News

Olam International Limited, a Singaporean agro-allied company, on Tuesday offered to acquire Dangote Flour Mill (DFM) Plc in a bid worth N130 billion. Dangote Flour Mills, in a notice to...

The Organisation of the Petroleum Exporting Countries (OPEC), is upbeat at the prospect of the Dangote Oil Refinery, in driving world crude oil refining capacity increase especially in Africa by...

The National Production Monitoring System recently deployed by the Department of Petroleum Resources as an accounting solution for crude oil and gas is expected to engender transparency, curb crude oil...

World oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major...

WITH the ‘discovery’, development, production and abandonment of Oloibiri – Nigeria’s pioneering oilfield — between 1956 and 1979, the impression created was that Bayelsa remains a state with little oil,...

After hearing Microsoft Corp. co-founder Bill Gates give a speech about the internet three decades ago, Eric Yuan decided he wanted to become part of the Silicon Valley dot-com boom....

Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts. Analysts...

Jumia CEO, Sacha Poignonnec, is coming under heavy fire over comments he made recently in an interview. https://twitter.com/Danfar_/status/1117450009933275136 “Jumia is completely African. We operate exclusively in and we have over 5000 workers...

The Central Bank of Nigeria (CBN) has assured investors and the international business community that the country having gone through a successful election is ready for huge investments. Understands that the...

The International Monetary Funds (IMF) has asked the Nigerian Government to consider the complete removal of fuel subsidy. IMF Managing Director, Christine Lagarde, who said this at a press conference...