PRESS RELEASE The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021. This […]
The National Bureau of Statistics (NBS) recently reported that Nigeria’s inflation rate fell to 23.18 percent in February, down from 24.48 percent in January. Despite this, many analysts questioned the figure and the new methodology. A few […]
The federal government has awarded a contract for the renovation of two major Lagos ports — Tin Can and Apapa — to Chagoury Group, TheCable understands. Chagoury Group is a multinational conglomerate led by Gilbert […]
PRESS RELEASE NNPC Limited has reaffirmed its commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilized to deliver meaningful development in host communities. This pledge was made during a […]
The House of Representatives, through its Public Accounts Committee (PAC), has recovered a total of $19,241,109.35 (approximately ₦28.7 billion) from two oil companies as part of ongoing efforts to reclaim outstanding revenues owed to the […]
The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its directive increasing ATM withdrawal charges. This resolution resulted from a motion on urgent national importance moved by Rep. Marcus Onobun […]
A Federal Capital Territory Customary Court in Dawaki, Abuja, has ruled that no marriage ever existed between Nigerian businessman and former Skye Bank chairman, Tunde Ayeni, and female lawyer Adaobi Alagwu. SaharaReporters had reported on […]
Operatives of the Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate have arrested 28 suspected ponzi scheme operators in Minna, Niger State. The suspects are: Nofisat Opeyemi, Shukurat Muritala, Odunayo Sanni, Mayowa Oyekola, Aishat […]
PRESS RELEASE Re: Clarification on the Naira Crude Contract Between NNPC Limited and Dangote Refinery NNPC Limited has noted recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales […]
Nigeria’s petrol imports have persisted with no significant decline despite reported rising domestic refining capacity. Nigeria, Africa’s largest crude oil producer and home to one of the biggest private refineries in the world, imported N3.3 […]
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