By Udeme Akpan & Obas Esiedesa, Abuja Nigeria’s daily oil production declined by four per cent in July 2026, to 1.67 million barrels per day (mbpd) from 1.74mbpd recorded in June, according to the latest production data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). However, the figures showed that Nigeria sustained production above the 1.5mbpd OPEC […]

•Lifts suspension on Tenored Repo •Retains control over scale, timing of OMO By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday reversed its seven years restriction on participation of local investors in Open Market Operations, OMO, opening the market to individuals, corporates and non-bank financial institutions. The restriction was introduced in 2019, in a bid to […]

By Babajide Komolafe AG Mortgage Bank Plc has significantly bolstered its liquidity position after investors completely snapped up its N3.97 billion Series 2 and 3 Commercial Paper (CP) issuance. By achieving a 100 percent subscription rate, the bank has secured critical, cost-effective short-term funding that will enable it to scale its mortgage financing operations and accelerate […]

The Miami captain flew back to Florida from Argentina on Tuesday night after attending the funeral of his father, Jorge, on Sunday and came on at half-time to a massive ovation.

By Ediri Ejoh Nigeria’s daily consumption of Premium Motor Spirit (PMS), otherwise known as petrol, fell by 1.27 per cent to 47.4 million litres per day (ML/D) year-on-year (YoY) in June 2026, from 48 million litres per day recorded in the corresponding period of 2025. This represents a decline of about 600,000 litres per day over the […]