FG Clears N2trn Contractor Debt, Plans 2025 Capital Budget   The Federal Government has cleared over N2tn in outstanding capital budget obligations from the 2024 fiscal year, with a pledge to prioritise the timely release of 2025 capital funds. The Minister of...

NUPRC Aims to Capture 40% of Africa's Oil Investments   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is taking bold steps to reclaim the country’s dominant position in Africa’s oil and gas investment space after its share of sub-Saharan...

Equities Plunge N358bn as NGX Bearish Trend Persists   The Nigerian Exchange Limited (NGX) sustained its bearish momentum on Thursday as profit-taking and sell-offs in several large- and mid-cap stocks wiped out about N358bn from the market capitalisation. At the close of...

Strike Looms as Labour, PenCom Disagree Over Pension Funds   The Nigeria Labour Congress (NLC) has threatened a nationwide strike if the Federal Government fails to return what it claims to be billions of naira taken from workers’ insurance contributions. It...

NNPC Laments Delay in Tapping Oil Reserves   The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Bayo Ojulari, has warned that Nigeria must urgently turn its oil reserves into production, saying crude in the ground holds...

Manufacturing Sector's Appeal Dims Amid Shrinking Investments   The manufacturing sector is losing foreign investments, as an 87 per cent gap in 27 months betrays an unattractive industry. Stakeholders say that only stable macroeconomic conditions can cause a rebound. The gap between...