Economy
NNPC, Partners to add192,000bpd to Nigeria Crude oil production
The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partners have announced plans to add approximately 192,000 barrels...
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Bank Verification Numbers (BVNs) Surpass 57.96 Million, CBN Plans to Close Non-BVN Accounts
The total number of issued Bank Verification Numbers (BVNs) has reached 57.96 million as of July 3, 2023, based on...
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NLC and TUC Disapprove of Tinubu’s N500bn Subsidy Palliative, Demand 300% Salary Increase
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have expressed their dissatisfaction with President Bola Tinubu's proposed...
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Stanbic IBTC Bank Storms Local Markets in Grand Style, Offers Financial Solutions to SME Owners
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has further supported SMEs in Nigeria by storming markets...
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NNPC transits from Regulator to a Competitor in the Petroleum Industry
Mr. Mele Kyari, the Group CEO of NNPC Limited, emphasized on Monday 10th of July 2023 that the company no...
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Capital Importation into Nigeria Declines by 28% to $1.13 Billion in Q1 2023
According to the Nigerian Bureau of Statistics (NBS), Nigeria's total capital importation in the first quarter (Q1) of 2023 decreased...
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Nigerian Naira Hits Record Lows: Naira Weakens to N788/$1 at I&E, N802/$1 at Black Market, N801/$1 at P2P
Amid a fresh scarcity of foreign exchange (forex), the Nigerian Naira plummeted to an all-time low in the Investors and...
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Brent Crude spike as Dollar Weakens and Demand Hopes Rise
The price of Brent Crude, the international crude oil benchmark, experienced a notable increase on Tuesday, rising by 2.2 percent...
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House of Rep Urges CBN to Suspend Implementation of Social Media KYC Requirement
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the implementation of its directive...
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NCDMB and NLNG launch virtual oil project portal.
In a significant development, the Nigerian Content Development and Monitoring Board (NCDMB) has announced its collaboration with Nigeria LNG Limited...
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