How Buhari Plans To Fast-track NNPC Reforms


An inter-ministerial committee will soon be inaugurated to speed up the planned restructuring of the Nigerian National Petroleum Corporation (NNPC).

NDIC: Buhari Re-Appoints Jonathan’s Man, Umaru Ibrahim


Umaru Ibrahim, the managing director/chief executive of the Nigeria Deposit Insurance Corporation (NDIC), will continue his tenure as President Muhammadu Buhari has re-appointed him for another five years.

Why IMF boss, Lagarde, Visited Nigeria

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, arrived Abuja on Monday to begin a four-day visit to Nigeria.

Financial Markets Hit By Global Unease

Stock markets have fallen after a sharp decline in Chinese shares, while oil and gold prices have increased as tensions rise in the Middle East.

Trading in China's main stock markets ended early on Monday after the indexes tumbled 7%.

Port Harcourt Refinery To Resume Production In One Week – Kachikwu


Minister of State for Petroleum Resources, Ibe Kachikwu, has said that the Port Harcourt refinery would start production in the next one week.

The minister made the statement during his Christmas visit to the plant in Alesa Eleme in Rivers State on Friday.

Nigeria To Reduce Gasoline Prices, Scrap Subsidy Jan. 1


 Nigeria’s Petroleum Minister of State, Emmanuel Kachikwu, has said that the West African country would reduce gasoline costs and scrap a fuel subsidy under a pricing mechanism to come into effect from January.

How Buhari Plans To Boost Nigeria’s Economy With $25b

The Federal Government of Nigeria is considering launching a $25 billion infrastructure fund to bridge the gap between government revenue and financing requirements for much-needed infrastructure.