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...

Non-bank Transactions Surge Threatens W’Africa’s Financial Stability – Cardoso The Governor of the Central Bank of Nigeria, Yemi Cardoso, has raised concerns about the growing volume of financial transactions by non-bank and Other Financial Institutions, saying they pose significant risks to the stability of the...

FCCPC Investigates Steel Manufacturers Over Product Quality The Federal Competition and Consumer Protection Commission (FCCPC) is investigating the quality of steel being produced by three local steel manufacturing companies. The FCCPC team, at the weekend, stormed three steel manufacturing firms in Ogun State to investigate the...

CBN Parleys OPS to Boost Productive Sector The Central Bank of Nigeria (CBN) recently hosted a dialogue between the Organised Private Sector (OPS) and relevant stakeholders to explore strategies for enhancing Nigeria’s productive sector. The meeting held at the bank’s Lagos office focused on exploring how...

Refineries Will Begin Operation Before December – Chairman Niger Delta Affairs The Senator representing Ondo North Senatorial District, Jide Ipinsagba, has assured Nigerians that refineries will begin full operation before the end of the year. Ipinsagba, the chairman on Niger Delta Affairs, said the sufferings of...