Remittances, Operational Expenses Cut NNPC Profit Margin To Below 10%
By Charles Ebi
Nigerian National Petroleum Company, NNPC, Limited remitted N3.714tn to the Federal Government as statutory payments in the first four months of 2026,...
CBN Revokes Licences of 46 Microfinance Banks
The Central Bank of Nigeria has revoked the operating licences of 46 Microfinance Banks (MFBs) for failing to meet regulatory requirements for continued operation.
The development was...
World Bank Approves Fresh $1.25bn Loan For Nigeria To Drive Jobs, Investment Reforms
The World Bank has approved a new $1.25 billion loan for Nigeria under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, despite...
FG Orders NMDPRA To Check Excessive Fuel Pricing Under Deregulated Market
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure petroleum marketers do not exploit Nigerians through excessive...
Oil Prices Fall to $72 Per Barrel as US-Iran Tensions Ease
Global oil prices fell to around $72 per barrel on Thursday, their lowest level since the outbreak of the US-Iran conflict in February, as...