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OIL & GAS
Nigeria’s Oil Rig Count Now 32 – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32. The NUPRC Chief Executive,…
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NEWS LENS
Oyetola Urges Investment In Maritime Surveillance, Others
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has called for increased investments in surveillance systems, enhanced maritime law…
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NEWS LENS
Customs Seized 397 Vehicles In 2024 – CGC
The Nigeria Customs Service said that it recorded 397 seizures of vehicles valued at N5.64bn in 2024, as it continued…
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OIL & GAS
Dangote Refinery Petrol Production Affecting European Markets – OPEC
The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor…
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NEWS LENS
Customs Exceed Revenue Target, Rake In N6.1tn
The Nigeria Customs Service has announced that it collected a total sum of N6.105tn as revenue for the year 2024.…
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OIL & GAS
Nigeria Earned N50tn From Crude Oil In 2024 –Report
Nigeria’s crude oil revenue rose to about N50.88tn in 2024, findings by media revealed. Data obtained from the Nigerian Upstream…
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ASSETS & FINANCIALS
Yuletide: CBN Fines Nine Banks N1.35bn For ATM Cash Scarcity
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash…
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ASSETS & FINANCIALS
Investors Lose N51bn As Equity Market Shrinks
In a mixed trading session on the Nigerian Stock Exchange on Monday, investors saw a loss of N51bn in market…
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OIL & GAS
Depots Raise Petrol Price To N950/Litre
The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. Media…
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NEWS LENS
Port Rehabilitation Delayed Despite $700m Loan
Despite securing a $700m loan for the rehabilitation of the Apapa and Tincan Island Ports in Lagos, the Federal Government…
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ASSETS & FINANCIALS
11 Banks Market Capitalisation Hit N7.90tn
Eleven Nigerian banks have seen a total market capitalisation of N7.90 tn. According to Prices for Securities Traded on Monday,…
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ASSETS & FINANCIALS
Tariff Hike: Telcos, ICT Firms Owe Banks N1.69tn
Information, communication, and technology firms, including telecommunications companies in Nigeria, owed Deposit Money Banks N1.69tn as of September 2024 amid…
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ASSETS & FINANCIALS
Nigeria Secured $7.6bn Investments At Africa Forum – Adesina
Nigeria has secured $7.6bn in investment interests at the Africa Investment Forum 2024, which took place in Rabat, Morocco, from…
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OIL & GAS
Oil Export: NUPRC Begins Real-Time Tracking To Tackle Losses
The Nigerian Upstream Petroleum Regulatory Commission says it is set to enhance transparency and accountability in Nigeria’s oil and gas…
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ASSETS & FINANCIALS
Equity Market Gains N1.14tn
Investors gained about N1.14tn on bullish sentiments on the Nigerian Exchange Limited last week. The All-Share Index appreciated by 1.80…
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ASSETS & FINANCIALS
FG To Strengthen Capital Market For Wealth Creation
The federal government has reaffirmed its commitment to strengthening Nigeria’s capital market as a critical driver of economic growth…
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ASSETS & FINANCIALS
FX Crisis, Weak Naira Threatening SMEs’ Survival –Economists
Economic experts have raised the alarm that Nigeria’s forex policies and the weak naira are endangering the survival of Small…
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OIL & GAS
Marketers, Oil Firms Sign Deal To Build 50,000bpd Refinery
Nigeria’s effort to boost its refining capacity seems to be paying off, as petroleum product retailers signed a deal with…
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NEWS LENS
Delta Air Lines Introduces Nigerian Delicacies On Lagos-Atlanta Flight
United State carrier Delta Air Lines has announced the inclusion of local dishes into food options that will be made…
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ASSETS & FINANCIALS
CBN Suspends Export Proceeds Repatriation Extension
The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective…
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