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.

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.

By Elizabeth Adegbesan The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks (DMBs), Payment Service Banks, Microfinance Banks, fintechs and […]

Emma Ujah, Abuja Bureau Chief Nigeria and other African countries must urgently address the $88 billion in annual Illicit Financial Flows (IFFs), the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, has said. Speaking at the opening of the 5th Sub-Committee on Tax and IFFs of the African Union’s Specialized Technical Committee […]

By Udeme Akpan, Energy Editor Nigeria’s oil exploration declined by 45 per cent month-on-month (MoM) in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the nation’s rig count  a key indicator of upstream oil and gas activity  fell to 22 in February 2026, down from 40 recorded […]