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Reps Probe CBN’s N1.12trn Anchor Borrowers Scheme, NIRSAL’s N215b Loan The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s…
Petroleum Producers Demand Quick Conclusion of Pending IOCs Divestment Transactions The Independent Petroleum Producers Group (IPPG) has called for a quick conclusion of all the pending International Oil Companies (IOCs)…
FG Seeks More Investments as Oil Production Drops to 1.3mbpd Sen. Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), has called for more investments in the oil and gas industry…
Nigerian Exchange Sheds N21bn as Investors Take Profit The Nigerian Exchange (NGX) shed about N21 billion on Monday due to profit taking activities on stocks. Hence, key market performance indicators…
Naira Sinks Deep as FX Liquidity Challenge Persists Untamed demand for foreign currencies shadowed purchasing power of the Nigerian naira, gasping for strength after 40% year-to-date depreciation in the forex…
FG Donates 1,419 Metric Tonnes of Maize, Garri to Oyo State The Federal Government has donated 1,287 metric tonnes of maize and 132 metric tonnes of gari to Oyo state…
Oil Rallies amidst Supply Concerns Oil markets started the week on an optimistic upswing due to the decreasing value of the US dollar against other currencies, which fell by 0.33%…
DMO Offers 2 Savings Bonds for Subscription for July The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) savings bonds for subscription at N1, 000 per…
Sen. Yaroe Distributes N6m Farming Inputs to Farmers in Constituency Sen. Binos Yaroe, representing Adamawa South Senatorial District, has distributed N6 million worth of farming inputs to no fewer than…
Aiteo Terminates Contracts with Surveillance Security Providers Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPCL joint venture on OML 29, has terminated its contracts with Amotoi Global…