TotalEnergies, a prominent French oil corporation, has revealed intentions to offload its minority share in a significant Nigerian oil consortium. The company articulated its desire to divest from the...

President Bola Tinubu has instructed the Ministry of Agriculture and Food Security to release approximately 42,000 metric tons of maize, millet, and other commodities from strategic reserves to alleviate...

MultiChoice Group, a major Pan-African television broadcaster, has settled a tax dispute with Nigerian authorities. MultiChoice subsidiaries MultiChoice Nigeria and MultiChoice Africa Holdings will pay...

Following President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to enhance production from the nation’s oil and gas resources, the Company proudly announces...

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to liquidate their surplus dollar reserves by February 1, 2024, in an effort to stabilize the country’s volatile exchange...

The Central Bank of Nigeria (CBN) has allocated US$500 million across different sectors to address outstanding verified foreign exchange transactions, following a recent payment of approximately $2.0 billion...

In a move to expedite the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco. The talks, held on January...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari, has advocated for increased collaboration between academia and the Oil & Gas Industry...

Shell has announced a landmark agreement to divest its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium consisting of four indigenous...

The latest figures from the National Bureau of Statistics show Nigeria’s inflation rate now stands at 28.9%. The NBS Consumer Price Index released on Monday reveals the inflation rate rose 0.72 percentage...

Shortly after the dissolution of the Boards and Management of Union Bank, Keystone Bank, and Polaris Bank, the Central Bank of Nigeria (CBN) took swift action by appointing new executives to oversee the...

The Central Bank of Nigeria (CBN) recently disclosed the disbursement of approximately US $61.64 million to foreign airlines through various banking channels, as revealed by Mrs. Hakama Sidi Ali, the Acting...

The Nigerian National Petroleum Company (NNPC) has delivered on its commitment to finish critical rehabilitation work on the Port Harcourt Refining Company’s Area 5 plant by December 31st, 2023. After...

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne...

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has won this year’s The Whistler Newspaper’s Award for Transparency and Innovation. The Group Chief Executive Officer (GCEO) of the...

Nigeria’s inflation climbed to 28.20% in November, up from 27.33% in October. New data from the National Bureau of Statistics shows consumer prices rose 0.87 percentage points last month to reach...

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group Chief...

In a new circular issued today, the Central Bank of Nigeria (CBN) has directed the suspension of processing fees levied on sizable cash deposits to bank accounts. This surprise policy reversal was announced...

As conversations on finding sustainable solutions for a decarbonized energy future continue to hold globally, the Group Chief Executive Officer (GCEO), NNPC Ltd., Mr. Mele Kyari has said the African Continent...

The federal government on Thursday indicated that a revised national minimum wage regime will take effect starting April 1st, 2024. Information Minister Idris Mohammed disclosed that the current N30,000...