Upstream Oil Sector Attracts $10bn in New Investments Nigeria’s upstream oil and gas sector is witnessing a resurgence in investor confidence, with over $10bn in new investments unlocked through recent regulatory reforms, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said. The Commission Chief Executive of...

$24bn Investments Flow into Nigeria’s Oil Sector as Reforms Take Hold - NNPC The Nigerian National Petroleum Company Limited (NNPCL) has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline,...

The Central Bank of Nigeria (CBN) has announced plans to recapitalise and restructure development finance institutions (DFIs) to address a widening funding gap for micro, small and medium enterprises (MSMEs).

Oil Royalties Increase by 88% Amid Govt's Revenue Boost   Oil and gas royalty collections by the Nigeria Revenue Service surged by N220.09bn in February 2026, a sharp increase of 87.6 per cent compared to January, following the implementation of Executive Order 9 mandating the centralisation...

Dangote Refinery Disputes Claims on Seven Cargo Allocation   Officials of the Dangote Petroleum Refinery are unaware of claims that seven crude cargoes have been allocated to it in May by the Nigerian National Petroleum Company Limited (NNPCL). Senior officials at the refinery told our correspondent that,...

The Central Bank of Nigeria (CBN) has announced the successful conclusion of its banking sector recapitalisation programme, with Nigerian banks raising a total of ₦4.65 trillion over a 24-month period to strengthen the financial system and support economic growth.