NCC orders reactivation of lines blocked over NIN-SIM verification
Over the weekend many telecom subscribers/consumers were unable to access their phone lines because of the inability of many telecom consumers to verify their National Identification Numbers (NINs) with their…
Libya’s NOC denies it is in talks to supply crude oil to Nigeria
July 29, 2024 Libya’s National Oil Corporation (NOC) on Sunday denied holding negotiations to supply crude oil to a refinery in Nigeria. A senior executive with Nigeria’s Dangote refinery told…
Why we’re probing Dangote refinery, NMDPRA, NUPRC, NNPC rift – Rep
The House of Representatives has said that it would probe the ongoing spat between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The investigation would…
Nigeria’s Dangote refinery is reselling crude- Sources say
July 26, 2024 Nigeria’s major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday. Three of the sources…
Non-oil revenue grew by 30% in first half of 2024 – FG
The Federal Government says Nigeria’s non-oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024. This is…
CBN sells $148 million to 29 authorised dealers
July 26, 2024 Nigeria’s central bank has sold $148 million in foreign exchange to 29 authorised dealer banks in the spot market to ease demand pressure, it said on Friday….
Repositioning the economy and what the numbers are saying
By Temitope Ajayi On Thursday in Abuja, Minister of Finance Mr Wale Edun addressed a press conference and gave a mid-year report on the economy. The Minister told the press…
Inflation in key African economies unlikely to slow to targets anytime soon: Reuters poll
July 25, 2024 Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse those increases,…
Eni gets approval to sell Nigerian unit NAOC to OANDO
July 24, 2024 Eni has received formal approval from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC to sell its unit Nigerian Agip Oil Company (NAOC) to the country’s leading energy…
Global coal demand to remain flat this year and next-IEA
July 24, 2024 Global coal demand is set to remain largely flat this year and next as higher electricity demand in some major economies offsets the rapid expansion of solar…