Nigerians have been instructed by the Central Bank of Nigeria (CBN) to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank accounts in order not to get frozen. The NIN consists of 11 non-intelligible numbers randomly chosen and assigned to an
BUSINESS
The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The company’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, made the call
The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together to achieve the nation’s aspirations to attract investments and grow production. The two organizations came to this accord when the Secretary General of OPEC, Haitham al-Ghais, paid a courtesy visit to the […]
The Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, on Tuesday said that over $26 billion in illicit flows had passed through the crypto platform Binance in the last year. Cardoso said this on Tuesday after the MPC meeting in Abuja. “We are concerned that certain practices go on that indicate illicit flows, going […]
The House of Representatives Committee on Public Accounts PAC has summoned the Central Bank Governor to unfailingly appear before it on Tuesday March 5 over issues with leakages with the REMITA platform. The Chairman of the Committee, Hon Bamidele Salam, made the summon via in a letter to the CBN Governor titledRE: INVESTIGATION OF REVENUE […]
Oil marketers, on Monday, declared that they were still awaiting the supply of refined petroleum products from the $20bn Dangote Petroleum Refinery, four weeks after the launch of production at the multi-billion dollar plant. On January 12, 2024, Dangote refinery announced that it had commenced the production of Automotive Gas Oil, popularly called diesel, and […]











