Nigeria’s Oil Industry in 2025: Investment, Reforms, and Rising Production
Nigeria’s oil and gas sector experienced a transformative 2025, marked by policy reforms, strategic acquisitions, and renewed investment. The year…
Category: Local
World Bank Backs $50 Million Solar Farming Expansion to Boost Nigeria’s Agriculture
The World Bank has approved $50 million to scale solar-powered agricultural solutions in Nigeria and five other African nations, aiming…
NGX Must End ‘Listing by Introduction’ to Boost Transparency and Investor Confidence
Nigeria’s capital market is at a crossroads as investors and experts increasingly question the practice of listing companies by introduction…
CBN MPC Divided on November Rate Cut as Inflation Shows Signs of Easing
Members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) were sharply divided at their November 2025 meeting…
NGX Records N11.92 Trillion in Trades as Domestic and Foreign Investments Hit 19-Year High
The Nigerian Exchange (NGX) witnessed a historic surge in stock trading in 2025, with domestic and foreign portfolio investments hitting…
LIRS Urges Lagos Employers to Meet January 31 Tax Filing Deadline to Avoid Penalties
The Lagos State Internal Revenue Service (LIRS) has issued a stern reminder to all employers in Lagos to comply with…
CBN’s Tight Monetary Policy Cuts Inflation by 10 Points, Governor Cardoso Confirms
Nigeria’s sustained monetary tightening has played a key role in reducing inflation, with the Central Bank of Nigeria (CBN) confirming…
Tinubu Approves Commercial Oil Drilling in Ogun, Revives Olokola Deep Seaport
President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area…
Domestic and Foreign Investors Push Nigeria’s Equity Market Trades to N11.92tn in 2025
Nigeria’s equity market closed 2025 on a historic note, with total transactions soaring to N11.92 trillion, driven by strong participation…
Nigeria Economic Outlook 2026: Report Projects Reform-Led Growth and Rising Investor Confidence
Nigeria’s economy is entering a phase of reform-driven stability that could strengthen growth and attract fresh investment, according to the…
LivingTrust Mortgage Bank Reports N1.01bn Profit in 2025, Driven by Strong Earnings Growth
LivingTrust Mortgage Bank Plc has posted a profit after tax of N1.01 billion for the year ended December 31, 2025,…
Nigeria’s Insurance Assets Surge to N4.619 Trillion as Industry Shows Resilience
Nigeria’s insurance sector has reached a historic milestone, with total assets soaring to N4.619 trillion by the end of Q2…
Nigeria’s Cooking Gas Imports Drop to 13% as Domestic Production Rises
Nigeria is increasingly relying on local production for its cooking gas needs, with imports falling to just 13% of total…
Sugar Tax Could Threaten Nigeria’s Manufacturing Sector, Warns CPPE
The Centre for the Promotion of Private Enterprises (CPPE) has raised concerns that the proposed sugar tax on sugar-sweetened non-alcoholic…
PETROAN Urges Clear Timeline for Nigeria’s Refineries After $4 Billion Spent
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government and…
Fuel Taxes Push KRA Revenue Past Target in December 2025
Kenya Revenue Authority (KRA) closed December 2025 on a high note, exceeding its monthly revenue target, thanks largely to a…
Ghana Chamber of Mines Urges Review of Mining Fiscal Plan to Boost Investment
The Ghana Chamber of Mines has urged the government to rethink its proposed mining fiscal framework, emphasizing the need to…
CBN Urges Nigerian Banks to Act Faster Against Rising Digital Fraud Threats
The Central Bank of Nigeria (CBN) has called on banks and financial institutions to take faster and more coordinated action…
Naira Mid-Week Update: Official Rate Holds at N1,423/$ While Parallel Market Hits N1,486/$
The Nigerian naira maintained relative stability at the official foreign exchange market mid-week, closing at N1,423/$ on Wednesday. This follows…
Nigeria Produces 554 Million Barrels of Oil in 2025 as Daily Output Hits 1.63 mbpd
Nigeria’s crude oil and condensate production totaled 554.4 million barrels in 2025, according to the Nigerian Upstream Petroleum Regulatory Commission…
Economist Warns: New Sugar Tax on Soft Drinks Could Hurt Nigeria’s Economy
The Centre for the Promotion of Private Enterprise (CPPE) has raised serious concerns over proposals to introduce additional taxes on…
NGX Records N6.88bn Growth as Equities Show Modest Gains Amid Positive Market Sentiment
The Nigerian Exchange Limited (NGX) ended Wednesday’s trading session on a positive note, posting a modest market growth of N6.88…
CBN Sells N1.15tn Treasury Bills as Investors Eye Rising Yields
The Central Bank of Nigeria (CBN) is set to auction N1.15 trillion worth of Treasury bills in its second auction…
Yuletide Rush: Nigerians Spent N1.58 Trillion on Petrol in December 2025 — NMDPRA Report
Nigerians spent an estimated N1.58 trillion on petrol in December 2025, highlighting the heavy cost of fuel during the peak…
Nigerians spend N1.54tn on beer, others in nine months
Nigerians spent an estimated N1.54 trillion on beer and other non-alcoholic drinks in the first nine months of 2025, highlighting…
Nigeria’s Livestock Sector Set to Hit $74bn GDP in 10 Years – FG Plans Major Boost
The Federal Government has unveiled ambitious plans to expand Nigeria’s livestock sector, aiming to increase its contribution to the national…
West Africa IMT 2026: Turning Trade Gains into Manufacturing Growth
West Africa is poised to transform its rising trade gains into tangible industrial growth at the upcoming West Africa Industrialisation,…
$16B Post-PIA Investment Spurs Gradual Recovery in Nigeria’s Oil Sector
Nigeria’s oil and gas sector is showing early signs of recovery, driven by regulatory reforms, rising indigenous participation, and renewed…
Global Oil Prices Fall Below Nigeria’s $64.85 Budget Benchmark Amid Oversupply Fears
Global oil prices fell sharply on Wednesday, dipping below Nigeria’s 2026 budget benchmark of $64.85 per barrel, raising concerns over…
FGN to Repay N1.03 Trillion Bond on January 22: Implications for Nigeria’s Debt and Naira
The federal government is set to repay up to N1.03 trillion in bond maturities on January 22, 2026, marking one…