DPR issues licence for Nigeria’s first floating LNG plant
The Department of Petroleum Resources announced on Monday that it had issued a licence to UTM Offshore Limited, an indigenous oil and
Read more
FEATURED
Naira weakens further at investors, exporters’ forex window
The naira extended its decline on Monday at the Investors’ and Exporters’ Foreign Exchange Window, falling by 0.59 percent against
Read more
Nigeria needs urgent policy adjustment as economy worsens – IMF
The International Monetary Fund has said Nigeria needs urgent policy adjustment and more fundamental reforms to address its economic woes.
Read more
Prestige Assurance posts 74.64% rise in annual profit
Prestige Assurance Plc has reported a 74.64 percent in its profit before tax for the 2020 financial year. The company’s
Read more
NNPC records 54% increase in monthly trading surplus
The Nigerian National Petroleum Corporation has announced a trading surplus of N13.43 billion for November 2020, up by 54 percent
Read more
Rewane sees further devaluation as naira wobbles against dollar
The Nigerian currency is expected to be further devalued this year as it is overvalued by 28.79 percent, a renowned
Read more
WTO DG: I look forward to finalising process, says Okonjo-Iweala
Following the withdrawal of her only rival and the support from the United States, a former Nigerian Minister of Finance,
Read more
Cryptocurrency ban: Is CBN on collision course with SEC?
The prohibition of cryptocurrency transactions in Nigeria has raised questions about whether the Central Bank of Nigeria and the Securities
Read more
Cryptocurrency: ‘Your funds intact, CBN ban will be resolved soon’
A major cryptocurrency exchange in Africa has expressed confidence that the ban on cryptocurrency transactions in Nigeria by the Central
Read more
Nigeria moves to keep investment flowing as oil majors slash spending
The Nigerian National Petroleum Corporation has said it is renegotiating commercial contract terms with major oil firms in the country,
Read more