Nigeria has posted the fastest airline capacity growth of any major African market, with seat numbers climbing 44.5 per cent year-on-year to overtake more established rivals...
UTM Offshore has secured a 15-year gas supply agreement for its planned $3 billion Floating Liquefied Natural Gas (FLNG) project, marking a major milestone towards reaching...
Dangote Group has revealed plans to finance its proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated funds, bond issuances and...
Says country missed opportunity to become alternative supplier as Europe sought new energy sources The Independent Petroleum Producers Group (IPPG) has said Nigeria failed to seize...
The Nigerian stock market extended its bullish run on Tuesday, adding N1.86 trillion in market value as renewed investor appetite for heavyweight stocks, led by MTN...
The Nigerian National Petroleum Company (NNPC) Limited says it has saved $3.4 billion through contract restructuring and operational reforms over the past 14 months, while remitting...
Renaissance Africa Energy Company Limited has announced a significant hydrocarbon discovery at the JK-004 exploration well in Oil Mining Lease (OML) 74, marking its first major...
The Federal Government has commissioned global professional services firm PricewaterhouseCoopers (PwC) to undertake a comprehensive benchmarking of the more than 270 fees, taxes and statutory charges...
The Nigerian National Petroleum Company Limited (NNPC) has disclosed that it saved $3.4 billion through contract restructuring and optimisation initiatives between April 2025 and July 2026,...
The African Export-Import Bank (Afreximbank) has disclosed that it invested between $15 billion and $20 billion in Nigeria over the past five years and has earmarked...
Emerald HoldCo B.V. has launched a mandatory takeover offer valued at N6.94 billion to acquire up to 11,741,509 ordinary shares of Beta Glass Plc from minority...
The Nigerian Exchange (NGX) sustained its bearish run last week as persistent profit-taking erased about N1.8 trillion from investors’ portfolios, even as trading activity strengthened significantly....
By Àkànní Olúwaségún Michael Nigeria recorded a significant increase in drilling activity in the first quarter of 2026, with the number of active oil rigs rising...
Nigeria’s trade relationship with the United States expanded significantly in 2025, with total bilateral trade approaching $15 billion, representing a 14 per cent increase over the...
By Àkànní Olúwaségún Michael The Federal Competition and Consumer Protection Commission (FCCPC) has warned petroleum marketers that it will investigate any evidence of anti-competitive conduct or...
By Àkànì Olúwaségún Michael Nigeria’s debt market grew to N113.72 trillion in the week ended June 19, 2026, as investors continued to enjoy elevated returns across...
By Àkànní Olúwaségún Michael Nigeria’s refining sector crossed a significant milestone in May 2026 as local refineries operated above their installed capacity, helping domestic fuel supply...
By Àkànní Olúwaségún Michael Nigerian households continued to pay as much as N1,800 per kilogram for cooking gas in May 2026 despite increased gas production and...
BY Àkànní Olúwaségún Michael A decline in global crude oil prices is placing renewed attention on fuel pricing dynamics in Nigeria’s deregulated downstream petroleum sector, with...
By Àkànní Olúwaségún Michael Nigeria has secured a €200 million financing loan from the European Investment Bank’s development arm, EIB Global, to expand access to credit...
