67% of African Population Have no Electricity - World Bank

Only one in three people in sub-Saharan Africa has access to electricity considerable amount of electricity supply and, when available, it can be unreliable and unaffordable, the World Bank Group Pre…

Petroleum Marketers Demand Payment of Subsidy As Condition for Fuel Availability

Yesterday, Oil marketers came out to give three conditions for continued supply and distribution of petroleum products, as shortages crept in once again with fuel queues noticeable in some parts of A…

Oil Price May Remain Low Till 2017

Any hope of seeing an increase in value of oil price from its current low level may not come to reality as soon as expected, as the Organisation of the Petroleum Exporting Countries, OPEC, has made a…

High Dollar Exchanging Rate Snuffing Out Importation and Air Cargo Business

The high exchange rate of the naira to other currencies has grounded air cargo business in Nigeria as checks by newsmen revealed that clearing agents and aviation handling companies last experienced …

Nigerian Crude Export Falls Further

Nigeria's economic status is not smiling in the least. Crude oil, the country's main economic stay,keeps on suffering set backs on international market. Nigeria's crude oil export for November may ha…

Nigeria to Resume Crude Export to US

Hope of resumption of crude oil export from Nigeria to the United State of America has been renewed by the president of a Washington-based Global Water and Energy Strategy Team (GWEST), Paul Wihbey. …

Drones to Guard Nigeria's Oil Sector

Respite may have come the way of managers of the Nigeria's oil assets and infrastructure as the Nigerian National Petroleum Corporation (NNPC) said it has concluded plans to deploy drones across the …

Segun Agbaje GTBank CEO Is the New CEO of the Year in Africa

Mr. Segun Agbaje, the Managing Director/CEO of Guarantee Trust Bank plc has been awarded the CEO of the Year award and this award was presented at the 2015 Finance Monthly Global Awards that was held…

Ford Motor Company Prepares to Open Assembly Plant in Nigeria

Things seem to be looking up for the Nigerian economy as Ford Motors, the American brand, is set to set up one of its assembly plants in Nigeria. This was made known to Reuter by the spokesman for th…