Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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World Bank Increases Guarantees To Mobilise $23bn Capital For Africa
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has unveiled plans to scale up its guarantee issuance in Africa to $6.4 billion annually over the next three and a half years, in a move expected to mobilise about $23!-->!-->!-->…
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NMDPRA Threatens To Sanction Oil Firms Operating In Free Trade Zones Without Permits
*The latest directive is expected to tighten regulatory scrutiny in Nigeria’s oil and gas sector, particularly in free trade and export processing zones where some operators have historically claimed varying regulatory exemptions
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UNIPORT, UNIBEN Win Regional NCDMB-sponsored Engineering Olympiad
... Move to Boot Camp
Team PROTRONICS of University of Port Harcourt, winner of the South-South leg of the Nigerian Engineering Olympiad (NEO).
The University of Port Harcourt, represented by innovation Team PROTRONICS, and the!-->!-->!-->!-->!-->…
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Cancel Fresh Petrol Import Licences, Jetties, Tank Farm Owners Urge FG
Owners of petroleum products jetties, and tank farms have urged the federal government to cancel fresh approvals for petrol import licences, saying further issuance wouldSpeaking through their group, the Jetties and Petroleum Tank Farm!-->!-->!-->…
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FAAC Gets 100% PSC Boost As NNPC Implements Executive Order 9
The Federation Account Allocation Committee (FAAC) has started receiving the full proceeds from Nigeria’s Production Sharing Contract (PSC) oil revenues following the implementation of President Bola Ahmed Tinubu’s Executive Order 9 of!-->!-->!-->…
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Africa’s Infrastructure Deficit Continues to Limit Economic Growth
Africa’s persistent infrastructure deficit continues to constrain economic growth, limit industrial expansion and weaken the continent’s ability to create jobs for its rapidly growing population despite increasing global interest in!-->!-->!-->…
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Nigeria’s export growth continues, but manufacturing remains marginal
Key points
Nigeria’s total export value rose to N85.13 trillion in 2025, according to the National Bureau of Statistics (NBS).
Manufactured exports contributed only 2.94 per cent of total exports, continuing a four-year!-->!-->!-->!-->!-->!-->!-->!-->…
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Analysts Warn CBN Rate Hikes Risk Choking Investment, Productivity Growth
Analysts warned that with inflation risks still tilted upward due to high energy prices and supply disruptions, further Central Bank of Nigeria tightening could slow private sector expansion and weigh on investment and productivity!-->!-->!-->…
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NNPC Hands Over MRI Machine To Nnewi Hospital
...Strengthens National Healthcare
By Saidu Abubakar
The Nigerian National Petroleum Company NNPC Foundation, the Corporate Social Responsibility (CSR) arm of NNPC Ltd., has commissioned and handed over a fully installed 1.5!-->!-->!-->!-->!-->!-->!-->…
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Reforms, FX Gains: S&P Raises Nigeria’s Credit Rating First Time In 14 Years
Citing President Bola Tinubu’s economic reforms, improved foreign exchange liquidity, stronger fiscal revenues, and rising external reserves, global ratings agency S&P Global Ratings has upgraded Nigeria’s long-term foreign and!-->!-->!-->…
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