Industry

The Central Bank of Nigeria (CBN) is preparing to auction ₦290 billion in Nigerian Treasury Bills (NTBs) this Wednesday, opening the window for investors to participate through the primary market auction (PMA). This issuance comes…
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The Akwa Ibom State Government has dismissed the renewed controversies surrounding its ownership of 76 offshore oil wells, maintaining that the Supreme Court decision on the issue is final. The Apex Court in July 2012 had placed a…
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A World Bank report has identified Nigeria as one of the top global nations in gas flare.According to the World Bank’s annual Global Gas Flaring Tracker, Nigeria, Russia, Iran, Iraq, the USA, Venezuela, Algeria, Libya, and Mexico…
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Revenue from crude oil taxes and mineral-related earnings accounted for about 66 per cent of the N1.818 trillion disbursed by the Federation Account Allocation Committee (FAAC) for June 2025.  In a statement at the weekend, the…
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Stakeholders in the energy sector have called for the development of energy transition to position the country for opportunities in renewables before the stock of crude oil dries up. The experts who spoke at the third edition of the…
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Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery and establish a free trade zone in Ondo State, Nigeria. The project is a joint venture with the Ondo State Government,…
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As mourners across Nigeria observed the three -day Islamic prayer for the repose of the former President Muhammadu Buhari, one of the projects his administration initiated that will be remembered for a long time to come, is the AKK…
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...Thousands of motorists invested heavily, spending between N1m and N1.5m to retrofit their engines A severe scarcity of Compressed Natural Gas has brought frustration, despair, and economic hardship to motorists in Abuja, forcing…
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The Nigerian equities market sustained its bullish momentum, raking in a massive N3.4 trillion profits in four days. The market gained in all four trading sessions of the week as the Federal Government declared Tuesday, July 15, 2025,…
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A total sum of N1.818 trillion, being June 2025 federation account revenue, has been shared to the federal government, states and the local government councils. The revenue was shared at the July 2025 Federation Account Allocation…
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