According to rough statistics, 27 provinces in China has recently announced the economic data in the first three quarters of this year. 23 of them have seen their economic growth turn positive, reported Shanghai Securities News on Tuesday. The other four regions, Liaoning Province, Hubei Province and the Inner Mongolia Autonomous Region had negative while … Read more

Taiwan’s government appreciated the United States on Tuesday for its plans to sell a coastal defence cruise missile system with 100 Harpoon anti-ship missiles for 2.37 billion dollars. Presidential spokesman Xavier Chang said Taipei expressed sincere gratitude to the U.S. after the official notification of the sale to Congress was issued by the U.S. State … Read more

By Michael Eboh The net asset value of the Nigerian National Petroleum Corporation’s, NNPC, oil and non-oil assets appreciated by 18.53 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. NNPC’s oil and non-oil assets, according to its recently published 2019 Audited Financial Statement, included evaluation and exploration … Read more

Stock photo of an offshore oil rig“Without natural capital accountability GDP growth is meaningless’ By Sebastine Obasi Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in July, the rig count … Read more

By Gabriel Ewepu Mining professionals, under the aegis of Miners’ Association of Nigeria, MAN, have called on the Federal Government to carry them along in the planned resuscitation of Ajaokuta Steel Company Limited, ASCL. This proposition is coming against the backdrop of the agreement reached between the Federal Government and the Russian government to commence … Read more

ENERGY The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB).   The new PIB is currently before the National Assembly for consideration. The downstream oil and gas sector are currently regulated by the … Read more

By Peter Egwuatu Following the impact of the Covid-19 pandemic, coupled with the #EndSARS protests that led to the looting and destruction of businesses, an economy expert has called on banks to initiate interest free loan. This is coming as Access Bank Plc announce N50 billion interest-free loans and grants to support communities, the youths, … Read more