Oando Plc announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled the delivery of a 60-megawatt (MW) Independent Power Plant (IPP) in Yenagoa, Bayelsa State.

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The International Monetary Fund (IMF) has endorsed Nigeria’s ongoing bank recapitalisation drive. It said that stronger capital buffers are cushioning the financial system against external shocks and strengthening resilience amid intensifying global uncertainties.

The International Monetary Fund (IMF) expects global economic growth to be slightly weaker than previously forecast, warning that rising geopolitical tensions and energy disruptions are weighing on activity.

The Nigerian local currency, the naira, gained against the US dollar at the official foreign exchange market amid a surge in FX liquidity.