Business

CBN tightens BVN rules to combat fraud

CBN tightens BVN rules to combat fraud

  The Central Bank of Nigeria has introduced stricter rules for Bank Verification Number (BVN) enrolment and data access to…
Shell resumes production at Bonga FPSO after successful turnaround maintenance

Shell resumes production at Bonga FPSO after successful turnaround maintenance

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has successfully completed turnaround maintenance (TAM) on the Bonga Floating Production, Storage,…
No turning back on cashless policy, says aviation minister Keyamo

No turning back on cashless policy, says aviation minister Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, has reiterated that the Federal Airport Authority of Nigeria’s (FAAN) cashless payment…
Dangote Refinery hikes petrol prices amid global oil surge

Dangote Refinery hikes petrol prices amid global oil surge

In a move that has sent ripples through the nation’s petroleum market, Dangote Refinery has raised the ex-depot price of…
Tinubu constitutes task force to drive petroleum sector reforms

Tinubu constitutes task force to drive petroleum sector reforms

President Bola Tinubu has approved the formation of a high-level task force to coordinate the next phase of reforms in…
CBN moves against large loan defaulters

CBN moves against large loan defaulters

The Central Bank of Nigeria has directed commercial banks and other financial institutions across the country to limit certain banking…
Nigeria oil output declines, petrol prices fall

Nigeria oil output declines, petrol prices fall

Nigeria’s crude oil production slipped to 1.31 million barrels per day (bpd) in February, marking a notable decline from 1.45…
South Korea caps fuel prices over Iran war

South Korea caps fuel prices over Iran war

South Korea has introduced a temporary cap on fuel prices to cushion the impact of rising global oil costs triggered…
Oil prices cross $100 amid Iran war tensions

Oil prices cross $100 amid Iran war tensions

Global oil prices surged above $100 per barrel on Thursday as escalating attacks linked to Iran intensified fears of a…
NNPC inspects Ogun oil well ahead of commercial drilling

NNPC inspects Ogun oil well ahead of commercial drilling

A technical team from the Nigerian National Petroleum Company Limited (NNPC) has visited the Eba oil well in Ogun Waterside…
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