November 30, 2023
Africa: OPEC Agrees On Additional Oil Production Cut
OPEC disclosed this at its 36th OPEC and non-OPEC ministerial meeting Read more »
November 29, 2023
Nigeria: Again, Supreme Court Extends Validity of Old Naira Notes
The Supreme Court, in the ruling, reviewed its earlier order that the old notes should cease be legal tender by the last day of December 2023. Read more »
Nigeria: Govt Woos Foreign Mining Investors With Lower Production Costs
The minister quoted recent reports by audit firm KPMG which reported that mining's contribution to Nigeria's GDP rose from 0.3 per cent to 0.85 per cent last year, indicating 0.63… Read more »
Nigeria: Tinubu Presents Nigeria's 2024 Budget to National Assembly
The N20.50 trillion budget approved by the Federal Executive Council (FEC) on Monday is the president's first full-year budget since he assumed office in May. Read more »
November 24, 2023
Nigeria: Ibom Air Refutes Claims of Stopping Flights to Calabar
The airline apologised to passengers affected by flight disruption. Read more »
Nigeria: Shettima Urges Governors to Develop Agriculture Sector
Mr Shettima hinted at the possibility of engaging the private sector in tackling floods and other natural disasters in the country. Read more »
November 22, 2023
Nigeria: Reps to Probe Zenith Bank Over Alleged Freezing of Customers' Forex Accounts
Three weeks ago, customers' accounts were frozen and a message was sent out by Zenith Bank to its customers, asking them to refund the money they transferred using the App. Read more »
Nigeria: NCDMB Refutes Inaccurate Report About Shell, Other Int'l Oil Companies in Nigeria
A statement issued on Tuesday by Manager, Corporate Communications of NCDMB, Mr Esueme D Kikile in Yenagoa described the report as inaccurate and "a failure to understand the… Read more »
November 23, 2023
Nigeria: TotalEnergies Confirms Oil Leak At Egina Field
The leak had occurred while crude was being loaded from the Egina FPSO to a vessel on 15 November. Read more »
November 22, 2023
Nigeria: Senate Passes Medium Term Spending Plan With Borrowing Plan
The Senate approved the framework with an exchange rate of N700 to a U.S. dollar and adopted the benchmark of oil price for 73 dollars per barrel of crude oil and 1.78 million… Read more »
Nigeria: Gas Flare - NUPRC Warns Oil Producers Against Frustrating Climate Action Plan
The commission will activate the necessary provisions of the Petroleum Industry Act (PIA) 2021 and enabling regulations to ensure faithful implementation of the programme. Read more »
Nigeria: Over 5,000km of Oil Pipelines Vandalised - NNPCL
NNPCL CEO, Mele Kyari, says the continuous vandalisation of the pipelines is causing a huge loss to the company. Read more »
Nigeria: Cost of VP's New Residence Doubles As Wike Reawards Construction Contract
The contract, which was initially awarded to Julius Berger in 2010 for N7 billion, was not executed as planned owing to lack of funds. Read more »
November 21, 2023
Nigeria: Lawmakers Okay Medium Term Spending Plan, Sets Exchange Rate and Oil Standards
The lawmakers slammed revenue-generating agencies of the federal government for running inefficient systems. Read more »
Nigeria: Nigerian Govt Revokes 1,633 Mining Licences
"In line with the powers conferred on me by the Nigerian Minerals and Mining Act 2007, Section 5 (a), I have approved the revocation of the 1,633 titles," the minister said. Read more »
Nigeria: Govt to Ensure Inclusive, Prosperous Future for Nigeria's Creative Economy - Shettima
Mr Shettima apologised for past administrations' neglect of creative economy. Read more »
Nigeria: Investment Drive - Nigeria, Germany Sign MOUs On $500m Renewable Projects, Gas Supply
President Bola Tinubu, who witnessed the signing ceremonies, assured German businesses that with Nigeria's stable political landscape, foreign investments into the country are… Read more »
Nigeria: Tinubu Seeks German Investment in Critical Sectors
President Tinubu said that German investment was needed in critical growth-enabling industries in energy, transportation, and electric power generation, transmission and… Read more »
Nigeria: Ekiti to Contribute Immensely to Mining Sector Development - Alake
Governor Oyebanji of Ekiti State emphasised the imperative of collaborating with the federal government on mining sector reforms for the economic development of federating units. Read more »
November 20, 2023
Nigeria: Reps Panel Queries Lottery Trust Fund Over Extra-Budgetary Spending
The committee said the agency is fully funded and must remit all revenue to the Consolidated Revenue Fund and should not spend money without the approval of the legislature. Read more »
Nigeria: Senate Calls for Public Hearing On ICT, Cybercrime Act 2015
The Senate called for memoranda that will be considered in the Upper Chamber's efforts to improve the governance of the cyberspace in Nigeria. Read more »
Nigeria: Nine Bodies Recovered After Niger Boat Mishap - Official
Ten persons were confirmed dead in a boat mishap that occurred in Shiroro Local Government Area of Niger State on Thursday, 16 November. Read more »
Nigeria: Petroleum Tanker Drivers Threaten to Exit NUPENG After Disputed Poll
A section of petroleum tanker drivers said their members would begin a nationwide protest to press home their demand. Read more »
Nigeria: Sun Africa Pledges to Commit $2.2bn Into Power Project in Nigeria - Minister
The minister said that the initial phase of the Sun Africa's project would focus on delivering 961 Megawatts peak (MWp) of solar Photovoltaics (PV) infrastructure and 455MWh of… Read more »
Nigeria: N2.5bn Judgement Debt - ABU, 110 Staff Members' Settlement Meeting Ends in Deadlock
The 110 former staff members of ABU Zaria obtained a N2.5 billion court judgement in 2015 following their unlawful disengagement by the university in 1996. Read more »