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,...
Seplat Energy provides an update to the previous announcement regarding the incident involving the Majestic rig.
Contrary to some media reports, the Majestic rig is owned by Depthwize Nigeria Limited and...
The Federal Government on Tuesday withdrew the illegal firearms possession case against suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele. The government had filed the charges against Emefiele...
The Central Bank of Nigeria (CBN) has instructed Nigerian banks to remove post-no-debit restrictions imposed on 440 individual and corporate bank accounts.
A post-no-debit prevents account holders from...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has explained the recent rise in petrol pump prices in Nigeria, attributing it to market forces....
Nigeria’s Consumer Price Index (CPI) witnessed a notable increase, reaching 22.79% in June compared to the 22.41% recorded in May 2023. This information was revealed in the latest CPI report released...
The Nigeria Civil Aviation Authority (NCAA) has taken decisive action by suspending the operations of all Boeing B737 aircraft belonging to domestic carrier Max Air. The immediate suspension comes as a...
The House of Representatives has instructed the Central Bank of Nigeria (CBN) to suspend its directive on including social media handles as part of the “Know Your Customer” (KYC) requirement...
In a significant move towards fostering business growth and removing barriers hindering Nigeria’s economic development, President Bola Tinubu has given his approval for the establishment of a...
