Banks’ borrowing drops 89% to N126bn
Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system. The CBN has two short term lending windows for banks: the Standing Lending Facility (SLF) and Repo […]
$8bn investment in NIPP cannot generate 60,000MW – NUEE
The National Union of Electricity Employee, NUEE, has described the $8 billion invested in the National Independent Power Project, NIPP as inadequate for the power sector to generate 60,000 megawatt.
NNPC encourages indigenous participation in upstream
The Nigerian National Petroleum Corporation, NNPC, is intensifying efforts to encourage indigenous participation in the upstream sector of the Nigerian Oil and Gas Industry.
PETAN mobilises 2,000 delegates for OTC
AS Nigerian oil and gas industry gears up for this year’s edition of the annual Offshore Technology Conference (OTC) scheduled to take place in Houston , Texas, the umbrella body of indigenous petroleum and oil service companies, Petroleum Technology Association of Nigeria (PETAN) has announced that over 2000 delegates have been mobilised by the Association to attend the conference which commences by the end of April.
FG hinges solid minerals development on transparency
Federal Government has said that collaboration between relevant stakeholders in a transparent manner would facilitate exploration, exploitation, value addition and sustainable development of the minerals and metal sector of the country.
Agric transformation: FG targets N1.25bn fish feed per annum
Minister of State for Agriculture and Rural Development, Mr Bukar Tijani, has said that the Agricultural Transformation Agenda of the ministry would produce N1.25 billion worth of fish feed per annum.
