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NNPC, partners sign Nigerian content plan agreement

Nigeria, March 23 -- The Nigerian National Petroleum Corporation (NNPC) and its joint venture partners on Friday signed the Nigerian Content Plan agreement to move the country closer to the final inve... Read More


Acquisition: Court approves Access Bank's share allotment to Diamond Bank's shareholders

Nigeria, March 20 -- As part of the ruling on the joint petition by Access and Diamond banks towards their planned merger, the Federal High Court in Lagos approved the transfer of all assets, liabilit... Read More


Bad Loans: AMCON chief seeks return of failed banks Act

Nigeria, March 20 -- The resurgent menace of the toxic loans in the banking sector could be checked if the Nigerian government revisits the return of the Failed Bank Act, Managing Director/Chief Execu... Read More


Budget: How NNPC will meet 2.3m barrels daily crude oil target

Nigeria, March 20 -- The Nigerian National Petroleum Corporation (NNPC) said on Wednesday it would achieve the 2.3 million barrels per day production target in the 2019 budget by sustaining the improv... Read More


Why Nigerian govt adjusted 2019 MTEF/FSP- Minister

Nigeria, March 20 -- The federal government made slight adjustments on the 2019 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP) approved by the Executive Council of the Federation to... Read More


No plan to sell Lagos International Trade Fair Complex - BPE

Nigeria, March 19 -- The federal government says it has no plans to sell the Lagos International Trade Fair Complex (LITFC). The Bureau of Public Enterprises (BPE), the government agency responsible ... Read More


AMCON threatens to disengage partners unable to recover over N740bn assets

Nigeria, March 16 -- The Asset Management Corporation of Nigeria (AMCON) says over Asset Management Partners (AMPs), who are not able to recover debts from 6,000 accounts valued at over N740 billion m... Read More


Nigeria has 41 billion barrels of untapped crude - NNPC GMD

Nigeria, March 15 -- After more than six decades of production, Nigeria still has over 41 billion barrels of crude oil reserves untapped, the Group Managing Director of the Nigerian National Petroleum... Read More


Chevron, NNPC seal gas supply deal for Dangote fertiliser plant

Nigeria, March 14 -- Chevron Nigeria Limited (CNL), operator of the CNL and the Nigerian National Petroleum Corporation (NNPC) joint venture, on Wednesday, signed a Gas Sale and Aggregation Agreement ... Read More


EITI Validation: How Nigeria attained 'satisfactory progress' status

Nigeria, March 8 -- Nigeria has been credited with exceptional performance in two of the 33 criteria set for the 52 extractive industries transparency initiative (EITI) implementing countries for the ... Read More