Africa Energy Bank to create funding availability for indigenous coys – Ogbe
The Nigerian Content Development and Monitoring Board (NCDMB) says the Africa Energy Bank (AEB) will create more funding availability for indigenous companies. Engr Felix Ogbe, Executive Secretary, NCDMB said this on Wednesday in Yenagoa at the ongoing fifth edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF 2025). The fair has its theme as […]
CBN drives FX inflows through non-oil export strategy
…as crude oil price dips By Emeka Anaeto, Business Editor The Central Bank of Nigeria, CBN, has ramped up Measures to attract more foreign exchange, FX, amidst threats to oil revenue arising from the recent decline in crude oil price in the international market. The apex bank’s Governor, Yemi Cardoso, is currently placing huge support to non-oil […]
Smart-City: Lagos investments partnership network hits over $13trn in 6yrs
By Olasunkanmi Akoni Lagos State Government said it has attracted over $13 trillion worth partnership deals through strategic global alliances for various sustainable infrastructural investments across strata of the economy in the state within six years. The state government said it also secured over $4 million in Business Enabling Reforms, SABER, disbursements during the initial assessment […]
Lead ESG compliant financial disclosures’, Keystone Bank boss charges Accountants
•As ICAN inducts 1,851 chartered accountants By Providence Ayanfeoluwa Accountants must lead the development of Environmental, Social and Governance, ESG compliant financial disclosures and climate risk reporting. ESG-driven investments reached $41 trillion globally in 2023, Nigeria must catch up with this trend. As of now, only 18 percent of publicly listed Nigerian companies issue sustainability reports […]
Nigeria’s oil output falls to 1.486m bpd – OPEC
•As oil price hovers at $66 per barrel •Decline heightens threat to FG’s N55trn budget By Udeme Akpan, Energy Editor Nigeria’s crude oil output, including condensate, dropped month-on-month, MoM, to 1.486 million barrels per day, bpd, in April 2025, from 1.401 million bpd in March 2025. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in […]
Naira depreciates to N1,635/$ in parallel market
By Elizabeth Adegbesan The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date. However, the Naira appreciated to N1,596 per dollar in the Nigerian […]
