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NNPC Ltd Faces Financial Strain Due to PMS Supply Costs, Impacting Supply Sustainability
PRESS RELEASE Sept. 1, 2024 – NNPC Ltd Faces Financial Strain Due to PMS Supply Costs, Impacting Supply Sustainability NNPC Ltd. has acknowledged recent reports in national newspapers regarding the… Read more
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FG Collaborates With UNODC to Reform Correctional Service
May 16 – PRESS RELEASE The Minister of Interior, Dr. Olubunmi Tunji-Ojo has reiterated the need to partner with the United Nations Office on Drugs and Crime (UNODC) in upgrading… Read more
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CBN Prohibits Use of Foreign-Currency Denominated Collaterals for Naira Loans
LETTER TO ALL BANKS Abuja, April 8 – THE USE OF FOREIGN-CURRENCY-DENOMINATED COLLATERALS FOR NAIRA LOANS The Central Bank of Nigeria has observed the prevailing situation where bank customers use… Read more
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NERC Fines AEDC ₦200 Million for Violation of the New Tariff Order, Directs Customer Refunds
Press Release Abuja, April 5 – The Nigerian Electricity Regulatory Commission (“Commission”) has taken enforcement action against the Abuja Electricity Distribution Plc (“AEDC”) for non-compliance with the Supplementary Order to… Read more
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CBN: Monetary Policy Adjusted 200 Basis Points to 24.75%
Press Release Abuja, March 26 – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 294th meeting on the 25th and 26th of March 2024… Read more
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FAAC Meeting: FG, States and LGCs Share 1.152 Trillion Naira for February 2024
Press Release Abuja, March 22 – The Federation Account Allocation Committee (FAAC), at its February 2024 meeting chaired by the Honourable Minister of Finance and Co-ordinating Minister of the Economy,… Read more
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Transparency, Research, Innovation, Driving NNPC Ltd. Transformation —EVP Gas, Power & New Energy
Press Release Abuja, March 21 – The Executive Vice President, Gas, Power and New Energy, Nigerian National Petroleum Company Ltd., Mr. Olalekan Ogunleye, has identified transparency, accountability, research, technology and… Read more
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Situation Report on the Attack and Killing of Military Personnel on Peace Mission by Okuoma Community
Press Release Abuja, March 16 – The troops of 181 Amphibious Batallion, Bomadi Local Government Area of Delta State While on peace mission to OKUOMA community in BOMADI LGA of… Read more
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Nigeria Opens Land and Air Borders With Republic of Niger, Lifts Other Sanctions
STATE HOUSE PRESS RELEASE Abuja, March 13 – President Bola Tinubu has directed the opening of Nigeria’s land and air borders with the Republic of Niger and the lifting of… Read more
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Nigerian Army Troops Burst IPOB/ESN Major Firearms/Drones Factory in Delta, Arrest 6 Suspects
Press Release Abuja, March 12 – Troops of the Nigerian Army have made a significant inroad in the ongoing fight against terrorism and insurgency, as they uncovered and neutralized a… Read more
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