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Oando secures $650m Afreximbank’s loan for acquisition of Italian firm

OANDO Plc, an indigenous energy solutions provider, has secured a $650 million lending facility from the African Export-Import Bank...
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FG paid N3.57trn on subsidy in 2023, amid Tinubu’s no subsidy claim

THE Federal Government of Nigeria paid approximately N3.57 trillion in subsidy on petroleum products in 2023, despite the initial...
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NNPCL states position on OVH Energy’s acquisition allegation

THE Nigerian National Petroleum Company (NNPCL) has reacted to allegations over the acquisition of OVH Energy, following the criticism...
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IPMAN blames NNPCL for pump price hike, lingering scarcity

THE Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed the lingering petrol scarcity across the country on the...
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NNPCL’s forward sales hit N3.89trn amid local refineries’ crude lack

THE Nigerian National Petroleum Company Limited's (NNPCL) contract liabilities for crude oil supply to foreign creditors currently rose to...
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Fidelity Bank fined over N550m for customers’ data violation

THE National Data Protection Commission (NDPC) said it had levied a fine of N555.8 million against Fidelity Bank Plc...
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