CBN Raises Monetary Policy Rate to 27.50% to Curb Inflation
By Okafor Joseph Afam, November 26, 2024 The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50%, up from 27.25%, in its ongoing efforts to
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Access Bank PLC Refutes Allegations of Missing Funds and Unethical Practices
Access Bank PLC has become aware of a social media video alleging missing funds and unethical behavior within the bank. We wish to assure the public that the safety and
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UK Embassy Announces New Management for Visa Application Centres in Nigeria
By Okafor Joseph Afam | November 21, 2024 The United Kingdom Embassy in Nigeria has announced significant changes in the management of its visa application centres, with a new supplier
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Kerosene Price Surpasses N2000 Per Litre, Putting Strain on Nigerian Households
By Okafor Joseph Afam, November 20, 2024 The price of kerosene in Nigeria has continued its upward trajectory, creating a growing burden for households across the country. A recent report
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“NNPC Faces Backlash for Continued Fuel Imports Despite Dangote Refinery Surplus, Citing $200 Million Monthly Revenue Stream”
The Nigerian National Petroleum Company Limited (NNPCL) is still actively importing premium motor spirit (PMS) and automotive gas oil (AGO), known as petrol and diesel, despite significant output from the
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Trump Victory Pushes Gold to 2-Month Lows as Investors Shift to Stocks, Cryptocurrencies
By Okafor Joseph Afam | November 14, 2024 Gold prices have extended their decline to a near two-month low as risk-on sentiment dominates the market and the dollar strengthens in
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OPEC Challenges Nigeria’s Oil Output Claims, Reports 1.434 Million Barrels Per Day for October
By Okafor Joseph Afam | November 14, 2024 The Organization of Petroleum Exporting Countries (OPEC) has sparked debate by reporting Nigeria’s crude oil production at 1.434 million barrels per day
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NNPC Announces Major Leadership Reshuffle to Strengthen Nigeria’s Energy Sector
By Okafor Joseph Afam, November 14, 2024 In a major leadership reshuffle, the Nigerian National Petroleum Company Limited (NNPC) has announced a series of appointments aimed at boosting operational efficiency
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NNPC Signs Landmark 10-Year Deal to Supply 100mscf of Gas Daily to Dangote Refinery
By Okafor Joseph Afam | November 14, 2024 In a move set to bolster Nigeria’s gas industry and support industrial growth, the NNPC Gas Marketing Limited (NGML), a subsidiary of
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NNPCL Ends Fuel Importation, Shifts to Dangote Refinery for Domestic Supply
By Okafor Joseph Afam The Nigerian National Petroleum Company Limited (NNPCL) announced a major shift in its fuel supply strategy, confirming it has ceased the longstanding importation of refined petroleum
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