Nigeria’s Oil Output Stagnates Five Years After PIA as Investment Gaps Persist
Five years after the Petroleum Industry Act (PIA) was introduced to bring greater certainty to Nigeria’s oil and gas industry,…
Day: August 21, 2026
FG Raises N7.2trn Through Bonds as Funding Gap Widens
The Federal Government has raised nearly N7.2 trillion through bond auctions in 2026, as it continues to rely heavily on…
China’s Oil Imports Set for Rebound as Refiners Seek New Supplies
China’s oil imports are expected to rebound in the final quarter of 2026 as refiners increase purchases and search for…
Dangote Raises Petrol Price to N1,185 as Crude Oil Surges Above $93
The Dangote Petroleum Refinery has increased its petrol gantry price by N20 per litre, raising the cost from N1,165 to…
Nigeria’s Energy Inflation Falls Sharply to 4.37% in July as Price Pressures Ease
Nigeria’s energy inflation recorded a sharp slowdown in July, falling to 4.37 per cent from 9.83 per cent in June,…
Nigerian Stock Market Loses N5.4tn in 8 Days as Sell-Off Spreads Across Major Sectors
The Nigerian stock market extended its losing streak on Thursday, August 20, as renewed selling pressure across major sectors wiped…
NESG Projects Nigeria’s External Reserves to Hit $53bn by Year-End
Nigeria’s external reserves are projected to rise to about $53bn by the end of 2026, as the Nigerian Economic Summit…
World Bank Targets 32 Million Nigerians for Electricity Access by 2032
The World Bank has unveiled an ambitious plan to connect 32 million Nigerians to electricity by 2032, as part of…
Nigeria’s $22bn Oil Investment Slump Raises Fresh Capacity Concerns
Nigeria’s oil and gas industry is facing a major human-capacity challenge after annual investment in the sector plunged by about…