The Organisation of the Petroleum Exporting Countries (OPEC) announced on Wednesday that it will maintain its previous forecasts for global oil demand growth in 2025 and 2026. In its monthly oil market report, OPEC projected a year-on-year increase of 1.3 million barrels per day (bpd) in both 2025 and 2026, unchanged from last month’s estimates….
The Presidency says Nigeria attracts over 8 billion Dollar (about N12.8 trillion) investments in deepwater projects and gas Final Investment Decisions (FIDs) in one year. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu disclosed this on Wednesday, at the 2025 Africa CEO Forum holding in Abidjan, Côte d’Ivoire. A statement on the address…
The Federal Capital Territory Administration (FCTA) has inaugurated the FCT Lottery Regulatory Commission and called on lottery and gaming operators to submit applications for licenses to operate in the territory. Director-General of the Commission, Mr Lanre Gbajabiamila, disclosed this during a news conference on Wednesday in Abuja. Gbajabiamila said that the establishment of the commission…
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday officially inaugurated the Non-Resident Bank Verification Number (NRBVN) platform in Abuja. According to the apex bank, this innovative digital gateway allows Nigerians in the diaspora to obtain a BVN remotely without the need for a physical presence in…
Oando Plc, the indigenous firm that acquired Nigeria Agip Oil Company, says it has recorded four operational oil spills from October 2024 to date. The oil firm disclosed this in a statement made available to the News Agency of Nigeria (NAN) by Oando’s Spokesperson Mrs Alero Balogun, General Manager, Human Resources & Business Support ,…
Vice-President Kashim Shettima has said that Nigeria is harmonising its laws to make cross-border commerce more seamless, secure, and scalable. Shettima said this on Monday while inaugurating the oversight committee for the Fourth African Union (AU) Micro, Small, and Medium Enterprises (MSME) Forum, in Abuja. The News Agency of Nigeria (NAN) reports that President Bola…
Alfa Designs Nigeria Ltd., a leading oil and gas company, says it is set to deploy Compressed Natural Gas (CNG) cascade to proximity areas to spur its availability in the country. The Group Managing Director/Chief Executive Officer of the company, Mr Quadri Fatai, disclosed this in an interview with the News Agency of Nigeria (NAN)…
The Debt Management Office (DMO), on. Monday hosted an investor meeting for the issuance of N300 billion series seven Sovereign Sukuk issuance in Abuja. The Director-General of the DMO, Patience Oniha, said that since inception in 2017, Sukuk had become a product of choice for non- interest investors in the capital market. According to Oniha,…
Gov Abdullahi Sule of Nasarawa State has urged Dangote Industries Limited to consider investing in more sectors of the state economy. Sule, in a statement on Sunday, said the state was home to solid mineral resources and the strategic partnership between both parties would speed up Nigeria’s industrialisation process. The governor, represented by Nasarawa State’s…
Some bank customers, especially those of Guaranty Trust Holding Company (GTCO) say they will opt for electronic mail alert from their banks to cut costs and reduce charges on their accounts. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said they would deactivate the Short Message Services…
