Nigeria Launches New Oil, Gas Licensing Round

Nigeria has launched a new oil and gas licensing round, inviting bids for as many as 12 onshore and offshore blocks and promising transparency in the bidding process. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced the start of the 2024 Licensing Round at the ongoing Offshore Technology Conference (OTC) in Houston, Texas. During the…

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BREAKING: Cybersecurity Levy Illegal–Northern Elders, Knock CBN, Kick Bank Multiple Charges

The Northern Elders Forum (NEF), has flayed the Central Bank of Nigeria CBN, for imposing the Cybersecurity Levy. The NEF, a socio-cultural organization representing the interests of the Northern region of Nigeria, said in a statement on Wednesday night, it “strongly condemned the Central Bank of Nigeria’s recent decision to impose a cybersecurity levy on…

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Nigeria’s Electronic Payment Transactions Surge to ₦600trn in 2023-NIBSS

According to the latest data released by the Nigeria Inter-Bank Settlement System Plc (NIBSS), electronic payment transactions in Nigeria witnessed a remarkable surge in 2023, reaching a staggering total of ₦600 trillion for the year. The monthly breakdown reveals a consistent upward trend throughout the year, with January starting at ₦38.77 trillion and December concluding…

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