Industry

World Water Day: Obasanjo decries incessant borehole drilling in Abeokuta Former Nigerian President Olusegun Obasanjo has disclosed that his administration was confronted with servicing Nigerian loans worth over $3.5 billion when he…
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President of the Dangote Group, Aliko Dangote, has asserted that Africa is currently the only continent experiencing true economic growth, emphasising that Europe’s future progress is now closely linked to Africa’s continued…
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The Nigerian Navy says its operations have restored near normalcy in the nation’s crude oil production. The outgoing Flag Officer Commanding (FOC) of the Eastern Naval Command, Rear Adm. Saheed Akinwande, stated this during a…
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The Debt Management Office (DMO) has released a fresh update on Nigeria’s financial position, revealing a significant surge in the country’s public debt. As of March 31, 2025, Nigeria’s total public debt stock has skyrocketed to a…
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The government’s pursuit of a $3 billion International Monetary Fund (IMF) loan despite Ghana’s oil fields generating over $1.3 billion in 2024 has reignited public concern over whether the country’s petroleum revenue is being…
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Nigeria experienced a 19% decrease in foreign direct investment (FDI) inflows during the first quarter of 2025, dropping to $250 million from the previous quarter’s $310 million, according to the Central Bank of Nigeria’s (CBN) latest…
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Nigeria’s money supply dropped to N118.99 trillion in May 2025, representing a 0.23% month-on-month decline from N119.27 trillion in April 2025, according to the Central Bank of Nigeria’s (CBN) Money and Credit Statistics Data. This…
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Nigerian Tribune reports that the Nigerian National Petroleum Company Limited (NNPC) management has revealed that sabotage efforts both within and outside the company are actively working to undermine its ongoing anti-corruption and…
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Nigeria recorded a current account surplus of $3.73 billion in the first quarter (Q1) of 2025, driven largely by increased non-oil and gas exports, according to the Central Bank of Nigeria (CBN). In its Q1 2025 Balance of Payments…
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Fuel scarcity has resurfaced in major cities across Nigeria, causing panic buying and long queues at filling stations. From Lagos to Abuja, residents have reported increasing difficulty in getting petrol, with some stations shutting…
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