Hope: On 1 October 1960, Nigeria gained its independence from Britain following years of struggle for sovereignty by leaders from various ethnic groups in the country. This year marks Nigeria’s 63rd anniversary of independence. The years...
President Bola Tinubu has announced a marginal increase in the take-home pay of junior federal civil servants to cushion the impact of the removal of petrol subsidy, In his Independence Day speech on Sunday, the president...
President Bola Tinubu has returned to Nigeria after a week of silence on his whereabouts at the end of the 78th session of the United Nations General Assembly in New York. There were concerns about the...
Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30% in the quarter as OPEC+ production cuts squeezed global crude supply. Front-month Brent November futures settled down 7...
Afreximbank is approaching oil traders to finance a $3 billion loan to the Nigerian National Petroleum Company (NNPC) Limited, which is central to the country’s efforts to support the naira. The NNPC had on August 16,...
U.S. oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States added to worries over tight global supplies from OPEC+ output cuts. By...
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...