China Donates $1m to Support Nigeria’s Flood Relief The Federal Government’s flood relief efforts were boosted on Wednesday as the Chinese government donated $1m to support victims in the northern states. The Minister of Budget and Economic Planning, Abubakar Bagudu, signed the exchange notes on the...

FG Upholds Revocation of Over 50 Oil Licences, Cites Capacity Gaps The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has refused to approve the extension of over 50 expired oil licences currently on his table. Lokpobiri stated that over 60 licences were awarded in a marginal...

FG Engages Global Insurers to Halt $1.5bn War Risk Charges The Federal Government has commenced discussions with international insurers, including the International Chamber of Shipping and Lloyd’s of London, among others, to prove that Nigeria has secured its waters, in a bid to stop the...

Petrol Consumption Hits ₦1.3tn in June - NMDPRA The latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority has revealed that Nigerians spent about N1.3tn on buying Premium Motor Spirit (petrol) to power their vehicles and electricity generators in June, as consumption across...

Rebased GDP Shows Nigeria’s Economic Shift Towards Digital, Services Sector – Presidential Aide Nigeria’s rebased Gross Domestic Product (GDP) figures have revealed a significant transformation in the country’s economic structure, shifting focus from oil dependency to a services-driven digital economy. Speaking at the 3rd Economic Confidential...

How we’re Positioning Nigeria to Harness $2m Digital Jobs Using AI – NITDA Boss  The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has unveiled plans to leverage Artificial Intelligence (AI) as a key driver of Nigeria’s economic transformation, with a...