Hafsat Ibrahim

Banks Publish 321,181 Dormant Accounts Following CBN Directive

Four Nigerian banks, Access Bank, Union Bank, Stanbic IBTC, and Fidelity Bank , have published details of 321,181 dormant accounts following a directive from the Central Bank of Nigeria (CBN).

Power Theft Costs Sector N111bn in 12 Years – GenCos

Power generation companies (GenCos) have urged the Federal Government and the Nigerian Independent System Operator (NISO) to name, disconnect, and prosecute firms and individuals caught stealing electricity along the Ikorodu–Sagamu transmission corridor.

Nigeria Exported 485m Barrels of Crude in 2025

2025 Nigeria exported 485.44 million barrels of crude oil in 2025, representing 82% of total production, according to a report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

NNPC, NUPRC Remit N322bn, $116.9m Two Months After Executive Order 9

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted over N322bn and $116.9m into the Federation Account within two months, following the implementation of Executive Order 9 signed by President Bola Tinubu in February 2026.

Oil Prices Surge to $104 as US-Iran Talks Collapse

Global oil prices surged to $104 per barrel on Monday after peace talks between the United States and Iran collapsed, raising fears of renewed hostilities in the Middle East.

CBN Warns of Rising Risks in Non-Interest Finance Industry

The Central Bank of Nigeria has raised concerns over growing governance, compliance, operational and technological risks confronting the country’s non-interest financial services industry, warning that failure to effectively manage the challenges could undermine public confidence and financial stability.
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