NNPC and Natural Oilfield Services Commence Oil Production at OML 13 in Akwa Ibom State
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd) and Natural Oilfield Services Limited (NOSL) have announced...
IMF Urges Nigeria to Remove Fuel and Electricity Subsidies
The International Monetary Fund (IMF) has issued a warning to the Nigerian government, urging it to eliminate what it termed...
Tax Reforms: To Exempt 95% of Informal Sector – FG
In a bid to bolster economic inclusivity and support small businesses, the Federal Government of Nigeria has proposed new tax...
Senator Clarifies Cybersecurity Levy Not Targeted at Individuals, Focuses on Financial Institutions and Telcos
Senator Shehu Umar Buba, Chairman of the Senate Committee on National Security and Intelligence, has provided clarification regarding the cybersecurity...
NEITI Conducts Nationwide Audit for Transparency in Oil, Gas, and Mining Sectors
The Nigeria Extractive Industries Transparency Initiative (NEITI) has embarked on a nationwide audit of oil, gas, and mining companies with...
Asian Stocks Waver Amid Chinese Data and Bond Issuance Reports
Asian stocks experienced fluctuations, oscillating between gains and losses, as investor sentiment responded to a mix of factors including disappointing...
Prices Decline Amid Weak Fuel Demand and Strong Dollar
Oil prices experienced further declines on Monday, driven by indications of sluggish fuel demand and comments from U.S. Federal Reserve...
CBN Directs Banks to Implement Foreign Exchange Policy Reforms to Ensure Financial Stability
In a bid to enforce strict compliance with recent foreign exchange policy reforms, the Central Bank of Nigeria (CBN) issued...
Oil Prices Rise on Strong Demand Data and Middle East Tensions
Oil prices experienced a boost on Friday, heading for a weekly gain, driven by positive demand data from the United...
Nigeria’s External Debt Servicing Hits 70% of Dollar Payments in Q1 2024
Recent data from the Central Bank of Nigeria (CBN) has revealed that Nigeria allocated a staggering 70% of its dollar...
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