The African Export-Import Bank (Afreximbank) has confirmed an initial disbursement of $2.25 billion out of the $3.3 billion crude oil prepayment facility recently approved for Nigeria.

The long-awaited credit support seeks to ameliorate the acute FX shortage in the country which has constrained economic activities and doused investors’ confidence.Also earlier in December, President Bola Tinubu had assured Nigerians of the commitment of his administration to resolve the FX backlogs through the injection of funds into the market A statement by Afreximbank…

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OPM LAUDS GOV. UGWUANYI’S CALL TO RMAFC FOR ENUGU STATE TO BE DESIGNATED AS OIL BEARING STATE IN NIGERIA

The leadership of ODENGENE PEOPLES MOVEMENT (OPM), congratulates the people’s Governor and his wonderful team players for the dawning of a new era in the viral economic fortune quest of Enugu State. Having been officially discovered to be blessed with large deposits of crude oil in the State’s borders with Anambra and Kogi States joint…

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NEW NNPC WILL GUARANTEE NATIONAL ENERGY SECURITY, PRESIDENT BUHARI DECLARES AT UNVEILING OF AFRICA’S LARGEST NATIONAL OIL COMPANY

STATE HOUSE PRESS RELEASE. President Muhammadu Buhari Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed. Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company…

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    A NEW ENUGU STATE IS POSSIBLE WITH RT. HON. UGWUANYI AS GOVERNOR 2019-2023 -By Humphrey Onyima

    Having meticulously x-rayed Rt. Hon. Ifeanyi Ugwuanyi’s exemplary leadership qualities, administrative credentials, peaceful disposition and maturity in handling security matters, excellent management of public funds, economic empowerment and approach to poverty alleviation through improved administrative engagements, capacity maximisation, human capital development, youth empowerment, students’ welfare, grass-roots development initiative – with direct bearing on the less…

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