Industry

•Provides for five years imprisonment, N10m fine for erring CEO/MD The National Assembly has granted unfettered regulatory powers to Securities and Exchange Commission (SEC) to register and regulate online forex trading activities,…
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The Federal Executive Council, FEC, meeting presided over by President Bola Tinubu on Monday approved the sum of 161,328,228 euros for the execution of contracts in the first batch of the Phase 1 of the Siemens Power projects across…
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By Saidu AbubakarShell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a Final Investment Decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North…
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The Shell Petroleum Development Company of Nigeria (SPDC) has confirmed an oil spill at its Bonny export terminal in Rivers State but assured stakeholders that the incident will not disrupt oil export operations. According to SPDC,…
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Nigeria’s inflation rate has surged to 34.60% in November, according to the National Bureau of Statistics (NBS). This represents a 0.72% increase from the 33.88% recorded in October 2024.The rise in inflation is attributed to increases…
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The Nigerian National Petroleum Company Ltd (NNPC) has said that it has already exceeded its 2024 profit estimate, and it is working to deliver more value to Nigerians and other stakeholders. The firm also highlighted efforts made…
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The Chattered Institute of Bankers of Nigeria, CIBN, has stated that some government policies such as the removal of fuel subsidy and floating of the Naira, impacted negatively on the banking sector and the Nigerian economy at large. …
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Nigeria’s Federation Account Allocation Committee (FAAC) reported a record-breaking revenue inflow of N3.143 trillion for November 2024, marking the highest figure in recent years. According to The Nation, the sharp rise…
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The 650,000-barrel Dangote Refinery and Petrochemicals has confirmed exports of premium motor spirit (pms) to no fewer than four African countries including Cameroon, Ghana, Angola, and South Africa. Vice President of Oil and Gas,…
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*First Oil Expected in July 2025 The Nigerian independent, Oriental Energy Resources (OER) will commission the Okwok Field’s Floating Production Storage and Offloading (FPSO) vessel in Dubai, today, December 14, 2024. The…
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