Economy

By John Ikani Nigerian Content Development and Monitoring Board (NCDMB) and Shell Nigeria Exploration and Production Company (SNEPCO) on Wednesday recorded a major breakthrough in capacity building for oil- and gas-related offshore operations with the graduation...

By Emmanuel Nduka The Nigerian Civil Aviation Authority (NCAA) has suspended the "PERMIT FOR NON COMMERCIAL FLIGHTS (PNCF)" of 10 Private Jet Operators in Nigeria for what it termed "flagrant disregard" of its rule. Heritage Times...

By Emmanuel Nduka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim, to acquire assets. The regulator's...

By John Ikani Nigeria has emerged victorious in its bid to host the headquarters of the newly established African Energy Bank (AEB) in its capital city, Abuja. This was made known by the Minister for Petroleum...

By Lucy Adautin The Australian government has announced a US$1.3 billion deal with Amazon to create a custom cloud server for top-secret military intelligence. Amazon Web Services (AWS) will design a "top secret" cloud for Australia's...

By Emmanuel Nduka  African Export-Import Bank (Afreximbank) shareholders have approved an increase in the authorised share capital from $5 billion to $25 billion. Disclosing this in a statement on Wednesday, Vincent Musumba, Afreximbank’s manager of communications...