Putin says OPEC+ coordination to continue
October 11, 2023 Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets. The…
Nigeria’s Upstream oil regulator ‘optimistic’ on Exxon asset sale to Seplat
October 11, 2023 The head of Nigeria’s upstream oil regulatory body says he is “very optimistic” that oil major Exxon Mobil’s asset sale to Seplat Energy can move forward, he…
NERC urges pre-paid metre users to go for update before Nov. 2024
Oct. 10, 2023 The Nigerian Electricity Regulatory Commission, NERC, says From November 2024, users of pre paid metres may not be able to recharge their metre if it is not…
IMF lowers Sub-Saharan Africa growth forecasts
October 10, 2023 Sub-Saharan Africa’s economic growth will shrink for a second year in a row in 2023 before rebounding in 2024, the International Monetary Fund (IMF) said on Tuesday…
NDDC, NLNG sign pact to maximise impact of development in Niger-Delta
The Niger Delta Development Commission (NDDC) and Nigeria LNG Limited (NLNG) today signed a Memorandum of Understanding (MoU) to leverage shared aspirations and collaborate on diverse fronts in the delivery…
PENGASSAN calls for salary benchmark for oil workers
Oct. 10, 2023 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called for a salary benchmark for oil and gas workers in the country. Mr Festus…
Refining crude oil in Nigeria will not bring down the price of petrol – Kyari
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said that refining crude oil in the country would not necessarily bring down the local…
NMDPRA, oil marketers set to resolve petroleum products distribution challenges
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has held a meeting with oil marketers to resolve the challenges faced with importation and distribution of petroleum products in…
CBN Governors and policy priorities, by Arize Nwobu
The Central Bank of Nigeria (CBN) was established by the CBN Act of 1958 and commenced operation in 1959. The current legal framework within which the CBN operates…
No cause for alarm, eNaira poses no threat to financial stability – CBN
Oct. 9, 2023 The Central Bank of Nigeria (CBN), has assured Nigerians that its digital currency, eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN,…