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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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The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N1.727 trillion, being November 2024 Federation Accounts Revenue to the Federal, States and the Local Governments. The revenue was shared at the December…
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nnpc Not a few Nigerians have noticed the recent price war of sorts between imported fuel and locally refined variety, which has ensued with the new dispensation of increase in local refining capability by Nigeria. The war formally…
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The Central Bank of Nigeria (CBN) has said that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the N1,000, N500, and N200 denominations of the Naira indefinitely.…
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