Oil Investments Revive After 10-Year Drought – FG   The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that the country has broken a 10-year drought in oil sector investments, thanks to reforms introduced under President Bola...

Equities Market Sees N279bn Gain as Investors Drive Rebound   The Nigerian Exchange reversed previous losses on Thursday, closing the trading session with a gain of N279bn in market capitalisation as investors returned to the equities market. At the close of trading,...

Nigeria Spends N804bn on Arms Imports, Experts Urge Domestic Production   Nigeria spent N804.10bn on arms and ammunition imports between 2020 and the second quarter of 2025, according to data obtained from the National Bureau of Statistics (NBS). Despite moves by the...

Rate Cut to Ease Financial Burden on SMEs, Households – CBN   The Central Bank of Nigeria (CBN) has stated that reducing the monetary policy rate by 50 basis points is a strategic move aimed at supporting the nation’s economic recovery,...

FG Denies Nigeria's Exclusion from World Bank's Electricity Reforms   The Federal Government has reaffirmed its commitment to the World Bank and African Development Bank’s Mission 300 initiative, saying it was among the first countries to sign on earlier this year,...

Marketers Fault Dangote’s 500,000-Litre Fuel Delivery Threshold   The Dangote Petroleum Refinery has introduced a minimum purchase requirement of 500,000 litres of petrol for oil marketers wishing to benefit from its free delivery scheme, sparking debates across Nigeria’s downstream petroleum sector. The...