May 2023

Shell unveils $56.13m for host communities in Nigeria

The Shell Petroleum Development Company, operator of the SPDC joint venture, during the week unveiled eight Host Community Development Trusts  in Bayelsa State. This, it said, is a critical step for unlocking the $56million earmarked for development in line with…

Domestic LPG expands with composite cylinders

An indigenous gas marketer, Second Coming Nig. Ltd., has introduced 20kg composite Liquified Petroleum Gas (LPG) cylinders into the domestic market to deep clean gas utilisation in every household. The firm’s Chief Executive Officer, Dr Basil Ogbuanu, at the launch…

BREAKING: Again, CBN raises interest rate to 18.5%

The Central Bank of Nigeria (CBN), has again raised interest rate from 18 percent to 18.5 percent. Godwin Emefiele, governor of the apex bank, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja.…