Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
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2024 Oil Bid: Sahara Deepwater, 11 Others Get Licences To Unlock Fresh Investment
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Petroleum Prospecting Licences (PPLs) to winners of the 2024 Licensing Round. Companies that received licences include Boron Energy Limited, Energy Marketing and Supply
ExxonMobil’s $1bn Usan Infill Investment Will Boost Nigeria’s Output-NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the ExxonMobil’s $1 billion commitment to the Usan Infill Project in OML 138 is good for Nigeria’s oil production and investor confidence.
Court Awards N10m Damages Against EFCC For Defaming Ex-Power Minister
The High Court of the Federal Capital Territory in Maitama has awarded N10 million in damages against the Economic and Financial Crimes Commission for defaming a former Minister of Power, Dr Olu
Questions Over World Bank Power Projects In Nigeria
World Bank-funded interventions in Nigeria’s power sector are facing fresh scrutiny over effectiveness, value for money, and long-term impact. While the projects were designed to expand access and strengthen infrastructure, industry watchers
EFCC Drags Ex-Port Harcourt Refinery MD To Court Over Alleged Fraud
The Economic and Financial Crimes Commission has arraigned Ahmed Dikko, former Managing Director of the Port Harcourt Refining Company Ltd, over alleged money laundering and economic fraud. Dikko was arraigned on Wednesday
Rejecting ₦100 Note Attracts Sanctions-CBN
The Central Bank of Nigeria warned that refusing to accept ₦100 bank note is a violation of the Central Bank of Nigeria Act 2007. It urged the public to report any individual,
NNPC Seals Six Strategic Gas Deals To Boost Energy Security
The Nigerian National Petroleum Company Limited, NNPC has entered into six landmark gas deals with key partners to strengthen Nigeria’s energy security. The agreements cover MoUs, Gas Supply Agreements, and gas transportation
Africa Still Attracts Low Energy Investment Despite Vast Resources-Ojulari
Despite its huge endowment of natural gas, oil, and renewable energy, Africa continues to receive only a small portion of global energy investment, the Group Chief Executive Officer of the Nigerian National
Shell, NNPC Working To Support Nigeria’s Growth
Shell Nigeria says it continues to drive Nigeria’s development through revenue generation and social investments. Business Value Manager, Chidi Nkazi, made the remark while conducting the Minister of State for Petroleum Resources,
Tinubu Orders Probe Of Presidential Foreign Intervention Promotion Council
President Bola Tinubu has ordered the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to probe the activities of Presidential Foreign Intervention Promotion Council. He directed that the investigation be concluded
