Regulator Vows to Sanction Marketers Breaching Nigeria’s Official Petrol Price
The NMDPRA said the sector is not yet deregulated and shut down seven defaulting depots.
US Stocks Sink in Worst Yearly Performance Since 2008
Key US indices saw their poorest performances since 2008, with the S&P 500 and Nasdaq both seeing double-digit drops over the past year.
Trump’s Tax Returns Released after Long Fight with Congress
The documents include individual returns from Trump and his wife, along with Trump’s business entities from 2015-2020.
Court Bars DSS from Inviting, Arresting, Detaining, Prosecuting CBN Governor Emefiele
The EFCC also clarified that they have no case against Emefiele and he isn’t under nvestigation.
ExxonMobil Seeks to Block EU Tax on Windfall Energy Profits
Nonetheless, ExxonMobil’s German and Dutch subsidiaries on Wednesday filed a challenge to the new measure at the EU’s Luxembourg-based General Court.
Report: Return of Chinese, India’s Appetite for Nigerian Crude Key to Oil Price Stability in 2023
Europe boosted purchases of West African crude by around 300,000 bpd between June and August but demand diminished in the second part of the year.
Fitch Predicts Slow Economic Growth for Nigeria in 2023 But Rise to 3.3% in 2024
“We expect that the country’s economy will expand by just 2.5 per cent due to disruptions associated with the February 2023 election and the continued decline of oil production.”
In Boost to Nigeria’s Power Sector, Afreximbank’s FEDA Acquires Stake in Geregu Power Plc
FEDA is the development impact investment platform of Afreximbank tasked with providing capital for intra-African trade and industrialization.
Ethiopian Airlines to Resume Flights to Tigray Capital
“We are truly pleased with the resumption,” Ethiopian Airlines Group CEO Mesfin Tasew said.
Russia to Ban Oil Exports to Countries With Price Cap From February
The decree will be in effect from February 1 until July 1.
Nigeria Alerts Pilots and Airlines of Hazardous Weather
The Harmattan haze has forced the cancellation and delay of flights since December 20.
Nigeria Underproduced 2022 Crude Oil Projection by 263 Million Barrels in 11 Months
Data shows country barely drilled 60% of 1.88 million bpd budget benchmark.
FG Raises Third-Party Vehicle Insurance by 200%
Private vehicle owners to pay N15,000 from January 1.
Shell to Pay €15m Compensation to Niger Delta Farmers for Oil Spills
The villages are Goi in Ogoni land, Rivers State; Oruma in Bayelsa State; and Ikot Ada Udo in Akwa Ibom State.
Facebook Owner Meta Will Pay $725M to Settle User Data Case
The world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica.
CBN Governor Emefiele Says Currency Redesign Will Curb Nigeria’s Inflation and Banditry, Strengthen Naira
The cashless policy isn’t targeted at politicians, he clarified.
Nigeria: House to Probe ‘Sharp Practices’ by Fintechs, Loan Shark Firms
The resolutions followed the adoption of a motion raised under matters of urgent national importance.
CBN Bows to Pressure, Reviews Cash Withdrawal Limit Upwards
Iindividuals and corporate entities can withdraw a maximum of N500,000 and N5 million, respectively, away from N100,000 and N500,000 previously announced.
15 Years After, NUPRC Announces Bid for Seven Deep Offshore Oil Assets
Pre-qualification submissions will end January 31.
Musk Says He’ll Be Twitter CEO Until a Replacement Is Found
“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk tweeted.
