The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy governors of the apex bank. They were confirmed on Tuesday following a screening...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has promised that his administration would inculcate a culture of compliance into the apex bank by adhering strictly to the CBN Act 2007. “I believe...
Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer. Brent crude futures were down...
The Nigerian National Petroleum Company (NNPC) Limited, Nigerian Content Development and Management Board (NCDMB) and International Oil companies (IOCs) operating in the country have signed a Memorandum of Understanding (MoU) to reduce the cycle of contracts...
Oil prices held steady on Monday after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand. Brent crude futures were...
Minister of the Federal Capital Territory FCT, Barrister Nyesom Wike, has revoked 21 plots of land in Abuja’s Central Business District CBD. A revocation notice signed by the Permanent Secretary in the FCT Administration, Olusade Adesola...
The federal government yesterday announced that it had secured a $13.5 billion investment commitment from International Oil Companies (IOCs) as well as independent producers to boost the country’s crude output in the next 12 months. The...
Vice President Kashim Shettima, on Saturday, said that with China’s support, Nigeria’s socio-economic development has improved significantly. He said this while delivering his goodwill address during the Mid-Autumn Festival and National Day celebration held in Lagos. The...
Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply concerns stemming from Russia's fuel export ban against demand woes from future rate hikes. Brent futures settled 3...
Vice President Kashim Shettima has promised to use his position to continue to ensure an unbreakable fraternal bond between the executive and the legislature, saying President Bola Ahmed Tinubu remains committed to safeguarding Nigeria’s democracy. Accordingly,...