The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October...

Oil prices climbed back to their pre-pandemic levels on Monday, after hitting an all-time low last year, surging to $60 (£44) a barrel. Prices have been boosted thanks to rising demand across the world,...

The Central Bank of Nigeria (CBN) has directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. In a circular dated February 5, 2021, the CBN...

In the frenzy to grab the opportunity of getting free meters under the new free mass metering programme, many unmetered customers may have become easy preys to scammers. The Enugu Electricity Distribution...

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced that its Incorporated Joint...

The Nigerian  Federal Executive Council (FEC) has approved a National Quality Control policy for exports. Minister of Industry, Trade and Investment, Otunba Niyi Adebayo disclosed this development while...

The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN) has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5% This was disclosed by the Governor of the bank, Godwin...

The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 per cent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure...

Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable companies from various jurisdictions...

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has commended the Mallam Mele Kyari-led management of the Nigerian National Petroleum Corporation (NNPC). According to the commission,...

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange has announced a Crude Purchase Agreement...

The Central Bank of Nigeria has revoked the operating licenses of 42 microfinance banks in the country. The Nigeria Deposit Insurance Corporation made this known on Friday in an announcement on its website...

In keeping with its resolve to deepen its compliance with the transparency standards dictated by the Extractive Industries Transparency Initiative (EITI) as a Supporting Company, the Nigerian National...

The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by the bank on Tuesday noting that the facility is a five-year Country Partnership Framework...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated his commitment to conducting the business and operations of the Corporation in a transparent...

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators to immediately suspend the sale and activation of new SIM cards to allow an audit of the Subscriber Registration Database. The...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has  kept the Monetary Policy Rate (MPR) at 11.5%. This was disclosed by the Governor, Mr Godwin Emefiele while reading the communique...

The Asset Management Corporation of Nigeria (AMCON) has announced the seizure of assets belonging to Jimoh Ibrahim, Chairman of Global Fleet Group, over debts valued at N69.4 billion. This was disclosed in...

The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland...

One of the largest construction companies in Nigeria, Lubrik Construction Company, LCC, has pledged to build a world class clubhouse for the Army Guards Polo Club. This special partnership with the Nigerian...