Nigeria exceeded its OPEC crude oil production quota of 1.5 million barrels per day (bpd) in June, marking the second time it has surpassed the allocation in 2025. OPEC’s Monthly Oil Market Report (MOMR) for July, 2025, obtained by the News Agency of Agency of Nigeria (NAN)[Read More…]
Union Bank of Nigeria stands at the forefront of the nation’s financial sector, leading the charge in promoting gender inclusivity and empowering women. With a rich legacy of innovation and dedication, the Bank is actively creating a more equitable and supportive environment for women, both within its[Read More…]
The Nigerian stock market continued on a bullish note on Thursday, marking a four-day positive trend in the week, as investors recorded N1.806 trillion gain. The positive performance was due to increased investor confidence in Nigeria’s equities market amid improved liquidity conditions and ongoing reforms. Market[Read More…]
Central Bank of Nigeria (CBN) sold through Open Market Operations (OMO) bills worth N3.32 trillion to local banks, other investors, and foreign portfolio investors in June this year. OMO is a monetary instrument through which the CBN manages excess liquidity in the system, thus attracting foreign currency into the[Read More…]
Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, in the 2025 Top 1000 World Banks’ Rankings, published by The Banker, Financial Times Group, United Kingdom. This ranking places Zenith Bank Plc as the 581st Bank[Read More…]
The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a 100 per cent availability on Major Crude Oil Pipelines in the country in June 2025, the Group Chief Executive Officer of NNPC Ltd., Mr Bashir Ojulari, said on Tuesday. Delivering a keynote address at the 24th NOG Energy[Read More…]
The Nigerian National Petroleum Company Limited (NNPCL) has uncovered an emerging coordinated sabotage campaign being waged by a syndicate of known and faceless actors within and outside the organisation. A statement issued on Friday by the management of NNPC Ltd., said that the group was actively spreading lies[Read More…]
Leading financial institution, Fidelity Bank Plc has reaffirmed its commitment to corporate social responsibility with the donation of food and essential items to the Old People’s Home in Yaba, Lagos. The donation was made possible through the generosity of the bank’s Nexus Inductees Class, under its Corporate[Read More…]
Nigerian workers under the Contributory Pension Scheme (CPS) have contributed a total of N23.33 trillion as of the end of the first quarter of 2025. According to Mr Saleem Abdulrahman, Director of Surveillance, National Pension Commission, PenCom, the figure represents an increase of N820 billion when compared with[Read More…]
The Federation Account Allocation Committee (FAAC), has shared N1.659 trillion, being May 2025 revenue among the Federal Government, States and the Local Government Councils (LGCs). The revenue was shared at the June meeting of FAAC in Abuja on Wednesday. This is according to a communiqué issued at the[Read More…]
