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MOMAN challenges downstream operators on services automation 

The Major Oil Marketers Association of Nigeria, (MOMAN), has challenged operators in the Nigerian downstream sector on the automation of their services...

Apex Court nullifies naira redesign policy, says old notes valid till Dec 31

The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria (CBN). The court...

Seplat declares $15 cents per share full-year dividend  

The energy Company’s also grew its revenue by 29.8 per cent to N403.9bn from N293.6bn year-on-year; as its gross profit soars to N197.2billion from N114.2billion year-on-year, rising by 63 per cent.

CIBN, bank CEOs call for calm

The Chartered Institute of Bankers of Nigeria said is liaising with the Body of Banks chief executives to address the current challenges. 

CBN Debunks Claims About Capacity of NSPMC Plc to print more money

The Central Bank of Nigeria (CBN) has described as misleading, report misquoting the Governor of the bank, Mr. Godwin Emefiele, attributing the...

Supreme Court suspends Nigeria’s Naira redesign policy

The Supreme Court of Nigeria has restrained the Federal Government from continuing with the full implementation of the demonitization policy.

CBN Gov, Emefiele unveils Nigerian National Domestic Card Scheme ‘AFRIGO’

Unveiling the first Central Bank-led domestic scheme card scheme in Africa in a virtual ceremony on Thursday, January 26, 2023, Emefiele said the new card scheme, done in collaboration with the Nigeria Inter-bank Settlement System (NIBSS), would provide more options for domestic consumers while also promoting the delivery of services in a more innovative, cost-effective and competitive manner.

Oil sector will drive Nigeria’s GDP growth to 3.5% in 2023- Minister

Fitch Solutions had estimated that Nigerian crude oil production will fall by 15.2 per cent in 2022 and by another 14.9 per cent in 2023.

BUA chairman, IFC meet in Lagos

Abdul Samad Rabiu, Chairman, and Founder of BUA Group on Tuesday, received a delegation from the International Finance Corporation (IFC) led by...

Don’t subjects new Naira notes to experiment- MINT

In a statement, the Managing Director, Mr.Ahmed Halilu, admitted that the new Naira notes losing their colours when rubbed on white surfaces oes not indicate poor quality of the notes.

NNPC denies exporting 17.877m barrels of oil without proper documentation

The Nigerian National Petroleum Company Limited (NNPC) has debunked an allegation exported 17.877 million barrels of crude oil...

Buhari signs 2023 budget into law

President Buhari said that he had to sign the 2023 Appropriation Bill into law as passed by the National Assembly to enable its implementation commence without delay, considering the imminent transition process to another democratically elected government.
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We pay for only electricity generated, put on the grid – NBET 

The Nigerian Bulk Electricity Trading (NBET), has said that it only responsible for electricity generated and put on the grid and not...

NLNG joins U.N. group to reduce methane emissions, pursues decarbonisation

 According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.

Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.

NBET denies NDPHC January payment

NDPHC, from data gathered by energy TIMES, was billed N854,104,159 million, having consumed 861,007.18 million cubic feet of gas in the month of January.