NEITI Records 200% Compliance From MDAs, Others         The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that compliance to its benchmarks by Ministries, Departments and Agencies (MDA) as well as companies in the oil and gas sector rose by over 200 per cent in 2019...

FG Commences N75bn Support Fund Disbursement This Week         Beginning from this week, the Federal Government will start paying grants to Micro, Small and Medium Enterprises that are successful to partake in the N75bn COVID-19 support schemes. On September 10, 2020, the Federal Government inaugurated two schemes...

Oil Marketers Concerned About Possible Unrest When Prices Rebound         Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to avoid a civil unrest that may arise when oil prices rebound. According to the Major Oil Marketers...

CBN Orders Banks To Clamp Down On COVID-19 Financial Crimes         The Central Bank of Nigeria has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of Terrorism monitoring tools, in line with the red flags and emerging trends arising from the...

300 Sacked SPDC Contract Staffs In Delta Protest, Demand Benefits         Amidst the #EndSARS protest in Delta State, over 300 contract staff who were allegedly sacked by the Shell Petroleum Development Company on Monday staged a protest in Warri, demanding their terminal benefits from the oil...

Naira Drops To 460/$ At Parallel Market         The naira fell slightly at the parallel market on Monday, as it exchanged to the dollar for N460/$ as of the close of work. The naira had exchanged to the dollar on Friday for 458/$. This is as the country’s...