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...
Seplat Energy Plc, a leading Nigerian independent energy company has won the Social Impact & Sustainability Awards (SISA)’s CSR Award for Education Empowerment organized by CSR Reporters.
CSR...
The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, expresses gratitude to Stakeholders and Nigerians for their enthusiasm regarding his reappointment...
In a key ruling on Wednesday, the Supreme Court granted the federal government’s request to extend the lifespan of the old N200, N500 and N1000 banknotes that were recently redesigned.
A seven-member...
The GCEO, NNPC Ltd, Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape.
Kyari gave this charge on Tuesday...
Nigeria’s headline inflation rate rose to 27.33% in October 2023, up from 26.72% in September. This 0.61% monthly increase reflects a 6.24% rise compared to October 2022’s rate of 21.09%. The...
