NNPC: How We Raised Crude Oil Production from 900,000mbpd to 1.6mbpd
Nigerians will be shocked to know those behind oil theft when exposed, it said.
Analysts Back CBN’s Cash Withdrawal Policy
They say the move will boost monetary policy effectiveness and tax compliance, and may strengthen naira.
Elon Musk Briefly Loses Top Spot on Forbes Billionaire List
With US tech stocks sliding as interest rates and recession fears rise, Musk’s fortune briefly fell below that of the Arnault family.
In Speedy Recovery, Nigeria’s Oil Production Rises to 1.6mbpd
An official said the NNPC and its partners were making significant efforts with corresponding outcomes in the upstream oil sector.
To Control Amount of Cash in Circulation, CBN Sets New Withdrawal Limits
Individuals have been restricted to N100,000 weekly while for corporates its N500,000; ATM withdrawals pegged at N100,000 weekly.
Buhari To ICAO: Nigeria Will Sustain Investment In Aviation Sector
“Nigeria has ratified all international air law instruments like the Montreal Protocol and amendments to some articles of the Chicago Convention.”
Nigeria Will Meet 1.8 Million B/D OPEC Quota by May 2023, Says Sylva
He insists the country will stop importing petrol before third quarter of next year and assures Nigerians of more oil discoveries in the north-east.
Ireland’s Paschal Donohoe Reelected Eurogroup Chair
The Eurogroup is an informal body of eurozone finance ministers, but its chief carries weight in Brussels policy-making.
Oil Prices Rise as Cap on Russian Crude Kicks In
A separate decision by major oil-producing countries to keep cutting how much they produce has also fuelled the rise.
Zenith Wins ‘Bank of the Year Nigeria’ at The Banker’s Awards
According to the Banker, Nigeria’s Bank of the Year award was among the continent’s most hotly contested this year, befitting the country’s status as Africa’s largest economy.
OPEC+ Keeps Steady Policy Amid Weakening Economy, Russian Oil Cap
The decision comes two days after the Group of Seven (G7) nations agreed a price cap on Russian oil.
Oil Pollution: Nigeria’s Supreme Court Gives Shell Go-Ahead to Appeal $1.8bn Court Order
The legal dispute is currently delaying the oil giant’s efforts to sell some assets in Nigeria.
Nigeria Says It Lost N113m over Abuja-Kaduna Railway Closure, Reopens Route Monday
“We shouldn’t only look at the Naira and kobo the railway would have been able to make, but include all other losses by Nigerians.”
Russia Rejects $60-a-Barrel Cap on its Oil, Warns of Cutoffs
Australia, Britain, Canada, Japan, the US and the 27-nation EU agreed Friday to cap what they would pay for Russian oil at $60-per-barrel.
NNPC: $1.4bn Investment in Northern Nigeria’s Hydrocarbons to Yield $6bn Revenue in 20 Years
The deal was sealed in London under the NNPC Limited/Chevron Nigeria Limited Joint Venture .
Buhari: Nigeria Ready to Reap from AfCFTA Benefits
The AfCFTA is an agreement that is expected to create the largest free trade area in the world.
Airbus Pays 15.9 mn Euros to Close French Corruption Probe
Prosecutors from France’s national financial crime unit (PNF), which reached the deal with Airbus earlier this month, said the fine was “fair and appropriate”.
EU Warns Musk that Twitter Must Obey Disinfo Rules
Thierry Breton, held a video call with Musk and told him “there is still huge work ahead
Nigeria-UK Trade Volume Hits £5.5 Billion
“Nigeria is Africa’s largest economy and I’m delighted to see our trade and investment links grow,” said UK Trade Secretary Kemi Badenoch.
Oil Prices Tumble to One-Year Low, Begins Recovery After Rumoured Planned OPEC Cut
OPEC and allies including Russia, a group known as OPEC+, will meet on December 4, to decide the next line of action.
