CBN Defers September 2023 MPC meeting
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has deferred its 293rd meeting scheduled for Monday and Tuesday, September 25 and 26, 2023, respectively. The apex…
Just Energy Transition: NNPCL, EITI supporting company, joins UN Global Compact Initiative
Three years after emerging as a supporting company of the global Extractive Industries Transparency Initiative (EITI), the Nigerian National Petroleum Company (NNPC) Limited on Thursday in New York signed up…
CBN unveils portal for MFB license application, approvals, other requests
An online platform dedicated for the submission of applications for microfinance bank (MFB) licences has been launched, the Central Bank of Nigeria (CBN) announced on Wednesday in Abuja. The Director,…
RMAFC announces over N5.2trn accrual in the Federation Account in six months
The Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has reported an accrual of over N5.24 trn in the Federation Account between January to June this year. This is coming barely…
Debtor companies, individuals still being paid, as govt. recovers N57bn from N5.2trn. debt in 10 MDAs
Several companies and individual contractors and consultants working for the government are still being paid billions despite their refusal to honour their obligations to pay their debts, findings from a…
Takaful insurance not conflicting with religious belief, Emir of Kano tells Nigerians
NAICOM confers the Royal Ambassador for Insurance honour on Emir Taking insurance policy, especially Takaful, against loss of life and property does not conflict with any religious belief of Nigerians,…
Energy Transition: Sahara Group affiliate, Asharami Synergy believes Africa holds the key to decarbonising world economy
Asharami Synergy Kenya, a Sahara downstream company, says it shares in the vision that Africa, through the youth, holds the key to decarbonising the world economy. Country Manager, Asharami Synergy…
2021 Oil, Gas Industry Report: NNPC accounts for over 80% of financial liabilities, as unremitted revenue rises to $9.85bn – NEITI
Despite realizing about $23.04bn in total revenues from oil and gas industry operations in 2021, outstanding liabilities to the Federation stood at about $8.27bn, the Nigeria Extractive Industries Transparency Initiative…
Defunct Peak Merchant Bank customers, ex-staff to get liquidation dividends soon – NDIC
The payment of liquidation dividend to customers and entitlements to the former workers of the defunct Peak Merchant Bank is to commence soon, the Nigeria Deposit Insurance Corporation (NDIC) has…
NNPCL, Indorama seal deal to deepen Nigeria’s gas development strategy
Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding (MOU) with Indorama Eleme Petrochemicals Ltd. Rivers state for the development of the country’s gas resources. The agreement…