Dangote Refinery Not Importing Fuel, Says MD The Managing Director of the Dangote Petroleum Refinery, David Bird, has said that the $20bn facility is not importing finished petroleum products, explaining that the refinery operates a merchant refining model that does...

Shettima Launches 25-Year Economic Blueprint for Southeast Vice President Kashim Shettima yesterday unveiled a 25-year development blueprint for the South-East region, describing the region as a central pillar of Nigeria’s economic future. He unveiled the blueprint on Wednesday during the South-East...

Reopening Port Harcourt Refinery Wasteful After Gulping $1.5bn - NNPCL  The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has stated that the reopening of the Port Harcourt Refinery and Petrochemical Company as a huge waste of resources,...

FG, World Bank Roll Out $500m Support Fund for DisCos The Federal Government, in collaboration with the World Bank, is set to inject $500 million into Nigeria’s ailing electricity distribution sector under the Distribution Sector Recovery Programme (DISREP), as part...

Naira Mutual Funds Soar 140% Amid Shift Toward Local Currency Investments Naira-denominated mutual funds have recorded a sharp surge of about 140% over the past year, as investors increasingly pivot toward local currency assets in what analysts describe as a...

Nigeria Set for Fastest Economic Growth in Over a Decade - World Bank ‎Nigeria’s economy is on track to achieve its fastest growth in more than ten years, according to the latest forecast from the World Bank. The institution announced...