There appears to be no end in sight to the financial and resource haemorrhage in Nigeria’s oil and gas industry, with the country once more losing as much as 6.596

The Central Bank of Nigeria (CBN) digital currency, eNaira, has continued to attract the interest of Nigeria’s banking public at home and across the world, with its total downloads hitting

The Central Bank of Nigeria (CBN) has disclosed that Nigeria recorded a foreign exchange inflow of $55.5billion within a seven-month period. It attributed the forex inflow to increased non-oil receipts

The Nigerian National Petroleum Company (NNPC) paid an additional cash call arrears of $452,535,270 to its joint venture (JV) partners between November 2020 and November 2021, bringing to $3.54 billion

The Central Bank of Nigeria (CBN) has amended the operational guidelines of the Global Standing Instruction (GSI) to allow for continuous and unrestricted loan recovery by Deposit Money Banks (DMBs)

President Muhammadu Buhari on Thursday called for increased private sector investment in the country, assuring that his administration would continue to create the enabling environment for businesses to thrive. Buhari

The Nigerian National Petroleum Company Limited (NNPC) has secured a $5 billion corporate finance commitment from the African Export-Import Bank (Afreximbank) to fund major investments in Nigeria’s upstream sector. The

The Nigerian Upstream Petroleum Regulatory Commission (NURPC) on Thursday moved to resolve all outstanding issues delaying the conclusion of the 2020 marginal oilfields bid process, which was conducted last year.

The Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ are expected to continue their last year’s plan to gradually release 400,000 barrels per day when they meet next

The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. In September, El Salvador became the first country to allow consumers to

Nigeria’s federal government will from March this year commence the deployment of Compressed Natural Gas (CNG)-enabled vehicles as the country prepares to fully remove petrol subsidy. The government noted that

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday invited reserve bidders for the 2020 marginal fields programme completed in 2021, after some initial bid winners failed to pay up

The Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu has disclosed that the International Civil Aviation Organisation (ICAO) would conduct security audit of the aviation industry

Africa’s richest man, Aliko Dangote, said mechanical work on his much-awaited crude oil refinery located at the Lekki Free Zone, in Lagos State, had been completed and the facility would

The Central Bank of Nigeria (CBN) has taken a major step to arrest the age-long practice of over-invoicing which dodgy importers and exporters have over the years used to cart

Global equities suffered their biggest decline in more than a year last week, as heavy losses in Netflix shares accentuated a sell-off in tech stocks that spilled into other sectors.

Nigeria’s oil and gas industry may struggle with liquidity challenges in 2022, a new report by Mordor Intelligence, a global market research and intelligence firm, has predicted. The report also

Strong indications emerged that the resumed negotiations between lawyers representing the Ibadan Electricity Distribution Company (IBEDC) and the Asset Management Corporation of Nigeria (AMCON) have put paid to the attempted