NNPCL Fires Eroton, Takes Over JV Operation Of OML18.
Oil Mining Lease 18's operator, Eroton Exploration and Production Ltd, has been fired by NNPC Limited, and its!-->…
Increased Tuition Costs At Aviation Colleges
The Nigerian College of Aviation Technology, Zaria has announced an increased revision of the normal pilot course!-->…
Centum Uses Cash Flow To Pay Down Sh2.3bn Debt.
Centum Investments Company Plc used internally produced cash to pay off Sh2.3 billion in debt after efforts to!-->…
Firm Denied From GDC Funds For Debt Of $2 billion
The Menengai Geothermal Project maintenance services provided by an ICT business resulted in a Sh2 billion debt!-->…
As LGs Split N2tn, Lagos And Kano Receive The Lion’s Share.
Nigeria's local governments received N2.02 trillion from the federal budget that was distributed in 2022. This!-->…
Fuel Shortage Will Continue Till After The Elections – Marketers.
Petrol shortage grew acute in Abuja, Nasarawa, Niger and other states in the North, as hordes of vehicles crowded!-->…
OPEC Quota: NUPRC Seeks 400,000 mb/d More From Large-Scale Projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) anticipates an additional 400,000 barrels per day!-->…
In An Effort To Increase Nigeria’s Non-oil Exports, NEXIM Meets With Saudi…
A powerful delegation from the Nigerian Export-Import Bank (NEXIM), led by the Managing Director/Chief Executive,!-->…
The Deputy Managing Director Of Zenith Bank Resigns.
Adaora Umeoji, the Deputy Chief Executive Officer at Zenith Bank, has left her position after seven!-->…
Glo Introduces A Financing Program For Samsung Series
A device financing option for the Samsung Galaxy S23 series has been made public by Globacom. This was made public!-->…
MTN Nigeria Raises N125bn Through Commercial Papers.
To increase its short-term operating capital and finance requirements, MTN Nigeria obtained N125 billion through!-->…
Banks Ration Cash As Gas Stations And Others Refuse Old Naira.
The latest initiative by several Deposit Money Banks to re-circulate old N500 and N1,000 notes suffered a setback!-->…
Diageo Succeeds In Increasing Its Ownership Of EABL To 65 Percent.
The first round of British multinational Diageo's offer to purchase an additional 14.97 percent ownership in East!-->…
Supreme Court Order On Old Notes: Banks In Partial Compliance.
Deposit cash The Supreme Court's ruling authorizing the use of old N1,000, N500, and N200 notes as legal money for!-->…
AfricInvest buys stake in Justrite
AfricInvest Fund IV has acquired a small interest in the Nigerian retailer Justrite Superstore, this action would!-->…
FG Asks N327bn From Donors For The Census
The Federal Government intends to set up a basket fund to gather donations for the 2023 population and housing!-->…
Anchor Debtors: CBN Criticizes IMF’s Low Rating
According to information provided by the Central Bank of Nigeria, farmers have paid back N503 billion, or 52.39!-->…
Local Investors Dominate International Competitors As Transactions Totaled…
Domestic investors outperformed their international counterparts on the Nigerian Exchange Limited, with a total!-->…
Nigeria’s Flared Gas Slumps By 500m SCF, Still One Of Top 7 Defaulters
Operators in the Nigerian oil and gas industry only marginally decreased the amount of gas that was flared, from!-->…
OML 18: NNPCL And Its JV Partner Fire Operator Eroton
Oil Mining Lease 18 now has NNPC Eighteen Operating Limited as its operator in place of Eroton Exploration and!-->…
UK Mining Company Engages PwC For Entrance Strategy In East Africa
London-listed PwC Limited Kenya has been appointed by Marula Mining to offer a variety of consulting services,!-->…
Stock Experts Believe That Central Banks Should Be Replaced.
Investors in the stock market are abandoning the notion that the Federal Reserve and other significant central!-->…
Naira Shortage Lowering Living Standards For Rural Residents.
According to AGUSTO & Co, the cash shortage brought on by the Central Bank of Nigeria's currency redesign!-->…
According To PenCom, N24bn Was Recouped From Defaulting Employers.
The Nigerian Pension Commission claims that it has recouped N24.15 billion in employee pension deposits that were!-->…
Oil Output Might Decrease Due To Pipeline Bursts
At Rumuekpe, a village in the Emuoha Local Government Area of Rivers State, a new explosion was believed to have!-->…
Banks’ NPL Sustains Decrease at 4.2%, Assets Up 24.24% To N73.59trn
The non-performing loans (NPLs) in the country's banking industry have reportedly declined further below the!-->…
FG Distributes N30bn In Grants To Export Businesses.
The Federal Government has given the go-ahead for 199 exporting enterprises to get promissory notes totalling!-->…
Operators Predict An Increase In The Housing Shortfall Of Approximately 60%.
The housing shortage in Nigeria is expected to increase by over 60% by 2050 as a result of urbanization and!-->…
CBN Disburses N114bn Under 100-for-100 Policy
From the start of the intervention, the Central Bank of Nigeria has given beneficiaries under its 100-for-100!-->…
Flutterwave Denies Losing N2.9 Billion To Hackers
Flutterwave, a unicorn in the African financial industry, has denied losing $2,949,557,867 to hackers. it was!-->…