Nigeria must use its oil wealth to prepare for a future when the world no longer runs on fossil fuels, Vice-President Yemi Osinbajo has said. Osinbajo said on Thursday that the country, a member of the Organisation of Petroleum Exporting Countries, needed to develop renewable energy and help other businesses flourish to “adjust to the […]

The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said the decision of the Federal Government to refinance its $3bn worth of short-term Treasury Bills into longer tenured international debt was expected to save the country N91.65bn per annum. Adeosun said this in a statement issued by her Media Adviser Mr. Oluyinka Akintunde. The Finance […]

Members of the House of Representatives on Thursday protested as President Muhammadu Buhari requested their permission to present the estimates of the 2018 budget to a joint session of the National Assembly. The President asked to be allowed to lay the estimates on Tuesday, November 7. His request was contained in a letter that the […]

The Federal Government is set to begin strict border controls on the physical movement of dollars and other foreign currencies. This is expected to mitigate foreign exchange scarcity and check money laundering activities, it was learnt. A draft law to ease dollar shortage by restricting movement of hard currencies in and out of Nigeria has […]

After it commenced the search for crude oil at the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation on Thursday announced that it had started mobilising for oil exploration in the Benue State area of the trough. The Group Managing Director, NNPC, Maikanti Baru, led a delegation from the […]