Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)…
Read More...
Read More...
Oando Shareholders Approve Digital Assets Expansion, Cross-Border Listing
Shareholders of Oando Plc have approved an expansion of the energy company’s business scope into digital assets and authorised its board to pursue the listing of its shares on foreign stock exchanges.
The approvals were among…
Read More...
Read More...
RMAFC reopens verification of disputed oil wells
Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reopened the verification of disputed and newly drilled oil and gas wells from 2017 to date, following complaints by states over the accuracy of well coordinates and…
Read More...
Read More...
‘Dangote Refinery IPO opens new era for capital market’
Nigeria’s capital market is entering a new phase as the Dangote Petroleum Refinery and Petrochemicals FZE opens its ownership to retail and institutional investors through a N2.15 trillion initial public offering (IPO).
The offer,…
Read More...
Read More...
Nigeria’s oil production nears 1.8m bpd as drilling rigs rise to over 60 — Lokpobiri
Nigeria’s upstream petroleum sector is recording increased activity, with crude oil production approaching 1.8 million barrels per day, active drilling rigs rising from about 14 in 2023 to more than 60, and over $8 billion in major…
Read More...
Read More...
FG, CBN Institutionalise Fiscal, Monetary Policy Coordination
The federal government and the Central Bank of Nigeria (CBN) have moved to institutionalise fiscal and monetary policy coordination with the signing of a Memorandum of Understanding (MoU) in Abuja.
The agreement is designed to…
Read More...
Read More...
Nigeria’s $400bn energy transition plan faces funding test
Questions are mounting over Nigeria’s ability to mobilise and deploy the estimated $400 billion in additional investment required to achieve its 2060 net-zero target.
For years, the national debate on energy transition has largely…
Read More...
Read More...
Electricity Crisis: 15 States Spent N3.47bn On Generator Maintenance In Six Months
…Lagos, Jigawa Account For Highest Spending With N1.63bn
…Borno Records Lowest Spending At N36.41m
Fifteen state governments spent a combined N3.47bn on the maintenance of plants and generators in the first six months of 2026,…
Read More...
Read More...
Nigeria’s digital identity system strengthening access to Africa’s digital economy – Akume
The Secretary to the Government of the Federation (SGF), Senator George Akume, Wednesday, said Nigeria’s expanding digital identity infrastructure is strengthening the country’s position in Africa’s digital economy and providing a…
Read More...
Read More...
FG Signals New Borrowing Strategy With N850bn Bond Plan
The Federal Government has quietly stepped up its reliance on non-competitive allotments in the domestic bond market, with the Debt Management Office (DMO) allocating a record N850 billion through the channel at its September auction,…
Read More...
Read More...
Pat Utomi Faults Tinubu’s Economic Policies, Says Nigerians Face Growing Hardship
According to a report by The Sun Nigeria on Thursday, September 17, 2026, renowned political economist, Professor Pat Utomi, has raised concerns about the economic direction of President Bola Tinubu’s administration, arguing that many…
Read More...
Read More...
