Without OPEC Quota Restriction, Nigeria will Hit 2.2m bpd Oil Production in 2023, Kyari Says
He said the NNPC’s relationship with the FG is strictly commercial.
NUPRC Announces Commencement of Deep Offshore Mini-bid Round
It pledged a transparent and competitive procurement process.
Nigeria Air Meant to Kill Nigerian Airlines, AON Alleges
They said this is why they went to court to stop the planned national carrier.
CBN Threatens to Sanction Banks over Failure to Load ATMs with New Naira Notes
It Insists there are enough new N200, N500 and N1,000 notes to go round.
Nigeria VP Osinbajo Wants Businessmen To Invest More In Technology
“if the private sector runs businesses, it is far better because it will bring greater dividends.”
Irukera: FCCPC to Strengthen Regulations This Year in Collaboration with SON, NAFDAC
He said the power sector, fast moving consumer goods and the activities of digital lenders will come under more scrutiny
EU Tells TikTok Chief to Respect Data Privacy Laws
TikTok, whose parent company ByteDance is Chinese, has come under fierce Western scrutiny in recent months
Nigeria Says Port Harcourt Refinery to Commence Partial Operation Before End of Q1
Sylva reiterated his often-held view that petroleum prices should be market-driven since subsidy is no longer sustainable.
US Agency Fines Ex-McDonald’s CEO For Defrauding Investors
Easterbrook agreed to a $400,000 fine, without admitting or denying the claims against him
Banks Only Authorised to Dispense New Banknotes via ATMs, CBN Clarifies
It says there is no going back on the January 31 deadline to phase out old N200, N500, N1,000.
Lack of Investment In Downstream Oil Sector, Cause Of Endless Fuel Scarcity Nationwide, Says Pinnacle Oil CEO
The recurring fuel scarcity has led to buck-passing between the regulatory agencies and petroleum marketers.
Banks Have Enough New Naira Notes to Meet Demand, CBN Insists
It clarified that banks are not banned from paying new notes over the counter.
New Naira Notes are of International Quality, Security Printing Firm Assures Nigerians
“It is important to note that new banknotes are generally light when issued, then become heavier in circulation on getting in contact with dirt and moisture.”
Nigeria: Cash Withdrawals from Public Accounts Will Be Treated as Money Laundering Offence from March
Payment of estacode, overseas allowances to civil, public servants in cash has also been outlawed.
NAHCO Begins Investigation, Suspends Personnel over Damage to Air Peace Aircraft
NAHCO staff drove equipment and rammed it on the aircraft, an Airbus A320 which has since been grounded.
Amazon to Cut More Than 18,000 Jobs, CEO Says
The job-slashing plan is the largest among recent workforce reductions that have impacted the once-unassailable US tech sector
NUPRC to Licence Holders: Disclose Full Ownership of Firms Operating in Nigeria’s Oil, Gas Sector
It stated that those to be affected by the notice included persons with significant control of at least five per cent shares.
Nigeria Doesn’t Have Resources to Pre-empt Illegal Mining Activities, Minister Says
He says the sector now contributes N10bn to Nigeria’s economy.
Air Peace Airlifts 55 Million Passengers in 8 Years, Plans More Routes in 2023
The airline recorded a passenger load of 52,859 in its launch year. In 2022, it airlifted 14,103,018 passengers.
Pollsters Predict $89.37 Per Barrel Oil Price in 2023
If the forecast is spot on, it means Nigeria may be able to save about $15 per barrel in its currently depleted Excess Crude Account.
