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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared Nigeria’s total oil and condensate reserves at 37.01 billion barrels and gas reserves at 215.19 trillion cubic feet (TCF) as of January 1, 2026. The commission’s chief executive Oritsemeyiwa Eyesan ...

By Elizabeth Johnny The Akwa Ibom State Government in collaboration with the Bank of Industry (BOI), has outlined documentation requirements and procedures for accessing the N4 billion AKSG/BOI Matching Fund designed to support small and medium-scale enterprises (MSMEs) in the ...

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria. UBA’s group managing director/chief executive officer, Oliver Alawuba, stated this on Monday, while hosting key representatives ...

Transcorp Hotels Plc has signed a leasing agreement with SORA Restaurant, adding the upscale dining lounge to its Transcorp Hilton Abuja cuisine offerings. The deal brings SORA’s dining concept to Abuja’s hospitality market. According to Transcorp Hotels, SORA Restaurant, known ...

… acknowledges the ongoing power outages in some parts of the state By our Reporter The Akwa Ibom State Government has dismissed as false and malicious a publication alleging that the state-owned Ibom Power Company is being sold as scrap, ...

The Central Bank of Nigeria (CBN) has waived the affidavit requirement for reactivating dormant bank accounts, easing access to long-stagnant funds for millions of Nigerians. This move aims to unlock billions of naira trapped in inactive accounts, boost financial inclusion, ...

Central Securities Clearing System (CSCS) Plc, has said that the Nigerian capital market is set to transition to a T+1 settlement cycle on May 29, 2026, aiming to enhance post-trade efficiency and reduce settlement risk. CSCS in a statement said ...

Nigerian manufacturers are facing renewed pressure from soaring energy costs and worsening electricity supply, further raising the cost of production and threatening industrial output due to the escalating geopolitical tensions in the Middle East involving the United States, Israel and ...

…Urges Full Compliance for Accountability Governor Umo Eno has said the implementation of the Treasury Single Account (TSA) in the State will boost revenue growth and serve as a strategic tool to drive holistic development, enhance transparency, and strengthen accountability ...

The Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS) by N25 per litre, lowering its ex-depot/gantry rate from N799 to N774 per litre. The refinery communicated the price adjustment to marketers on Tuesday, confirming that ...