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Nigeria loses $1.4 billion in unpaid gas royalties and flare penalties – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has released a new study that claims that unpaid gas royalties and fines for gas flaring have...
We received roughly $5.5 billion in bank financing to build the Dangote Refinery – Aliko Dangote
Aliko Dangote, the richest man in Africa, disclosed that his company obtained bank loans totaling an impressive $5.5 billion to construct the Dangote refinery.
Dangote...
Nigeria produced 1.25 million barrels of crude oil per day in May – OPEC
Nigeria produced 1.25 million barrels of crude oil per day on average in May 2024, down from 1.28 million barrels in April.
Compared to the...
Pension Fund Withdrawals Total N14.2 Billion from Nigerians as Job Losses Rise
The distribution of N14.2 billion to 8,651 Nigerians who suffered temporary job loss in the first quarter of 2024 has been approved by the...
Naira Strengthens Below N1,500/$ Threshold Ahead of US Interest Rate Decision
While market participants awaited the release of America's inflation data and the U.S. Federal Reserve's interest rate decision later in the day, the naira...
