NNPC gets $3bn oil loan to stabilise naira By Eyo Nsima The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan, targeted at enhancing the stabilisation of the naira. The company secured the funding from AfriExim Bank headquarters in Cairo, Egypt and will repay the loan with crude oil […]
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UPSTREAM: Seplat records incident on Majestic rig near Ovhor in Nigeria By Eyo Nsima Seplat Energy has recorded a serious incident on the Depthwise swamp drilling rig “Majestic” in the early hours of this morning. The company that confirmed the incident in a statement obtained by The Daily, www.thedaily-ng.com, stated: “Seplat as the operator of the
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Manchester United v Wolverhampton Wanderers | Match Highlights | Premier League | Matchday 1 Highlights from the Premier League match between Manchester United and Wolverhampton Wanderers at Old Trafford in Manchester
NCC Showcases Indigenous Telecom Achievements at NTICE 2023 Expo The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos from August 22-24, 2023, at Landmark
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ECONOMY: CBN plans new measures to stabilise naira By Eyo Nsima The Central Bank of Nigeria, CBN, has adopted new measures, targeted at stabilising the naira against the US dollar. The Acting governor of the CBN, Folasodun Sonubi, who disclosed this after a meeting with President Bola Tinubu in Abuja, said: “Mr. president is very
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Residents of Ibeju Lekki Applaud Dangote Refinery CSR activities The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery, on its social responsibility initiatives. They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the
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NCDMB Partners ACAN on Zero-tolerance for Corruption in Workplace The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a three-day sensitisation workshop on “Achieving Zero-tolerance for Corruption in the Workplace,” with staff educated on the types and potential consequences of corruption as well as appropriate safeguards.
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NIGER: Intervention team briefs ECOWAS President on meeting with juntas By Our Correspondent Nigeria’s Intervention Team comprising prominent Islamic scholars has briefed President Bola Tinubu, the Chairman of Authority of ECOWAS Heads of State and Government, on the outcome of its meeting with coup leaders in Niger. The team led by Sheik Bala Lau met
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OIL MARKET: OPEC puts world economic growth at 2.7% and 2.6% in 2023, 2024 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has put the world economic growth in 2023 and 2024 at 2.7 per cent and 2.6 per cent. In its August 2023 Monthly Oil Market Report, MOMR, obtained by The Daily, www.thedaily-ng.com, OPEC, stated:
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SERAP sues Akpabio, Abass over ‘plan to spend N110bn on bulletproof cars, others’ Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Senate President, Mr Godswill Akpabio and Speaker of House of Representatives, Mr Tajudeen Abbas over “the unlawful plan to spend N40bn on 465 exotic and bulletproof cars for members and principal officials,
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