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NDIC commences process to conclude the liquidation of 89 MFBs, PMB

NDIC commences process to conclude the liquidation of 89 MFBs, PMB

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has commenced moves to formally conclude the liquidation of 89 defunct Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, whose operations were successfully transferred to new owners under its Purchase and Assumption, P&A, framework. In a statement signed by its Head of Communication and Public Affairs, Hawwau […]

Nigeria’s daily oil production rises 4.2% to 1.54mbpd — NUPRC

Nigeria’s daily oil production rises 4.2% to 1.54mbpd — NUPRC

By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day (mbpd) in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by […]