Industry

The recently held 2025 Nigeria Oil and Gas (NOG) Conference in Abuja highlighted the pivotal role of the Nigerian Content Development and Monitoring Board (NCDMB) in advancing local content policies and driving Nigeria’s energy sector…
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Persistent economic uncertainty, rising costs of goods and services, high interest rates, and multiple policy restrictions have made a significant dent in the nation’s non-oil exporters’ performance, analysts have warned. They said…
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Jaiz Bank Plc has published its audited financial results for the year ended 31 December 2024, reporting a pre-tax profit of ₦24.4 billion, representing a 121.15 per cent increase compared to ₦11.05 billion recorded the previous year.…
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Recapitalisation: Access, Zenith Three Other Banks Meet CBN Target At least five banks have met the new capital thresholds issued by the Central Bank of Nigeria. They include Access Bank, Zenith Bank, Ecobank Nigeria, Lotus Bank,…
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…Charge FG On Fiscal Discipline Without Pushing Millions Into Poverty When the International Monetary Fund (IMF) released its latest Article IV Con­sultation report on Nigeria last week, the tone was broadly optimistic but experts…
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"…Today, We're Almost 180trln" Former Labour Party presidential candidate, Peter Obi has raised alarm over Nigeria’s rising debt profile, stating that the country’s total debt has more than doubled since former President Muhammadu…
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...As PINL operations dwarfs saboteurs For nearly half a century, Nigeria’s vast economic promise has been crippled by pipeline vandalism and oil theft. The country lost billions of dollars every year as critical oil infrastructure…
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Gbenga Komolafe, Chief Executive Officer of NUPRC The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total sum of N28.11bn in miscellaneous oil revenue tied to licensing fees and renewals within the first five…
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An oil storage facility in Groot-Ammers, The Netherlands. The global oil market is likely heading for a surplus this year following a higher than expected production hike by OPEC+ over the weekend. At their meeting on Saturday, eight…
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The Nigerian Exchange (NGX) closed the trading week ending July 4, 2025, on a positive trajectory. The All-Share Index (ASI) advanced by 993.90 points, reaching 120,989.66, a 0.83% increase from the prior week’s close of 119,995.76. …
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