Nigeria’s Crude Oil Production Rises 1.4mbd, Says OPEC  The Organisation of the Petroleum Exporting Countries said Nigeria’s crude oil production rose to 1.418mbpd in December 2023. OPEC, in its Monthly Oil Market Report for January 2024, said Nigeria’s crude oil production increased by 100mb/d, from 1.319mbpd...

FG Plans N5.1bn TETFund Grant to Fund 185 Research The National Research Fund grant cycle initiated by the Tertiary Education Trust Fund has received approval for N5,128,180,623 to fund 185 successful research proposals. The Minister of Education, Prof. Tahir Mamman, conveyed this approval, following the recommendation...

FG to Resume Payment, Clear N35,000 Wage Award Arrears The Federal Government has assured workers that it will clear the arrears of the N35,000 wage award just as it also said the government had resumed the payment of the wage award. The government also reiterated its...

FG Eyes World Bank's $1.5bn Loan to Stabilise Naira - Edun The federal government has said it is in discussion with the World Bank for a $1.5 billion loan to support the budget and also provide liquidity in the forex market. The Minister of Finance and...

NNPCL Says 10,166 Illegal Refineries, Connections Destroyed in Three Years The Nigerian National Petroleum Company Limited, on Wednesday, said a total of 10,166 illegal refineries and crude oil connections were destroyed in Nigeria since 2021. It specifically stated that over 5,686 illegal refinery sites were destroyed,...

Currency Outside Banks Rose To N3.08trn In Nov 2023 – CBN   Latest figures from the Central Bank of Nigeria (CBN), on Tuesday, revealed that cash outside banks experienced a 27.80 per cent increase, reaching N3.08 trillion in November 2023 from N2.41 trillion in recorded in...