Zenith Bank Suspends International Use Of ATM Cards
JUST like First Bank, Standard Chartered Bank and most recently, the Guaranty Trust Bank had all announced that its naira cards will no.
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Nigerian Security Printing, Minting Clarifies Ink Traces On New Naira Notes
THE Nigerian Security Printing and Minting (NSPM) has said that the New Naira leaves traces of intaglio inks when rubbed on plain white.
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Incoming Administration Will Inherit N77trn Debt – DMO
NIGERIA’s debt profile is expected to hit N77 trillion as President Muhammadu Buhari leaves office in five months’ time. Patience Oniha, director general.
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FG Gives Ultimatum To Companies To Reveal Real Owners Of Oil Wells In Nigeria
THE Nigerian Upstream Petroleum Regulatory Commission has issued a seven-day ultimatum for all lease and licence holders operating in Nigeria’s oil and gas.
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Fuel Subsidy Deadline: Nigeria Will Still Spend N3.36trn Before June 2023
NIGERIA will keep its petrol subsidy until mid-2023 and has set aside N3.36 trillion to spend on it, Finance Minister Zainab Ahmed said.
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Fuel Hike: NMDPRA Seals Azman, Red Star, 12 Other Filling Stations In Kano
THE Kano state office of the Nigeria Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed 14 filling stations for selling Premium Motor.
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Passengers Stranded As NAHCON Equipment Ramps Into Air Peace Plane
A NAHCON handling equipment that ramped into an Air Peace Plane has left many travellers stranded at the Murtala Muhammed International Airport in.
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NNPC Denies Exporting 17.877m Barrels Of Oil Without Proper Documentation
THE Nigerian National Petroleum Company Limited (NNPCL) has denied exporting 17.877 million barrels of crude oil between 2016 and 2020 without proper documentation..
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FG To Stop Payment Of Fuel Subsidy By June 2023
THE Federal Government has said that it will stop the payment of fuel subsidy by the end of June 2023. The Minister of.
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Nigerian Oil Production Rises To 8-month High Of 1.35m b/d
OPEC’s crude output edged higher last month as Nigeria partially reversed a long-term slump with recent cracking down on oil theft. The Organization.
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NERC Orders Discreet Increase In Electricity Tariff
THE Nigerian Electricity Regulatory Commission (NERC) has quietly ordered electricity distribution companies to increase the cost of electricity across their franchise areas. News.
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E-Transactions Hits In 3.5bn In Nigeria, Ranks 6th Globally
FOLLOWING various policies by the Central bank of Nigeria (CBN) to boost cashless economy, analysts have noted that electronic transactions in Nigeria peaked.
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Loan Denial: Nigeria To Pay An Extra $4 Billion, Buhari Tells Senate
PRESIDENT Muhammadu Buhari in a meeting with the Senate on Tuesday has said, Nigeria will pay an extra $4 billion to service its.
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How NNPCL, Security Agencies Intercepted Large Oil Vessels, Vehicles With Stolen Crude
NIGERIAN National Petroleum Company Ltd (NNPCL) and the Security Agencies on Friday, tracked, intercepted, and destroyed two oil vessels and two cars with.
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German Investors Eye Nigerian Market
GERMAN companies have perfected plans to boost activities in Nigeria and other African countries next year. According to a Reuters survey, the German.
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GTBank Stops International Transactions On Naira Mastercard
GUARANTY Trust Bank (GTBank) says it will suspend international transactions on its naira Mastercard from Saturday, December 31, 2022. The bank made this.
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FG Releases 82 Air Crash Reports, 272 Recommendations
THE Nigerian Safety Investigation Bureau on Thursday said it had released a total of 272 safety recommendations and 82 accident reports of air.
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FG Seeks To Probe 40 Loan Apps, FinTechs Over Financial Abuse
THE Federal Government is exploring avenues to probe some digital loan apps over what has been described as alleged sharp practices and abuses..
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Reps Want NPDC To Suspend Auction Of OML 11 Asset
THE House of Representatives has urged the Nigerian Petroleum Development Company (NPDC) to suspend its planned auction of the Oil Mining License (OML).
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Dangote, Other African Refineries Require 1.7m bpd Of Crude Oil
AS the push from fossil fuels continues in the developed countries with reduced buyers for Nigeria and other African crude, there are indications.