The Nigerian Independent System Operator (NISO) says the country’s power sector is losing between ₦5bn and ₦8bn monthly due to transmission inefficiencies.

Nigeria’s electricity distribution companies (DisCos) collected ₦204.74bn in January 2026, representing a 76.34% collection efficiency, but still recorded losses of over ₦131bn due to billing and collection gaps.

The Nigerian National Petroleum Company Limited (NNPCL) says crude oil production has risen from a historic low of 960,000 barrels per day in 2022 to an average of 1.71mbpd, peaking at 1.84mbpd in 2025, thanks to intensified pipeline security in the Niger Delta.

The World Bank’s call for Nigeria to reopen fuel imports has sharply divided downstream stakeholders, with marketers backing full deregulation while experts warn against undermining local refining.

‎In a period defined by economic volatility and shifting global value chains, Nigeria’s long-term competitiveness increasingly depends on entrepreneurs who can think beyond short-term gains. Abdulsamad Aminu is positioning himself within that cadre, building a business model anchored on diversification, industrialisation and scalable impact.

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Dangote Refinery has reversed its recent fuel price increase, slashing the ex-gantry price of Premium Motor Spirit (PMS) by ₦75 to ₦1,200 per litre, industry sources confirmed on Wednesday.

The International Air Transport Association (IATA) has warned that global jet fuel supply may take months to recover even if the Strait of Hormuz reopens under the US‑Iran ceasefire agreement.

The Central Bank of Nigeria (CBN) has announced plans to recapitalise and restructure development finance institutions (DFIs) to address a widening funding gap for micro, small and medium enterprises (MSMEs).

Nigeria, Indonesia Commit to Trade, Investment Partnerships Nigeria and Indonesia have reaffirmed their commitment to strengthening bilateral relations, with a...

Nigeria’s downstream oil sector has received a boost as the Nigerian National Petroleum Company Limited (NNPC) doubled crude oil deliveries to the Dangote Petroleum Refinery in March, raising hopes of improved fuel availability.