Daily Record

Nigeria’s oil production drops again, now 1.23mbpd – OPEC

Crude oil production Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of Petroleum Exporting Countries stated on Thursday. OPEC disclosed this in its latest Monthly Oil Market Report for …

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BREAKING: Lagos court grants Emefiele N50m bail

Former CBN Godwin Emefiele at Federal High Court in Abuja… on Thursday (CREDIT: Olukayode Jaiyeola) The embattled former Central Bank Governor, Godwin Emefiele, has been granted bail in the sum of N50m after being charged with a 26-count bordering on alleged abuse of office and irregular allocation of $4.5 billion and …

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PDP gives Wike’s ally, Rep Chinda important assignment

  Kingsley Chinda   Kingsley Chinda, a member of the House of Representatives representing Obio/Akpor Constituency of Rivers State has been appointed as the Chairman, of Peoples Democratic Party, PDP, Local Government Congress Electoral Committee for Ondo, ahead of Saturday’s governorship primaries. Chinda who is also the minority leader of …

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FirstBank: 130 Years of Enabling Success

  In a country with short-lived corporate excellence and a handful of centenary companies, hitting 130 years is undoubtedly a significant milestone for Nigeria’s premier financial institution, FirstBank. GEOFF IYATSE writes.     Experience, they say, comes with age. Nothing else aptly defines the consistent growth of First Bank of …

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Moruf Oseni’s WEMA Bank Faces Legal Woes, Pays N61.350 Million in Penalties Amidst Regulatory Scrutiny

It was reported that a recent investigative report obtained by online newspapers has shed light on WEMA Bank’s legal entanglements in 2023, with the financial institution facing penalties totaling N61.350 million for contravening seven Nigerian laws within a single year.   The revelations surfaced from WEMA Bank’s comprehensive financial statement for …

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