N2trn Drop in Petrol Imports as Local Production Improves   Nigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping to N1.76tn from the N3.81tn recorded in the same period in 2024, representing a difference of over...

China Grants Duty-free Market Access to Nigeria, Others   In a major policy shift set to reshape Africa-China trade relations, the Chinese government has announced plans to grant Nigeria and 52 other African nations full duty-free access to its vast...

Manufacturers Blame High Interest Rates for N746bn Export Slump   The Manufacturers Association of Nigeria (MAN)  has decried the high interest rates by banks as manufacturing exports crashed from the last peak of N1.04tn in the third quarter of 2024 to...

N12.9trn Worth of Crude Exported as Local Refiners Starve   Oil producers exported crude oil and other petroleum products worth N12.96tn in the first quarter of 2025, even as domestic refineries continue to suffer from poor feedstock supply. This is despite the...

FG to Withdraw Oil Licenses from Non-Active Operators   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has told oil producers that it is set to implement the ‘drill or drop’ policy. The Chief Executive of the NUPRC, Gbenga Komolafe, disclosed this...

Civil Society Pushes for Transparency and Reform in Nigeria’s Defence Sector   Civil society organisations have renewed calls for transparency, accountability, and urgent reforms in Nigeria’s defence and security sector. This follows a two-day capacity-building workshop held in Port Harcourt, Rivers...