News

The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal...

According to a recently released document obtained by Entrepreneurng, the CBN is open to developing a regulatory framework for potential stablecoin implementations. The "Nigeria Payment System Vision 2025" document contains...

Coinbase, a cryptocurrency trading platform, has announced plans to lay off 950 employees due to poor market conditions. The layoffs are part of the company's cost-cutting measures, according to a...

A former General Manager, Shipping and Terminal Operations, Crude Oil Marketing Division of the Nigerian National Petroleum Corporation, Kon Bob-Manuel, has said that the inability of Nigerian vessels to comply...

Airtel Networks Limited has paid the Nigerian Communications Commission $316.7m for 100 MHz of spectrum in the 3500MHz band for the deployment of fifth-generation network and 2x5MHz of 2600MHz to...

Oil markets may face headwinds in 2023 as fresh Western sanctions and a price cap on Russian oil come into effect, leading to an output squeeze in global supplies and...

The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy, the...

After China, the second-largest economy in the world, reopened its borders for the first time since 2020, oil prices increased by more than 1% on Monday. For the first time...

The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since...

A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial challenges in 2023. It noted that the residual effect of...