US–Iran tensions: Crude oil rebounds above $100 per barrel
Crude oil prices had dropped to $90 per barrel from $100 last week, as market watchers anticipated that the talks would culminate in an agreement in Islamabad, Pakistan’s capital.
Oil reserves dip 0.74% to 37.01bn barrels as gas grows 2.21% — NUPRC
•Oil to last another 59 years By Obas Esiedesa, Abuja Nigeria’s oil and condensate reserves recorded a marginal decline of 0.74 percent to 37.01 billion barrels as of January 1, 2026, while gas reserves rose by 2.21 percent, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In its official declaration of the national petroleum reserves position, […]
Pension industry proposes investment consortium to tackle infrastructure deficit
By Rosemary Iwunze The pension industry has commenced moves to establish an investment consortium aimed at bridging the huge infrastructural gap in the country. Director General of the National Pension Commission, PenCom, Ms. Omolola Oloworaran, disclosed this yesterday at a press briefing in Lagos after the first Pension Industry Leadership Council (PILC) meeting. Oloworaran disclosed that PILC […]
CBN concludes recapitalisation, as 33 banks raise N4.65trn
•Says banks positioned to expand lending, support economic growth By Babajide Komolafe, Economy Editor The Central Bank of Nigeria, CBN, yesterday said it has concluded the banking sector recapitalisation programme, with 33 deposit money banks raising a total of N4.65 trillion in fresh capital to strengthen balance sheets and bolster the resilience of the financial system. The […]
World Bank backs Nigeria’s reform progress
THE World Bank has thrown its weight behind what it described as progress in Nigeria’s reforms, just as it has reaffirmed its strong support for the country’s reform agenda, highlighting the country’s steady progress towards economic recovery.
Falade assumes role as NLNG’s MD/CEO
The statement indicates that before his appointment as Managing Director and Chief Executive Officer of NLNG, Falade served as Managing Director of Brunei LNG Sendirian Berhad, a position he assumed in April 2024.
