OPEC Clocks 64, Lauds Nigeria, Tinubu’s Support The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has expressed deep gratitude to Nigeria and President Bola Tinubu for their unwavering support of the organization since Nigeria joined in 1971. In a message...

Saudi Authority Unveils Ethical AI Initiatives  The Saudi Data and AI Authority (SDAIA) has launched an initiative to advance ethical artificial intelligence research and applications, setting a new standard in the global AI landscape. This initiative, announced on Wednesday on the sidelines of the third edition...

AfDB Launches $2bn in New Social Bond Issue The African Development Bank (AfDB) has announced the successful launch and pricing of a new $2bn five-year social benchmark bond, which is set to mature on September 18, 2029. A social benchmark bond is a type of bond...

Dangote Refinery Forced to Export 97% of Product – Edwin The Dangote Petroleum Refinery says only 3 percent of local oil marketers are purchasing refined petroleum products. Devakumar Edwin, vice-president of Dangote Industries Limited (DIL), spoke during an X space organised by Nairametrics. He said due to...

Auditor General Says N8bn not Enough to Audit Over 1000 MDAs The Auditor General of the Federation, Shaakaa Chira, said the N8bn budget for the Auditor General’s office is not enough to audit over 1000 Ministries, Departments and Agencies (MDAs) and the N28.7 trillion annual...

Customs Seizes N1.4bn Smuggled Items in South West Operatives of the Joint Border Patrol Team Sector 2 of the Nigeria Customs Service have intercepted N1.4 billion worth of goods allegedly being smuggled in and out of the country through the land borders in the South...