Cashless policy: CBN is calling for the adoption of e-Naira.
The Central Bank of Nigeria (CBN) has urged stakeholders and institutions to adopt and promote the e-Naira policy both as a payment system and...
Four months of gas flaring cost Nigeria N150 billion – NOSDRA
Between January and April 2023, oil and gas firms doing business in Nigeria flared 92.3 million standard cubic feet of gas, or mscf, estimated...
Tinubu signs Electricity Act 2023 into Law
President Bola Ahmed Tinubu has signed the Electricity Act 2023 just 10 days after taking office.
The Electricity and Power Sector Reform Act of 2005...
Nigeria’s oil industry income dropped by 60% in February to N308bn – CBN
In February 2023, Nigeria's oil-related revenue dropped by 60% to N308.07 billion. According to the Monthly Economic Report, or MER, released on Thursday by...
We didn’t devalue Naira – CBN
The Central Bank of Nigeria, CBN, has dismissed reports that it devalued the Naira.
Reports had earlier emerged that CBN devalued Naira from N631 to...
NNPCL clears $3.8bn Joint Venture cash-call debts to IOCs
The Nigerian National Petroleum Company Limited, NNPCL, says it has cleared the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies,...
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