Industry

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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*NNPC/First E&P JV First Exploration & Petroleum Development Company Limited, First E&P, has announced that the NNPC/First E&P Joint Venture on PML53 and PLM 54 has attained a major operational safety milestone with 10…
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The Senate Committee on Public Accounts has given a 10-day deadline to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC, Bayo Ojulari, to respond to 11 critical financial queries related to…
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President Bola Ahmed Tinubu has officially signed four groundbreaking tax reform bills into law, marking a major milestone in Nigeria’s fiscal restructuring, as reported by The Nation. The signing ceremony took place Thursday at the…
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In the turbulent tide of Nigeria’s economic history, few reforms have stirred both anticipation and anxiety like the 2025 tax revolution —a bold and uncompromising reimagination of the country’s fiscal framework. At the helm of this…
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