FG Recovers N6bn from Four-Year Ports Dispute Settlement The Federal Government through the Nigerian Shippers’ Council, said it recovered the sum of N6.1bn from dispute settlements at the ports between 2019 to 2023. It said a total of N6.1bn was saved and recovered by the council...

FG Moves N150bn Business Loan Disbursement to September The Federal Government has shifted the start of the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises until September. The Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, confirmed this during a meeting...

NNPC Refutes $6.8bn International Oil Debt Allegation The Nigerian National Petroleum Company (NNPC) Limited says it does not owe international oil traders $6.8 billion. Reports had said the company is indebted to international oil traders to the tune of $6.8 billon and that it has not...

Court Orders Forfeiture of $2.04m, Assets Linked to Emefiele The Federal High Court in Lagos has ordered the interim forfeiture of a cash sum of $2,045m linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Akintayo Aluko also ordered the...

Energy Transition: Nigeria, Equatorial Guinea Ink Pipeline Deal As part of the commitment to its gas expansion and energy transition programmes, Nigeria on Wednesday evening signed an agreement on Gulf of Guinea Pipeline Project with the Republic of Equatorial Guinea. President Bola Ahmed Tinubu, who is...

OPEC Places Nigeria's Crude Oil Production at 1.3mbpd Nigeria’s average daily crude oil production increased marginally to 1.307 million barrels per day in July, the Organisation of the Petroleum Exporting Countries said on Monday. OPEC’s figure is contrary to claims by President Bola Tinubu and the...