NUPRC Announces The Increase of 1.087bn Barrels to Nigeria’s Crude Oil Reserves The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday formally announced a rise in Nigeria’s hydrocarbons’ reserves as of January 1, 2024, with the country’s stock of crude oil...

Pressure on Households as Food Inflation Rises to 40% Nigeria’s food inflation has continued on a steady rise, reaching 40.01 percent in March 2024 on a year-on-year basis, this is 15.56 percent higher compared to the rate recorded in March...

Tinubu Targets 25,000 Jobs, $2.5Bn from Compressed Natural Gas Scheme   Federal Government under President Bola Tinubu is targeting over 25,000 job creation and $2.5bn worth of investment from the Compressed Natural Gas (CNG) scheme in the nation’s economy by 2027. The Programme...

FG, Interpol Partner to Extradite Two Indian Nationals Linked to $25m Transformer Deal   In a joint effort to prosecute alleged corruption, the Federal Government of Nigeria and the International Criminal Police Organization (INTERPOL) have initiated extradition proceedings against Jitendra Mamtora...

The NDIC And Recapitalisation Of Banks, by Salisu Na'inna Dambatta   The ongoing CBN-inspired recapitalisation for banks has serious implications for the banking sector, the equity capital market and the Nigeria Deposit Insurance Corporation of Nigeria (NDIC). While the banking sector may...

Oil marketers are seeking a decrease in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between N700 and N850/litre, as operators plan to meet with the refinery managers in the coming week.