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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday tasked stakeholders in the gas, power and financial sector on a joint action on gas-to-power challenges. Chief Executive, Oritsemeyiwa Eyesan, made…
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... Says Nigerians are paying price of ‘ponzi economy’ African Democratic Congress (ADC) has condemned the Federal Government’s move to secure another $1.25 billion loan from the World Bank, describing the Tinubu administration’s…
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President Bola Ahmed Tinubu President Bola Ahmed Tinubu has projected that Nigeria could attract nearly $20 billion in foreign direct investment (FDI) in 2026, citing ongoing economic reforms aimed at improving transparency, efficiency,…
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Former Anambra State governor, Peter Obi, has expressed concern over Nigeria’s rising debt profile, saying the country continues to borrow heavily despite promises that subsidy removal would reduce borrowing. Speaking during an…
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Nigeria’s crude oil output increased to 1.489 million barrels per day (bpd) in April 2026. This level marks the highest production in four months and shows the country moved closer to its OPEC quota. OPEC data showed that Nigeria…
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President Bola Tinubu President Bola Tinubu has raised concerns over Nigeria’s growing debt burden, warning that the country could spend as much as $11.6 billion on debt servicing in 2026 if current global financial conditions persist. …
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Saleh Mamman A Federal High Court in Abuja has sentenced former Minister of Power, Saleh Mamman, to 75 years imprisonment after finding him guilty of fraud and money laundering involving about ₦33.8 billion linked to major power…
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Former President Olusegun Obasanjo has said some of the major economic reforms introduced by President Bola Ahmed Tinubu were necessary policies but lacked adequate preparation, study, and planning before implementation. Obasanjo…
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Nigeria’s downstream regulator has significantly loosened restrictions on foreign fuel imports, granting six marketers licenses to bring in 600,000 metric tons of gasoline. This volume represents more than triple the previously…
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Saleh Mamman The Federal High Court sitting in Abuja has convicted former Minister of Power, Saleh Mamman, of 12 counts of fraud and money laundering totaling N33.8 billion. In a judgment delivered on Thursday by Justice James…
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