Industry

By Silverline Ifeanyi Onyeabor American energy major Chevron Corporation has reaffirmed its long-term commitment to Africa’s energy sector by returning as a Diamond Sponsor for the African Energy Week 2026. The renewed…
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*Why is cooking gas suddenly ₦2,000/kg? A massive spike in household demand for holiday cooking (Eid/Ileya) has temporarily outpaced available local gas supplies. Heavy-duty truck drivers have significantly hiked transport…
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Nigeria and the World Bank have agreed to scrap $717.7 million in unused loan money. The funds were earmarked for the Power Sector Recovery Performance-Based Operation, a five-year initiative designed… Nigeria and the World Bank…
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The Nigerian National Petroleum Company Limited has told the Federal High Court sitting in Lagos that petroleum products from the Dangote Petroleum Refinery and Petrochemicals FZE are sold at “significantly high and fluctuating market…
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‘FG accounts for 92.14% of total debt stock, states, 7.86%’ Nigeria’s total public debt has risen sharply by N71.9trn within the first two and a half years of President Bola Tinubu’s administration, raising fresh concerns among…
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The United States has disbursed a total of $187,352,312 in foreign assistance to Nigeria in 2026, according to updated data published on the US Department of State website on May 20, 2026, under the ‘US Foreign Assistance’ report. …
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Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026, according to the latest Gross Domestic Product report released by the National Bureau of Statistics. The figure represents an improvement over…
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The Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has lamented the unprecedented rise in public debt under the current administration, noting that the N65.9 trillion borrowed by the Bola Tinubu…
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According to The Guardian on May 25, 2026, energy expert Dr. Chinedu Okafor has identified rampant energy theft and obsolete infrastructure as the primary factors worsening Nigeria’s long-standing electricity crisis. Speaking at a…
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In May 2026, Nigerian households are experiencing increased financial pressure. Petrol and cooking gas prices have increased, while diesel is driving up business expenses. Rising energy costs now impact transport, food, power, and…
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