AfDB Implements $20bn Desert-to-Power Initiative To Develop Nigeria, Other Sahel Zones
The African Development Bank (AfDB) and its partners, are implementing the 20 billion-dollar Desert-to-Power initiative to develop 10 GW of solar power across Nigeria and 10 other countries in the Sahel zone. The AfDB President,...
NUPRC Has Zero Tolerance For Corruption, Operates Anti-corruption Philosophy – CCE
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it operates anti-corruption philosophy and will continue to demonstrate zero tolerance for corruption in its dealings with other organisations. The commission said as a creation of...
“Price Stability” – CBN Governor Olayemi Cardoso names his area of concentration
CBN Governor Olayemi Cardoso has named price stability as his area of concentration. The Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, has reiterated that under his leadership, the Bank would focus mainly on...
NNPC Ltd, NCDMB, IOCs Sign MoU To Reduce Contracting Cycle
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with the Nigerian Content Development and Monitoring Board (NCDMB) and International Oil Companies for optimal contracting cycle in the...
NUPRC Announces Successful Bidders For Nigerian Gas Flare Commercialisation Programme
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced 42 successful bidders in the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP) auction process. Mr. Gbenga Komolafe, the NUPRC Chief Executive, disclosed the outcome of the...
Naira Loses, Exchanges At N773.42 At Investors, Exporters Window
The naira depreciated against the l lol ldollar on Wednesday as it exchanged at N773.42 at the Investors and Exporters window. It lost by 0.35 per cent compared with N770.72 for which it exchanged for...
Our Plant Is Not Shut Down- NLNG
The Nigeria LNG Ltd. (NLNG) says the operation at its plant on Bonny Island is ongoing, despite a Force Majeure that is still in effect. It said that the Force Majeure, caused by the unavailability...
Global Economic Growth To Drop To 3.0% In 2023-24- IMF
The International Monetary Fund (IMF) says global growth is projected to fall from 3.5 per cent in 2022 to 3.0 per cent in both 2023 and 2024. This is according to the IMF’s latest World...
CBN Raises Interest Rate From 18.5 % to 18.75%MPR
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Monday raised the country’s Monetary Policy Rate (MPR) from 18.5 per cent to 18.75 per cent. The Acting Governor of the CBN,...
FBN Holdings Plc Half Year profit Before Tax Grows To N206bn
FBN Holdings Plc says it has recorded a profit before tax of N206 billion for the first half of 2023 financial year. The holding company said this in its unaudited financial results on Thursday in...
Naira Dips, Exchanges At N803.90 At Investors, Exporters Window
The Naira on Friday depreciated against the dollar, exchanging at N803.90 at the investors and exporters window. The Naira decreased by 7.72 per cent when compared with N746.28 for which it exchanged for the dollar...
NNPC Ltd Restates Plan To Sell Shares Soon, Says KyarI
The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated plans to issue its Initial Public Offer (IPO) to investors very soon. The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari said this...
NNPCL Intercepts Vessel With 800,000 Litres Stolen Crude Oil
A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum Company Ltd. (NNPC Ltd). The vessel and its crew members were...
