Business

To Address Fiscal Gap in 2023 Budget, Nigeria Seeks Fresh $1.5bn Loan Facility From World Bank

It vowed that the Tinubu administration will not breach Ways and Means limits.

12 months ago

NNPC Jettisons Oil Swap Deals, Pays Cash For Fuel Imports

Last year, NNPC did not remit monies into government coffers despite surging oil prices, as oil-for-fuel swaps consumed all the…

12 months ago

IMF Welcomes CBN’s Removal of FX Restrictions on 43 Items

It said Tinubu's reforms need time to yield desired results.

12 months ago

Shell Confirms Huge Leak At Flow Station in Bayelsa

Hundreds in the Peremabiri community have been thrown into crisis as farmlands, marine environment ruined.

12 months ago

Air Peace Resumes Kaduna Operations October 23, Announces Special Flight to Antigua and Barbuda

The airline's growing network includes twenty domestic routes, 8 regional and 5 international destinations.

12 months ago

NUPRC Shops for Continental Opportunities to Tackle Nigeria’s 3.1 Bcf/day Gas Shortfall by 2030

“In the years preceding the enactment of the PIA, investments in the Nigerian oil and gas industry declined mostly due…

12 months ago

Nigeria Grants First Petroleum Exploration Licence Under Petroleum Industry Act

The NUPRC said the development was another milestone in the smooth implementation of the PIA for the attraction of investment…

12 months ago

CBN Lifts FX Ban on 43 Items, Rice, Fertiliser and Cement on the List

It's a reversal of a 2015 policy which forced importers of the commodities to source for FX at the black…

12 months ago

Alaye: Modular Refinery Initiative A Failure, Licensed Companies Were Not Ready

He called out government for underming and cheating the people of the Niger Delta out of opportunities.

12 months ago

Nigeria’s Oil Production Improved in September, Still Far from OPEC’s Quota

Data shows that the country under-produced by as much as 400,000 bpd in September, despite the jump in output.

12 months ago