By Timi Olubiyi THE fact that there has been political stability and democratic governance since 1999 is a laudable development for the country and it makes Nigeria a desired investment destination. A stable democracy for 21 years gives a good perception of the country despite the many challenges. Although, where there is economic growth, there […]

By Michael Eboh THE Federal Government, Tuesday, called on the new members of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) to develop policies and programmes that would ensure the domestication of crude oil refining and growth in the capacity of indigenous operators. Speaking in Abuja, during the inauguration of members […]

Mexico on Saturday refused to extend a cut in oil production (output) to the end of July which was agreed by OPEC members and other key producers. The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Saturday to extend through July the historic output cuts for May and June. But during […]

Chief Operating Officer (COO), Ventures and Business Development of the NNPC, Mr. Roland Ewubare, Friday, disclosed that pipeline vandalism, crude oil theft, among others, were the major contributors to the high cost of crude oil production in Nigeria.

INFLATION has been erratic in the last five years driven by some external and internal factors, including the precipitous fall in crude oil prices in 2016 that saw the country slip into recession coupled with major fiscal moves by the government like the shut-down in land borders in 2019.