Global oil prices have continued to soar above $100 (£75.11) a barrel as the escalating US-Israeli war with Iran fuels fears of prolonged disruption to shipments through the Strait of…
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Category: Economy
Dangote refinery suspends petrol loading, expectations of a price hike imminent
The Dangote Petroleum Refinery has halted petrol loading until further notice. Tanker drivers already queued at the facility have been instructed to leave the premises, with all operations currently paused.…
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Banking sector recapitalisation on course – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, stated that the banking sector recapitalisation programme is progressing in accordance with the approved regulatory timetable, with activity…
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Nigeria announces resolution of OPL 245 oil dispute, clearing path for deepwater development
President Bola Tinubu has announced the resolution of a protracted dispute over Oil Prospecting Licence (OPL) 245, marking the end of a saga that has lingered for over 15 years…
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FEC approves new gratuity package for federal civil service employees
The Federal Executive Council (FEC) has approved a new exit benefit scheme that introduces a gratuity payment for retiring officers. The approval, granted during FEC meeting in Abuja, follows recommendations…
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