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...

Lufthansa and Air France/KLM have been given the approval by the Federal Government of Nigeria to resume operations into the country. This was announced by the Minister of Aviation, Hadi Sirika, in a tweet...

Nigeria’s inflation rate rose by 14.23% (year-on-year) in October 2020 as against 13.71% recorded in September 2020. This was contained in the consumer price index report, recently released by the National...

The Nigerian National Petroleum Corporation (NNPC) has said it is aware of a document widely circulating in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection)...

The Debt Management Office (DMO) has said that a total of N195 billion has been disbursed to 270 exporters under the Export Expansion Grant (EEG) programme of the federal government. The figure is however...

The Extractive Industries Transparency Initiatives (EITI), a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, has commended the Group Managing...

The National Bureau of Statistics on Monday said the sectoral distribution of Value Added Tax data for the third quarter of 2020 reflected that the sum of N 424. 71 bn was generated as VAT in Q 3 2020. This...

The Federal Government has approved the sum of N5billion as a bailout for airline operators and other business owners in the aviation sector to cushion the effects of COVID-19 on the country’s aviation...

The Bureau of Public Service Reforms (BPSR) has commended the Nigerian National Petroleum Corporation (NNPC) for Internal Open Resourcing (IOR) initiative, describing it as a veritable tool required by...

The House of Representatives Committee on Gas Resources has applauded the Mallam Mele Kyari-led Management team of the Nigerian National Petroleum Corporation (NNPC) for its achievements in the areas...