Economy

By John Ikani Nigeria, initially planning a Eurobond this year, has opted to postpone it and instead issue a debut dollar bond on the domestic market. This move aims to address the country's budget deficit and...

By John Ikani President Bola Tinubu and President Teodoro Obiang of Equatorial Guinea have formalized an agreement on the Gulf of Guinea pipeline project. Ajuri Ngelale, the Special Adviser to the President on Media and Publicity,...

By John Ikani Nigeria's inflation rate decreased to 33.40 percent in July 2024, down from 34.19 percent in June, marking the first decline since December 2022 when it was 21.34 percent. The National Bureau of Statistics...

By John Ikani The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday, visited the facilities of BEAMCO Nigeria Limited in Lagos and commended the oil and gas service firm...

By John Ikani In furtherance of its long-standing support to African oil and gas producing countries and development of local content in the continent, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Lagos...

By John Ikani Nigerian refineries, including the massive Dangote Refinery, have significantly increased their domestic crude oil needs for the second half of 2024. The demand jump, from 483,000 barrels per day (bpd) to 597,700 bpd,...