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Petrolex Mega Oil City to ease Apapa Gridlock by 60%
Petrolex Group, a leading energy conglomerate in Nigeria will commission the first phase of its mega Oil city at Ibefun, Ogun…
CBN, NEXIM approve release of N550b loan to non-oil exporters
The Central Bank of Nigeria (CBN) and Nigeria Export-Import Bank (NEXIM Bank) have approved the release of N550 billion loan to…
Abuse naira, go to jail, CBN warns Nigerians
The Central Bank of Nigeria (CBN) on Friday warned Nigerians against abusing the naira notes.
The apex bank said that anyone…
Fuel scarcity: Panic as PENGASSAN threatens nationwide strike
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a seven-day ultimatum to the Federal…
38 new gas flare sites discovered by FG, W’Bank
Over 38 more Gas flare sites have been discovered in the country by the federal government working in conjunction with the world…
FG directs Kachikwu to end fuel scarcity
The Federal Government on Wednesday directed the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, to put an end to fuel…
Senate wades into fuel scarcity crisis, to inspect filling stations across…
The Senate Committee on Petroleum Downstream says plans have been concluded for it to conduct nationwide inspection of filling…
Christmas Bonus: Ugwuanyi approves 13th month salary for Enugu workers
Governor Ifeanyi Ugwuanyi on Tuesday approved a 13th month salary for civil servants of the state to celebrate the forthcoming…
Foreign reserve hit 3 years high at $38.2billion
The Central Bank of Nigeria has disclosed that the nation's foreign reserve has reach $38.2 billion, the first time in nearly…
Reps approve 2018-2020 MTEF document, increase oil price benchmark to from…
The House of Representatives on Tuesday approved the 2018-2020 Medium Term Expenditure Framework, MTEF, while also increasing the…