Economy

By Emmanuel Nduka ExxonMobil has agreed to buy Pioneer Natural Resources for $59.5bn in stock to become the leading producer in the prolific Permian shale basin of west Texas and southeastern New Mexico. The energy giant...

By John Ikani The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has underscored that implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 is vital to realizing President...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned and handed over a newly completed Information and Communication Technology (ICT) Centre to Community Secondary School, Angalabiri, Sagbama Local Government Area of Bayelsa...

By Enyichukwu Enemanna President of Kenya, William Ruto has assented to a new privatisation law accelerating the sale of state-owned corporations to raise raise funds for the country's budget. A statement issued by the President's office,...

By John Ikani Nigeria's economic growth is expected to slow down from 3.3 percent in 2022 to 2.9 percent in 2023, according to the International Monetary Fund (IMF). This projection was disclosed in the IMF's "World...

By John Ikani Amidst global efforts to combat climate change, the OPEC oil cartel, in its 2023 annual report, stated on Monday that it foresees a continuous rise in crude oil demand over the next two...