Wednesday, April 29, 2026
Who will fund Rosneft’s $157bn mega oil project?
The head of Russia’s largest oil firm, Rosneft, has pitched a massive Arctic oil project to Japanese companies in Tokyo,...
Read moreDetailsNigeria to spend N750.81bn on fuel subsidy in 2020
The federal government is expected to spend N750.81bn on petrol subsidy in 2020, latest data from the Petroleum Products Pricing...
Read moreDetailsSenate probes CBN over N20tn unremitted stamp duty
The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20tn into the Federation Account by...
Read moreDetailsSurprise crude oil build threatens oil rally
The American Petroleum Institute (API) has estimated a crude oil inventory build of 1.41 million barrels for the week ending...
Read moreDetailsCBN: Electronic payments hit N424tn in nine months
The Central Bank of Nigeria (CBN)’s cashless policy has received a boost as the total value of transactions through various...
Read moreDetailsNigeria, Ghana top list of markets to watch for key LNG project developments
By Samson Echenim West Africa's largest country, Nigeria and Ghana will top Africa's market for new key liquified natural...
Read moreDetailsCBN to raise LDR to 70% by 2020
The Central Bank of Nigeria will increase banks’ loan to deposit ratio to 70 per cent by 2020. Hassan Bello,...
Read moreDetailsStocks pare loses on skepticism around reports of US tariff delay
Stocks drifted Tuesday as investors were skeptical of news that the US could postpone the implementation of additional levies on Chinese...
Read moreDetailsRussian oil major returns to Libya after 5 year break
The National Oil Corporation of Libya has announced that Russia’s Tatneft has returned to its exploration project in the North...
Read moreDetailsAMCON takes over oil firm over N29b debt
The Asset Management Corporation of Nigeria (AMCON) on Monday took over Cedar Oil & Gas Exploration and Production Limited over...
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