News
OPEC, Non-OPEC ministers agree to cut 100,000BPD for September to stabilize oil market
By Bassey Udo The 32nd OPEC and non-OPEC Ministerial Meeting held a videoconference on Monday and resolved to cut members...
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Nigerian govt. inaugurates 4 groups to revive ailing enterprises
MEDIATRACNET Four Technical Working (TWGs) Groups to undertake the revival of some ailing enterprises in the Nigerian economy have been...
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Non-oil sector still bedrock of Nigeria’s economy, with GDP growth of 3.54% in Q2, says NBS
By Bassey Udo Nigeria’s economy grew in the second quarter of the year, with the country’s gross domestic product (GDP),...
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Petrol: NNPC defends 68m litres daily supply; pledges readiness for forensic audit of supply, subsidy
By Bassey Udo The Nigerian National Petroleum Company (NNPC) Limited on Friday stoutly defended its position that country consumes an...
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Ajaokuta: Nigeria to pay $496m to settle $5.23bn dispute with Indian firm, Global Steel
By Bassey Udo The Federal government has accepted to part with about $496 million to settle a $5.23 billion claim...
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Debt-for-Climate Swap proposal excites U.S. officials, as Osinbajo explains potential benefits to Nigeria, Africa
By Bassey Udo Nigeria’s proposal for investments by African countries to tackle climate change to be used as a basis...
Read moreNigeria canvasses debt-for-climate swap, for more Africa involvement in global carbon market
MEDIATRACNET Nigeria has proposed a debt-for-climate swap deal to help African countries participate more the quest to realise global net-zero...
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We followed due process in acquiring office building, NAICOM clarifies
MEDIATRACNET The National Insurance Commission (NAICOM) says adequate due diligence was conducted on the property and all relevant approvals from...
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NNPC gives reason why Nigeria’s refineries are not functioning; sets fresh deadline to end fuel importation
By Bassey Udo Nigeria’s four refineries located in Port Harcourt, Warri and Kaduna are not working because the Nigerian National...
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Nigerian govt. inaugurates Council to mobilise funding for gas Infrastructure
MEDIATRACNET The Federal Government, on Tuesday moved to fix the critical missing link in its effort to develop the country’s...
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