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NOSDRA Begins Oil Recovery after Shell Pipeline Spill

The National Oil Spill Detection and Response Agency has reported an oil spill from Shell’s underwater pipeline in Obololi, Southern Ijaw Local Government area of Bayelsa State. This is as it commenced the recovery of the spilled crude on Friday. The agency in…
22/02/2025

Nigeria’s Inflation Rate Drops To 24.48 Per Cent

Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent headline inflation recorded in December 2024. This is according to the National Bureau of Statistics (NBS). The Statistician-General of…
18/02/2025

NNPCL Acquires 15% Equity in Starzs Gas CNG Station in Delta

The Nigerian National Petroleum Company Limited (NNPCL), through its subsidiary, NNPC Gas Marketing Limited (NGML), has agreed to take a 15 per cent equity shareholding in Starzs Gas Limited’s two million standard cubic feet per day (2mmscf/d) Compressed Natural Gas (CNG) mother…
17/02/2025

Accion MFB, CrediCorp Partner on Affordable Tricycle Financing

Accion Microfinance Bank and Nigeria Consumer Credit Corporation have partnered to provide affordable financing for tricycles and motorcycles for riders in Lagos. The vehicles were officially handed to the riders at an event held in Lagos on Thursday. Speaking at the ceremony, the Managing…
17/02/2025

FBN Holdings Plc Rebrands As First HoldCo Plc

FBN Holdings Plc has announced a change in its brand name to First HoldCo Plc (FirstHoldCo). The company in a statement by its Secretary, Adewale Arogundade, said the change will be implemented across all its subsidiaries. It said the rebranding marked a significant milestone…
16/02/2025

New Policy Mutually Beneficial To Banks And Customers – CBN

The Central Bank of Nigeria (CBN) says its recently announced policy imposing charges on cash withdrawal by customers from Automated Teller Machines (ATMs) of banks other than theirs, is mutually beneficial to both the banks and customers. CBN’s Acting Director, Financial Policy and…
16/02/2025

Algeria, Nigeria, Niger Sign Deals On Gas Pipeline To Europe

Officials from Algeria, Nigeria and Niger signed new contracts Tuesday aimed at accelerating the development of a vast natural gas pipeline toward Europe, the Algerian press agency APS reported. The Trans-Saharan Gas Pipeline (TSGP), announced in 2009, would transport billions of cubic metres…
12/02/2025

FG Assumes Full Control of Keystone Bank

Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth recapitalisation process. The bank disclosed this in a statement on its Instagram page on Tuesday…
12/02/2025


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