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...

In its bid to build the capacity of youth towards making them employers of labour, the NNPC Foundation, in partnership with Kudimata Nigeria Limited, a financial education outfit, have trained the Batch...

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international...

The Central Bank of Nigeria (CBN) has instructed all of its branches nationwide to continue providing ample quantities of both old and newly designed bank notes to deposit money banks. The apex bank disclosed...

The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced...

NNPC Ltd, Nigeria’s national oil company has dismissed claims by a non-government organisation that it owes the country huge sums of money in the form of unremitted revenue. Describing the NGO’s...

The Lagos State government has secured a $1.352 billion infrastructure investment deal with the African Export-Import Bank (Afreximbank) and Access Bank. Governor Babajide Sanwo-Olu signed the landmark...

Nigeria’s 36 states and Federal Capital Territory generated a total of N1.93 trillion in internally generated revenue (IGR) in 2022, according to new data from the National Bureau of Statistics. The...

Finance Minister Wale Edun has announced that the new administration has secured a $1.5 billion zero-interest loan from the World Bank. Minister Edun disclosed the World Bank financing deal to reporters...

Nigeria’s Dangote Refinery is on track to commence petrol production by November 30th, with plans to begin refining diesel and jet fuel next month, an executive announced Monday. Dangote Executive...

The Nigerian National Petroleum Company Limited (NNPC) has announced organizational changes involving the retirement of executives as part of a strategic renewal initiative. In a statement, NNPC said the...

The Nigerian government has filed suit aiming to invalidate over $418 million worth of promissory notes issued to contractors tied to Paris Club refunds for state and local governments. The FG contends...

Nigeria’s Federation Account Allocation Committee (FAAC) has distributed N966.1 billion in revenue among federal, state and local governments for July 2022. The allocation comprises statutory revenue,...