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OIL & GAS
NNPC Has No Funds To Fix Old Pipelines – FG
The Federal Government has declared that the Nigerian National Petroleum Company Limited does not have the funds required to rebuild…
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ASSETS & FINANCIALS
States Oppose FG N600bn Vote For N70,000 Wage
Representatives of state governments at the last Federation Accounts Allocation Committee meeting have bemoaned the decision by the Federal Government…
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NEWS LENS
Customs CG Appoints New Management Team
Following the statutory retirement of some members of the management team of Nigeria Customs Service, the Comptroller-General of Customs,…
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OIL & GAS
Oando Acquires Agip Oil For $783m
Oando Plc has acquired a 100 per cent stake in the Nigerian Agip Oil Company from Italian energy firm, Eni,…
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OIL & GAS
NUPRC Allays Job Losses As IOCs Divest
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has allayed the fear of job loss…
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ASSETS & FINANCIALS
FG Saved N1.7tn From Blocked Procurement Loopholes – BPP
The Federal Government says it saved N1.7tn from 2009 to 2022 by clogging loopholes in its procurement process. The…
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NEWS LENS
‘Improved Private Investments Crucial For Ship Financing’
Maritime stakeholders are urging strong national policies and increased private sector investments to tackle the challenges of financing capital-intensive vessel…
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NEWS LENS
FG Kicks Off National Single Window Project
The Federal Government has launched the National Single Window Project to boost Nigeria’s trade and economic growth. The Minister…
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OIL & GAS
Dangote Refinery Reduces Crude Imports From US
The Dangote Petroleum Refinery is reducing its importation of crude from the United States, taking more of Nigeria’s oil for…
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ASSETS & FINANCIALS
FG Hikes Passport Fees To N50,000, N100,000
The Federal Government has approved an upward review of the fees for the Nigerian passport effective from September 1, 2024.…
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OIL & GAS
Togo, Benin Owe Nigeria $14m For Electricity – FG
None of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry…
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OIL & GAS
Port Harcourt, Warri Depots Receive Petrol As Queues Linger
The Nigerian National Petroleum Company Limited has supplied Premium Motor Spirit, popularly called petrol, to the Port Harcourt and Warri…
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OIL & GAS
Producers Decline Sale Of 460,000bpd Crude To Dangote Refinery
Oil producers, under the aegis of the Independent Petroleum Producers Group, have warned against being forced to sell crude oil…
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OIL & GAS
NNPC Reports N9.3tn Petrol Imports As Queues Linger
The Nigerian National Petroleum Company Limited has confirmed that the Federal Government incurred a debt of N5.1tn in under-recovery and…
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OIL & GAS
Tinubu Panel, Dangote Refinery Agree On Sept Petrol Rollout
The Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries…
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ASSETS & FINANCIALS
Why Minimum Wage Payment May Delay — Labour
Organised Labour has called on Nigerians to be patient with the Federal and State Governments following the delay in…
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NEWS LENS
FG Recovers N6bn From Ports Dispute Settlement
The Federal Government through the Nigerian Shippers’ Council, said it recovered the sum of N6.1bn from dispute settlements at the…
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ASSETS & FINANCIALS
FG Eyes $2bn From local dollar bond sale
Players in the economy have projected that the $2bn domestic FGN US dollar bond opening Monday would have an overall…
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ASSETS & FINANCIALS
External Reserves Shed $343m In Nine Days, Says CBN
Nigeria’s foreign exchange reserves dipped by $342.97m to $36.53bn in nine days, data from the Central Bank of Nigeria…
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ASSETS & FINANCIALS
FG Shifts N150bn Loan Disbursement For Manufacturers To September
The Federal Government has shifted the start of the N150bn loan disbursement for manufacturers and micro, small, and medium…
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