interventionist agency is better managed by the Ministry of Niger Delta Affairs In announcing the findings of its probe...

NNPC averts $125m fraud targeted at FG by syndicate

Africa Press-Nigeria: The diligence of the Management of the Nigerian National Petroleum Corporation, NNPC in collaboration with officials of the Federal Government has saved Nigeria...

Foreign reserves drop by $673.13m in two months

Africa Press-Nigeria: The country’s foreign reserves fell by $673.13m from $36.57bn on June 1 to $35.89bn on July 28, the latest figures from the Central...

Nigerian govt to begin cost cutting in petroleum industry —Sylva

Africa Press-Nigeria: The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday the Federal Government had embarked cost-containment measures to strengthen the oil...