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Thursday, May 15, 2025

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Business

OPEC Output Peaks Amid Outages

The oil output of the Organisation of Petroleum Exporting Countries (OPEC) has risen this month to  it highets as Gulf members pumped more after...

Nigeria Can Generate 3,000MW From Flared Gas – DPR Report

Additional 3,000 megawatts of electricity can be generated from the current gas being flared in the country, a document from the Department of Petroleum...

Stock Market Upbeat As Capitalisation Gains N76bn

The Nigerian Stock Exchange (NSE) closed on an upbeat note on Friday with key indicators appreciating by 0.58 per cent, while volume of transaction...

World Bank Approves 7 Projects To Support Nigeria’s Access To Electricity

The World Bank yesterday approved seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment,...

Why We Withdraw 36 Million Redundant Telephone Lines – NCC

The Nigerian Communications Commission (NCC) said yesterday that about 36 million redundant lines of subscribers have been withdrawn in the past few months so...

CBN Directs Banks’ Directors To Protect Data

Bank directors will henceforth be responsible for the protection and security of customers’ data against e-fradusters, the Central Bank of Nigeria (CBN) has directed. The...

NCC Stops MTN From Acquiring Visafone

The Nigerian Communications Commission (NCC) yesterday halted moves by South African mobile giant MTN to acquire the only surviving Code Division Multiple Access (CDMA)...

How OPEC Lifted Oil Sector – Kachikwu

Minister of State for Petroleum Resources Dr. Ibe Kachikwu said yesterday that the oil and gas sector had witnessed positive transformation since the “Declaration...

Nigeria – China $2.5b Currency Swap: What Deal Means For Banks, Economy

The much-awaited guidelines for the $2.5billion currency swap deal between the Central Bank of Nigeria (CBN) and The Peoples Bank of China (PBoC) have...

$48b Foreign Reserves, Forex Interventions Keep Naira Stable

The naira will remain stable at both the official and parallel markets, with the rise in foreign reserves to $48 billion and the consistent...

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