News
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Nigeria’s oil production declines 13.6% to 1.08mbpd
Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels…
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CBN threatens to sanction banks engaging in illegal sales of Forex
The Central Bank of Nigeria (CBN) has threatened to punish banks engaging in illegal sales of forex. The acting Governor of CBN, Folashodun Shonubi, who disclosed…
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CBN loans from foreign banks may cost Nigeria 40% of foreign reserves
Africa’s biggest economy is battling its worst economic turmoil in decades as the Central Bank of Nigeria’s (CBN) debt to…
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NNPCL awaits presidential directive on N48bn pipeline contract
The Federal Government has not issued any directive for the cancellation or re-award of the N48bn oil pipeline surveillance contract…
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Diversion of diaspora remittances is reason for naira crash – CBN Acting Governor
The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dollar and its inability to…
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LET SEPLAT BREATH, CONCERNED STAKEHOLDERS WARN MISCHIEFMAKERS
Piqued by what has been described as the “mischievousness of some disgruntled persons,” another group of shareholders of Seplat Energy…
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CBN probe: Investigator raises alarm over alleged smear campaign against him
LAGOS—The special investigator, recently appointed by President Bola Tinubu, to investigate the Central Bank of Nigeria, CBN, and related entities,…
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Corruption: Fagbemi seeks unbundling of EFCC, ICPCP.
A Senior Advocate of Nigeria and ministerial nominee from Kwara State, Lateef Fagbemi, has said that the unbundling of the…
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Tinubu forwards fresh list of 19 ministerial nominees to Senate, Oyetola, Bagudu, Matawalle, Lalong on list
President Tinubu had last Thursday forwarded a list of 28 ministerial nominees to the Senate for confirmation.ByAbdulqudus Ogundapo August 2,…
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Court Restrains NERC, BPE From Selling Kano DisCo To Powercom
Justice Nicholas Oweibo of the Federal High Court in Lagos has restrained the Nigerian Electricity Regulatory Commission (NERC), the Bureau…
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