Business

The Federation Account Allocation Committee (FAAC) on Tuesday shared N655.17 billion to the three tiers of government as revenue for January. Minister of Finance, Mrs Kemi Adeosun, told newsmen on Tuesday in Abuja that the N655.17…
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The account of the Nigerian National Petroleum Corporation (NNPC) is increasingly over-burdened as the landing cost of Premium Motor Spirit (PMS), otherwise called petrol, has risen following the recent surge in global oil price, analysts…
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Oil price rose further above $68 a barrel on Thursday to the highest since May 2015, supported by unrest in Iran that raised concerns about supply risks, cold weather in the United States (U.S.), boosting demand and OPEC-led output cuts.
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The Minister of State For Petroleum Resources, Dr Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price…
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India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like “Ponzi schemes.” The ministry in a statement said cryptocurrencies are not…
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Oil prices have touched two-and-a-half year highs in light volume boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.
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The Federal Government on Monday said the sum of N750bn would be released this week to Ministries, Departments and Agencies of government for implementation of capital projects contained in the 2017 budget.
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Fuel scarcity is fast spreading across the states resulting in long queues at filling stations, even as the price of the commodity soared to between N160 - N180 per litre, Daily Trust findings revealed.
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Oil prices is expected to rise further as the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC talks ended with an agreement to extend the production cut deal through the end of 2018.
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The Federal Executive Council on Wednesday approved the hiring of a consultant to conduct a study that will aid the implementation of the present administration’s Economic Recovery and Growth Plan.
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