The Nigerian National Petroleum Company Limited, NNPCL, on Tuesday said it uncovered no fewer than 83 illegal refineries in the Niger Delta in the last seven days. In a statement…
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Category: Business
Shell to sell Nigerian onshore oil business
Our reporter/ Shell said it has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance. Renaissance is a consortium…
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Nigeria’s inflation rate hits 28.9%
The country’s inflation rate is now at 28.9 %, according to figures from the National Bureau of Statistics (NBS). This was disclosed in the NBS December 2023 Consumer Price Index…
Read More Nigeria’s inflation rate hits 28.9%
NOVA Merchant Bank announces major increase in staff salaries, commences 2024 graduate trainee program
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. The increase in salary by up to 50%…
Read More NOVA Merchant Bank announces major increase in staff salaries, commences 2024 graduate trainee program
Afreximbank, UBA announce an initial disbursement of US$2.25bn under a syndicated US$3.3bn crude oil prepayment facility sponsored by NNPCL
Landmark financing is largest syndicated loan ever raised by Nigeria in the international market and one of the largest syndicated transactions in Africa in recent years. Facility will support Nigeria’s…
Read More Afreximbank, UBA announce an initial disbursement of US$2.25bn under a syndicated US$3.3bn crude oil prepayment facility sponsored by NNPCL