President Buhari said yesterday he was committed to the Nigerian oil sector reform, he disclosed he is ready to assent to the Petroleum Industry Governance Bill (PIGB) as soon as the National Assembly pass it to him for assent. Mr, President who made this declaration at the 40th anniversary of the National Union of Petroleum and Natural Gas Workers (NUPENG), in Abuja.

Experts Project’s Brighter Economy In 2019

In spite of increased risk and uncertainty abound naira exchange rate from further declining in the price of crude oil, which dropped below $50 per barrel last week, experts and consumers across the country anticipate the naira to appreciate in 2019.

The Federal Government and leadership of the organised labour are currently meeting at the Ministry of Labour and Employment in Abuja over the minimum wage issue. 

Diamond Bank Appoints Acting Chairman

Following the recent resignation of Mr. Oluseyi Bickersteth as Director/ Chairman of the Board, the Board of Directors of the Diamond Bank Plc on Thursday 27th December 2018 notified the Nigerian Stock Exchange (NSE) of it new appointment in the person of Mr. Dele Babade as acting Chairman effective December 24, 2018.

PDP Vice-Presidential Candidate

The vice-presidential candidate of Peoples Democratic Party (PDP), Peter Obi has spit fire on continued petroleum subsidy by the federal government. Mr Obi who stated this on Channel Television Program tagged “Politics Today” on Tuesday said “any serous government” would prefer to spend fuel subsidy fund to development of healthcare and Education to its citizenry rather than what is obtainable.

Experts Hinge 2019 Stock Market Performance On External, Internal Factors

Some developmental economist and financial experts have asserted the outcome of the forthcoming General Elections, the direction of monetary policy and US-China trade tension as factors that would shape the Nigeria stock market in 2019.

Oil Output Hits 2.09m Barrels, As External Reserve Strikes 43.195bn Dollars

Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru in a comprehensive end-of-year-message to staff of the agency, listed Nigerian Petroleum Development Company (NPDC), Nigerian Gas Company (NGC), Petroleum Products Marketing Company (PPMC), Duke Oil, NIDAS and Integrated Data Services Limited (IDSL) as the re-engineered companies of the NNPC.

Oil Price Slides To $53.82 As OPEC, Struggle To Stabilize Market

The crude oil price has crashed from $57.00 to $53.82 in the international market as the Organization of Petroleum Exporting Countries, (OPEC) and others struggle to achieve stability.

Daily Production by Amarava Rice Mill in Kano Hits 250 Tonnes

According to a revelation by a Kano-based Amarava Rice Mill, by June 2019 it will reach its target of 500 tonnes of daily production, just as it is now producing 250 tonnes daily to boost food-sufficiency.

The Federal government has advised the Nigerian Labour Congress (NLC) to reconsider the 31st December ultimatum issue over the prolonged disagreement between the organised labour and state government on the proposed minimum wage of N30, 000.