NNPC secures presidential approval for $20b FID Bonga Deepwater project
President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. This is marking…
Nigeria prioritises local gasoline supply, suspends import licences
Nigeria has suspended the issuance of gasoline import licences for a second straight month as regulators begin enforcing provisions of the Petroleum Industry Act (PIA) that only allow imports when…
FG may face renewed pressure to subsidise petrol prices -Economist
Dr. Emmanuel Eche, Senior Lecturer, Department of Economics, Federal University, Wukari, Taraba, says the Federal Government might face renewed pressure to subsidise pump prices of Premium Motor Spirit (PMS). Eche…
Parallex Bank exceeds CBN’s recapitalisation threshold, set for accelerated growth
Parallex Bank Limited has successfully completed the recapitalisation requirement of the Central Bank of Nigeria, surpassing the ₦50 billion minimum capital threshold for regional commercial banks. The milestone reinforces…
41 ships laden with petroleum products, other items to arrive Lagos ports — NPA
Nigerian Ports Authority (NPA) says 41 ships laden with petroleum products, food items and other goods are expected to arrive Lagos ports from March 10 to March 16. The NPA…
Pi-CNG accelerates nationwide CNG, electric vehicles adoption to ease transportation costs
The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) has announced plans to accelerate the nationwide adoption of CNG and electric-powered transportation. According to Pi-CNG &…
Retired Federal Directors laud Pension Commission; urge reviews on the Contributory Pension Scheme
Retired federal public servants, represented by the Forum of Retired Federal Directors, have commended the Federal Government and the Director-General of the National Pension Commission (PenCom), Omolola Bridget Oloworaran, and…
Ministerial Awards: Agriculture Ministry Rewards Excellence to Drive National Food Security Agenda
The Federal Government has tasked Civil Servants on food Security and innovation, says agriculture remains the backbone of Nigeria’s economy and a key driver of food security, job creation and…
Leo Stan Ekeh in the eyes of Tinubu, Obasanjo; by Ken Ugbechie
When Leo Stan Ekeh, the Founder and Chairman of Zinox Group, turned 70 on Sunday, February 22, two outstanding endorsements ushered him into the sacred club of septuagenarians. Ekeh got…
Oil prices surge to highest since 2022 at over $119 a barrel on Middle East war
Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market…