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 […]
Total, NNPC ready to take FID on Ikike oil field project
The dearth of new investments in Nigeria’s upstream oil sub-sector may soon be a thing of the past as Total Exploration and Production Company in Nigeria and the Nigerian National Petroleum Corporation, NNPC are set to take the final investment decision, FID, on the Ikike oil field.
ELECTRICITY: 159 power equipment containers still stranded at seaports – TCN
The Transmission Company of Nigeria (TCN) has said that about 159 power equipment containers of various power equipment abandoned by contractors are still stranded at various seaports across the country.
Nigerian LNG cargo to arrive Portugal tomorrow
A cargo of liquefied natural gas loaded at the Nigerian Liquefied Natural Gas, NLNG, facility on Bonny Island is currently on its way to Portugal.
Eni sees East Med as key to diversifying Europe’s gas imports
Gas projects in east Mediterranean countries such as Egypt, Cyprus and Israel will be key to help Europe diversify its gas imports as output in the North Sea is dropping and Russian supplies are rising.
Fuel subsidy payment rises to N17bn in one month
Fuel subsidy payment incurred by the Nigerian National Petroleum Corporation, NNPC, rose by N9.94 billion to N16.785 billion. This was to ensure that the price of Premium Motor Spirit, also known as petrol, did not rise above the official rate of N145 per litre.
