The National Bureau of Statistics (NBS) on Monday restated that the country was out of recession. The Head of Public Affairs and International Relations Unit, Sunday Ichedi, said this in a statement in Abuja. Ichedi was reacting to claims that…
Nigeria wastes $1trn earned in oil booms- Report
But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil booms to develop and diversify its economic base, a report…
Osinbajo intervenes in Total’s $16bn Egina oilfield dispute
Yemi Osinbajo, acting president is set to be in Lagos Friday in an effort to resolve the dispute threatening the ongoing integration of the $3.3 billion Floating Production Storage Offloading (FPSO) unit constructed for the $16 billion Egina Deepwater oilfield…
Militants threaten to renew hostilities on oil facilities in Nigeria
Agitators and militants in the Niger Delta of Nigeria hinted on Tuesday, a return to hostilities on oil facilities in the region after they called off the subsisting seven-month ceasefire with the country’s Federal Government brokered November last year, by…