Net Zero in Oil & Gas: Industry Leaders Outline Practical Strategies at DECARBON 2026
Oil and gas industry leaders have emphasized that achieving net zero in oil and gas operations requires more than ambition…
Day: February 19, 2026
Nigerian Stock Market Loses N577bn as Investors Take Profits – NGX ASI Dips 0.47%
The Nigerian stock market yesterday experienced a significant pullback, halting its 11-day winning streak as investors engaged in profit-taking. Market…
Dawes Island Field Success Signals Growing Confidence in Nigerian Indigenous Oil Firms
Petralon Energy has received high praise from Shell Western Supply and Trading for successfully developing the Dawes Island Field, a…
CNG Stations Rollout Falls Short of 2025 Target Despite $2B Investment in Nigeria
Despite securing more than $2 billion in private sector investments over the past two years, Nigeria’s ambitious Compressed Natural Gas…
Elon Musk’s xAI Secures $3 Billion from Saudi Firm Humain, Strengthening AI and SpaceX Ties
Elon Musk’s artificial intelligence venture, xAI, has secured a staggering $3 billion investment from Saudi Arabian AI company Humain. This…
European Stocks Slip as Airbus and Renault Earnings Shake Markets
European markets opened lower on Thursday as investors closely analyzed earnings reports from major companies including Airbus, Renault, and Nestle.…
Nigeria’s Business Travel FX Spending Surges 366% to $672M Amid Growing Global Engagement
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures reaching $672.27 million in…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says Afreximbank
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address Africa’s $80–120 billion…
Unpaid Electricity Bills Hit N6 Trillion as Nigeria’s Power Sector Faces Liquidity Crisis
Nigeria’s power sector is facing a deepening financial crisis as electricity generation companies, under the Association of Power Generation Companies…
Naira Depreciates to N1,340/$ as Parallel Market Hits N1,400/$ Amid Dollar Strength
The Nigerian naira recorded a marginal depreciation on Wednesday, trading at N1,340/$ at the official market, down from N1,337/$ the…
NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance
Nigeria’s capital market reached a new milestone as Dangote Cement Plc launched its first Commercial Paper (CP) issuance on the…
CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance institutions across Africa…
FCMB Drives NGX Rebound as Shares Worth N35.8 Billion Trade on Customs Street
The Nigerian Exchange (NGX) rebounded strongly on Wednesday, February 18, 2026, closing 1,106.72 points higher at 190,427.96. This 0.58% increase…
FG Targets 15% Trade Cost Reduction with New Industrial Policy to Boost Made-in-Nigeria Exports
The federal government has rolled out an ambitious industrial policy aimed at reducing trade costs in Nigeria by at least…
Nigeria’s Crude Oil Production Hits 1.64mbpd in 2025 Amid Rising Local Investment
Nigeria’s crude oil production surged to 1.64 million barrels per day (mbpd) in 2025, marking a 5.8% increase from 1.55…
NNPC Gas Master Plan 2026: Nigeria Set to Boost Gas Supply by 1.8 Bcf/d
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced ambitious plans to increase the country’s gas supply by an…
OpenAI Partners with Pine Labs to Accelerate AI-Driven Fintech in India
OpenAI is deepening its presence in India with a strategic partnership with Pine Labs, aiming to bring AI-powered automation to…
Nigeria’s Foreign Reserves Hit $48.5bn, Highest Level Since 2013
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013. According to data from…
Tinubu Executive Order on NNPCL Revenue Remittance Signals Major Oil Sector Reform
President Bola Tinubu has signed a sweeping Executive Order suspending the collection of management and frontier exploration fees by the…
Nigeria’s World Bank IDA Debt Rises to $18.7bn as External Borrowing Pressures Mount
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank, climbed to $18.7bn as…