CRUDE OIL PRODUCTION REACHES 1.8 MILLION BARRELS PER DAY – NNPCL
According to the Nigerian National Petroleum Company Limited (NNPCL), crude oil production has surpassed 1.8 million barrels per day. In addition to making the news...
NEWS: NNPC SIGNS 10-YEAR DEAL TO SUPPLY 100MMSCF/D GAS TO DANGOTE REFINERY
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd. (NNPC Ltd.), has executed a Gas Sale and Purchase Agreement...
CBN’S NEW CAPITAL REQUIREMENT WILL BOOST FINANCIAL INCLUSION — CARDOSO
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated that the new capital requirement for banks in the country will strengthen their ability...
FRAUD: US COURT ISSUES NEW ARREST WARRANT FOR AIR PEACE BOSS, ALLEN ONYEMA
A US court has reissued an arrest warrant for Allen Onyema, the founder and CEO of Air Peace Limited, in connection with a $20 million...
FG EYES SINGLE-DIGIT TAX RATE FOR NIGERIANS, SAYS OLOYEDE
The federal government eyes a single-digit tax regime to reduce multiple tax burdens on Nigerians. Chairman of the Presidential Committee on Fiscal and Tax Reforms,...
BUSINESS NEWS: STOCKS AND DOLLAR CLIMB, BITCOIN HITS RECORD HIGH
As traders followed the lead from events in China and the United States, US and European markets surged higher, the dollar appreciated, and bitcoin continued...
NAIRA DEPRECIATES AGAINST DOLLAR BY 0.6%
The Naira depreciated on Wednesday at the official market, trading at N1,681.65 to the dollar. Data from the FMDQ Exchange’s official trading platform, which...
BUSINESS NEWS: BOOSTING SMALL BUSINESSES INTEGRAL TO ECONOMIC REFORMS – FG
The Minister of Information and National Orientation, Mohammed Idris, has said that boosting small businesses is integral to the economic reform agenda of President Bola...
PRESSURE BUILDS ON NAIRA, FALLS TO N1,740 ON PARALLEL MARKET
There are signs that the local currency is about to entirely reverse its gains as the depreciation trend reaches a new high, reaching N1,740/$1 on...
NO LOAN REQUEST FROM NIGERIA, IMF CLARIFIES
The International Monetary Fund (IMF) on Friday, clarified that the Nigerian Government did not make any loan request from the lender. This declaration is in...