Agric sector records 3.15% growth in GDP to 11.87trn
The agricultural sector comprising crop production, livestock, forestry, and fishing recorded a 3.15 per cent, year-on-year growth in real Gross Domestic Product (GDP) to N11.87 trillion in the first quarter of 2026 (Q1’26) from N11.51 trillion in Q1’25.
Nipco set to expand oil retail business with 200 stations
THE Managing Director of Nipco plc, Girish Sanadhya has advanced reasons why the company embarked on massive retailing of petroleum products through its partnering service stations across the country under a novel branding scheme even as he explains.
Nigeria ’s oil industry defective, says Total boss
By Oscarline Onwuemenyi ABUJA -THE Chief Executive Officer of Total Worldwide, Mr. Christopher De Margerie, has urged the Nigerian authorities to fast-tract the reforms in the petroleum sector, even as he called for caution in its execution.
Agro-based economy still the best for the country-Amao
FOLLOWING the seeming failure of the federal government to improve the lot of its citizenry inspite of its 50 years of oil exploration and production an Agro-based economy has however been identified as a sure way to bring succor to the ordinary Nigerian.
Nigeria loses $1.5bn to foreign seafarers – NIMASA boss
THE dearth of skilled personnel to man vessels operating in the country has cost the nation about $1.5 billion as wages paid to foreign seafarers, mainly Filipinos, operating in the country.
Exxonmobil signs $190 million MoU with Acergy
MOBIL Producing Nigeria (MPN) a subsidiary of Exxonmobil and one of the major upstream operators in the Nigerian oil and gas industry has signed a memorandum of understanding (MOU) with Acergy, an oil serving firm for the revamping of three of its well-heads platforms offshore Nigeria in water depths of about 35 meters.
The contract which is valued at about 190 million dollars is said to also include an option exercisable by MPN for up to five further platforms
