Nigeria’s Crude Oil Earnings Plunge 43% Despite Production Rebound
Nigeria’s crude oil and gas profits dropped sharply by 43 per cent in 2024, falling to ₦1.08 trillion from ₦1.9…
Category: Local
HEDA Urges Tinubu to Suspend 15% Fuel Import Tariff Amid Worsening Economic Hardship
The Human and Environmental Development Agenda (HEDA Resource Centre) has urged President Bola Ahmed Tinubu to suspend the implementation of…
Nigeria’s Crude Oil Earnings Plummet 43% Despite Rising Production in 2024
Nigeria’s earnings from crude oil and gas sales plunged by 43% in 2024, even as production increased, highlighting persistent fiscal…
FG Exceeds 2025 Borrowing Target by 55.6%, Raising Debt Sustainability Concerns
The Federal Government of Nigeria has borrowed N17.36 trillion from domestic and foreign sources in the first ten months of…
Nigeria, IMF Strengthen Partnership on 2026–2030 Economic Reforms
Nigeria is intensifying its collaboration with the International Monetary Fund (IMF) as it charts a course for robust, reform-driven economic…
National Payment Stack Executes First Bank-Fintech Transaction in Nigeria
The National Payment Stack (NPS) has achieved a major milestone in Nigeria’s digital finance landscape by completing its first transaction…
Dangote and Fuel Depots Slash Petrol Prices in Fresh Market Battle
Nigeria’s downstream fuel market is witnessing a fresh price war as Dangote Refinery and private depot operators cut gantry prices…
ABCON Calls on CBN to Empower BDCs, Boost Forex Inflows and Stabilise Naira
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to empower…
Capital Gains Tax Hike Sparks Investor Sell-Off Fears in Nigeria Ahead of 2026 Implementation
Nigeria’s newly introduced Capital Gains Tax (CGT), set to take effect on January 1, 2026, has sparked concerns among analysts…
Inflation and Rising Costs Threaten Nigeria’s Industrial Growth, CANMPEF Warns
The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has raised fresh concerns over the worsening economic environment, warning that inflation,…
Nigerian Stock Market Remains Cautious After ₦2.83 Trillion Loss as Investors Rebalance Portfolios
After a sharp ₦2.83 trillion loss last week, the Nigerian stock market is expected to trade cautiously this week as…
NGX Strengthens Africa’s Islamic Finance Leadership with Expansion of Non-Interest Finance Board
The Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance landscape with the strategic expansion of…
Nigeria Hosts Practical Nigerian Content Forum 2025 to Drive Local Content Growth and Energy Investment
Nigeria is strengthening its position as a leader in local content development across Africa, as the country prepares to host…
Shell Awards Offshore Gas Development Deal to Halliburton in Boost for Nigeria’s LNG Future
Shell Nigeria Exploration and Production Company (SNEPCo) has awarded Halliburton an integrated drilling and completion services contract for the development…
Nigeria Risks Oil Production Decline Without New Discoveries, NAPE Warns
Nigeria’s oil production could face a steep decline in the coming years if the country fails to make new crude…
Nigeria, Germany Deepen Skills and Tech Partnership to Power $1 Trillion Economy Goal
Nigeria is strengthening its partnership with Germany to accelerate its drive toward a $1 trillion economy by 2030. The collaboration…
FG Grants ₦200 Million to 14 Women Engineers to Boost Innovation in Nigeria
The Federal Government of Nigeria has empowered 14 exceptional women engineers with grants totaling ₦200 million to scale up innovative…
Ellah Lakes Secures SEC Approval for ₦235 Billion Public Offer to Drive Tolaram’s ARPN Acquisition
Ellah Lakes Plc has received the green light from Nigeria’s Securities and Exchange Commission (SEC) to proceed with its ₦235…
Ghana Reference Rate Rises Slightly to 17.93% in November as Market Pressures Ease
The Ghana Reference Rate (GRR) — the key benchmark used by commercial banks to set lending rates — has edged…
Northern Manufacturers Applaud 15% Fuel Import Tariff as Boost for Local Refining and Economic Growth
Industrialists across Northern Nigeria have endorsed the Federal Government’s introduction of a 15% import duty on petroleum products, describing the…
Nigeria’s Top Banks Earn N4.8 Trillion from Fixed-Income Investments in 9 Months
Nigeria’s biggest lenders — First HoldCo, UBA, GTCO, Access Corporation, and Zenith Bank, collectively known as FUGAZ — have raked…
Nigerian Stock Market Sheds N1.8 Trillion in Four Days Amid Capital Gains Tax Jitters and Trump’s Threat
The Nigerian Exchange (NGX) suffered another bruising week as panic-driven sell-offs erased about N1.8 trillion in market value within just…
Over 700 SMEs Receive ₦1.1 Trillion Boost as Nigeria’s Impact Investing Market Gains Momentum
Over 700 small and medium enterprises (SMEs) across Nigeria have received a combined ₦1.1 trillion in funding through development finance…
Nigeria Poised for Oil Output Boost as NUPRC Confirms Readiness of EMEM FPSO Vessel
Nigeria’s crude oil output is set for a major surge as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced progress…
UPDC, FCMB Lead Market Gainers as All-Share Index Slips 0.36% Amid Weak Trading Activity
The Nigerian stock market closed on a bearish note on Thursday, November 6, 2025, as the All-Share Index fell by…
Inflation Pushes More Nigerians Into Energy Poverty, Says NISO
Rising inflation and falling household incomes are driving millions of Nigerians deeper into energy poverty, despite being connected to the…
Oando suspends petrol imports as Dangote raises output
Oando Plc has officially suspended its petrol importation amid the rising influence of the Dangote Refinery, which continues to reshape…
Nigeria’s AI Growth Faces Funding Crisis Despite Strong Implementation, Report Warns
Nigeria has emerged as West Africa’s frontrunner in artificial intelligence (AI) adoption and investment, but its ambitions may be derailed…
Nigeria’s GDP Forecast to Grow 3.7% in Q4 2025 as Fiscal Reforms Boost Revenue and Investor Confidence
Nigeria’s economy is set to close 2025 on a positive note, with analysts projecting a 3.7% Gross Domestic Product (GDP)…
Federal Government Launches Digital Project Board to Boost Nigeria’s Equipment Leasing Industry
The Federal Government has inaugurated a ministerial project approval board to drive digital transformation in Nigeria’s equipment leasing sector. The…