'Dangote Refinery Received $1bn Loan from NNPCL'   The Nigerian National Petroleum Company Limited (NNPCL) has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum...

FG, World Bank Partner on $600m Rural Road Development Project   The Federal Government, in collaboration with the World Bank, has allocated $600m to rehabilitate 200,000 kilometers of rural roads under the Rural Access and Agricultural Marketing Project. Principal Information Officer at...

Nigeria, Africa's Debt Servicing Costs Hit $74bn – AfDB   Nigeria and other African countries require about $74bn for debt servicing this year amid increasingly limited access to affordable liquidity, the Vice President and Chief Economist, Economic Governance and Knowledge Management,...

FEC Approves 2025 Budget Proposal as Tinubu Prepares to Present   The Federal Government on Monday approved the 2025 budget proposal. This follows the Senate’s endorsement of the Medium-Term Expenditure Framework 2025 – 2027 on November 22. President Bola Tinubu will present...

CBN Clarifies Validity of Old Naira Notes, Dismisses December 31 Deadline   The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old #1000, #500, and #200 banknotes currently in circulation. In line with the Bank’s previous...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Osun State has issued a warning to petroleum marketers against hoarding and all forms of illegal practices before, during and after Christmas celebrations.