NNPC Disagrees as Report Puts Petrol Debt at $6bn Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early April, as the Nigerian National Petroleum Company Limited struggles to cover the gap between fixed pump...

NGX Confirms Jude Chiemeka CEO The Nigerian Exchange Group (NGX) has announced the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited. Chiemeka’s appointment is to take effect from July 1, 2024. This was disclosed in a statement made available by the Head...

Nigeria to Host $5bn African Energy Bank Nigeria has been granted the hosting right for the $5bn African Energy Bank after beating Ghana, Benin Republic, Algeria, South Africa and Cote d’Ivoire in a keenly contested bidding. The Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, told...

Tinubu Unveils N2trn Economic Revival Plan, Inaugurates PECC President Bola Ahmed Tinubu has presented a N2 trillion stabilization and advancement plan to the Presidential Economic Coordination Council (PECC). The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this to State House...

CNG: NNPC to Build Three LNG Stations, 100 Sites Nationwide The Nigerian National Petroleum Company (NNPC), says the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has commenced and is irreversible. Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd, said in addition to...

ID4D: W'Bank Restructures $430m Project to Guarantee Financing as Nigeria Misses Deadline The World Bank has said it is restructuring the Nigeria Digital Identification for Development (ID4D) project to guarantee complete disbursement of the $430 million pledged for the project by the financiers. According to the...