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Mr. Olayemi Cardoso The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 new International money transfer operators (IMTOs) in its bid to double foreign currency remittance flows through formal channels. …
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Pre-paid meters The Senate has approved a $500 million loan request by President Bola Tinubu to finance the mass metering programme of the federal government. The president’s request was approved by the upper legislative chamber on…
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The commission said the 2024 block licensing round would last for approximately nine months The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, announced the commencement of the 2024 oil block licensing round.…
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The contribution of Green Energy International Ltd, a Nigerian integrated energy company, towards the development of the oil and gas industry is very laudable, Heineken Lokpobiri, minister of state for Petroleum Resources (Oil), has…
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Nigeria regained its position as the largest producer of crude oil in Africa in April. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its latest monthly report released on Tuesday. It stated that…
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By William Emmanuel Ukpoju In a significant development, the Nigerian government has secured presidential backing for the marketing of oil blocks, a move aimed at revitalizing the country's oil and gas industry and attracting…
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By Saidu Abubakar Shell Nigeria Exploration and Production Company Ltd (SNEPCo) produced more oil at Bonga last year than the previous one, a review of operations has shown. Nigeria’s first deep-water development produced some…
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Nigeria crude oil production drops ...As Bonga adds 138,000 barrels Nigeria last month produced 1.281 million barrels per day of crude oil, as the country’s output edged slightly against the 1.231 million output in March. Monthly…
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Acting SEC DG, Emomotimi Agama The Securities and Exchange Commission (SEC) has vowed to collaborate with the Economic and Financial Crimes Commission (EFCC) to mitigate forex trading manipulations within the virtual space. Acting…
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Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the…
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