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World Bank Cuts CBN Grant to $6.8m, Approval Set for March

The World Bank has cut its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million, with board consideration now scheduled for March 27, 2026.

Idle Refineries Cost Nigeria N13trn in Two Years

The Nigerian National Petroleum Company Limited (NNPCL) spent an estimated N13.2 trillion on its three state-owned refineries between 2023 and 2024.

Nigeria Needs $22bn for Gas Pipelines Project – NNPC

Nigeria may need up to $22 billion in new investments to deliver planned gas pipeline projects under the Nigerian National Petroleum Company Limited’s (NNPC) Gas Master Plan 2026, unveiled

FG Moves to Reward Transparency with MOFI Excellence Awards

The Ministry of Finance Incorporated (MOFI) is set to announce the inaugural MOFI Excellence Awards, scheduled for Q2 2026.

Naira Gains Against Euro, Trades at N1,606/€1

The Nigerian naira strengthened against the euro during Thursday’s trading session, closing at N1,606/€1, up from Wednesday’s N1,644/€1, according to Central Bank of Nigeria (CBN) data.

NNPC Opens Talks with Chinese Firm to Revive Refineries

Nigeria’s refining sector may see new momentum as the Nigerian National Petroleum Company (NNPC) Limited begins talks with a major Chinese petrochemical firm to revive one of its state-owned refineries.