NCDMB, NEXIM Release N62bn to Boost Oil & Gas SMEs   As part of the measures to empower Nigeria’s oil and gas services sector, the Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have disbursed about...

Dangote Refinery Now Produces 20m Litres of Fuel Daily - NMDPRA   The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Farouk Ahmed, has disclosed that the 650,000-barrel-per-day Dangote refinery has begun to transform Nigeria’s petroleum supply...

NDPHC Commends Tinubu Over N4trn Bond Approval for GenCos' Debt Settlement   The Managing Director of the Niger Delta Power Holding Company (NDPHC) Jennifer Adighije, has commended President Bola Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his...

World Bank Urges Govt to Implement Reforms and Fiscal Discipline   The World Bank has urged the Federal Government to sustain the momentum of its economic reforms by tightening fiscal and monetary policies, enhancing transparency in public finance, and consolidating gains...

NGX Surges by N308bn on Strong Blue-Chip Demand   The Nigerian Exchange Limited (NGX) extended its bullish run on Thursday, gaining N308bn in market capitalisation as sustained investor interest in blue-chip stocks lifted the overall performance of the market. At the close...

NEITI Reveals Oil Firms, Agencies Owe FG N1.5tn in Unremitted Revenues   The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that oil companies and some government agencies owe the federation about N1.5tn in outstanding oil and gas remittances. NEITI’s Executive Secretary,...