Oil sector reforms attract $24bn new capital – NNPCL
NNPC Limited has said recent reforms in the oil and gas sector have attracted over $24 billion in new investments, with an…
Business
Reforms attract over $10bn investment in upstream oil sector – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission says recent reforms have attracted more than $10 billion in upstream oil and gas investment. Chief…
FG begins assessment of $200bn integrated infrastructure proposal
The Federal Government has set up a technical committee to assess a proposed $200 billion integrated gas, power, and high-speed rail project…
CBN warns banks against excessive risk-taking after recapitalisation
The Central Bank of Nigeria has cautioned that stronger capital buffers must not encourage excessive risk-taking, advising bank boards to reassess their…
Cyberattack cover-ups must end, NITDA warns organisations
The National Information Technology Development Agency has called on organisations to desist from concealing cyberattacks, following a recent breach that affected a…
Chile dismantles syndicate shipping copper to China
Chilean authorities have dismantled a criminal network involved in large-scale copper theft through a coordinated multi-agency effort called “Operation High Voltage.” Between…
Livingtrust Mortgage Bank denies allegations of proxy share money laundering
Livingtrust Mortgage Bank Plc has refuted online reports alleging its involvement in proxy share acquisitions connected to money laundering. The bank issued…
CBN to recapitalise, restructure DFIs to support MSMEs
The Central Bank of Nigeria has announced plans to recapitalise and restructure development finance institutions to help bridge the growing financing gap…
CBN plans FX manual to boost market transparency
The Deputy Governor of the Central Bank of Nigeria, Muhammad Abdullahi, announced that the regulator will soon roll out a new foreign…
Treasury bills market holds bullish momentum amid surge in liquidity
The Nigerian Treasury Bills secondary market last week sustained a strong bullish trend, driven by an unprecedented surge in system liquidity that…
Oil falls below $100 after Trump, Iran agree to two‑week ceasefire
Oil prices dipped under $100 a barrel on Wednesday after U.S. President Donald Trump said he had struck a two‑week ceasefire agreement…
Wireless festival cancelled after Kanye West barred from UK
This year’s Wireless Festival has been called off after headliner Kanye West was barred from entering the United Kingdom. Authorities denied West…