FG Rakes in N12trn from Oil Royalties as Naira Depreciates   The Federal Government’s earnings from oil royalties and others ballooned from about N4tn to N12tn following the devaluation of the naira. This represents a 200 per cent jump in earnings to the government through its...

Security Investments Impacting Crude Production Costs - NNPC The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, has attributed the country’s high oil production cost to massive security investments aimed at safeguarding crude oil pipelines in the Niger Delta...

Senate to FG: Stop Enriching Discos with Public Funds   The Senate has called on the Federal Government to rethink its approach to the power sector by ending the indirect enrichment of private electricity distribution companies with public funds. The Chairman, Senate Committee on the Environment, Senator...

NCDMB Approves Over 440 Expatriate Slots in Oil Sector   The Nigerian Content Development and Monitoring Board (NCDMB) has approved the requests of no fewer than 448 foreigners to work and earn a living in the oil and gas sector, even as the Federal Government pushes...

NGX Records N1.76trn Highest Daily Gain in 2025   The Nigerian Exchange Limited (NGX) posted its highest daily gain so far this year, with the market soaring by N1.76tn on Thursday, driven by a rally in banking and insurance stocks. At the close of trading, the All-Share...

Arewa Economic Forum Raises Red Flags Over CBN's New BDC Policy: National Security Implications The Arewa Economic Forum (AEF), a leading northern Nigerian advocacy and think-tank, has raised serious concerns over the Central Bank of Nigeria’s (CBN) new Bureau De Change (BDC) recapitalisation policy, describing...