Why NNPCL Needs Private Operators to Run Port Harcourt Refinery The Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. Initially, Nigeria had spent more than $10 billion in a decade on three oil refineries that produced hardly...

Despite Zero FDI 14 States Spend N21bn on Foreign Trips Reports on foreign trips from state budget performance data has revealed that 14 state governments failed to attract any form of foreign investments into their domains despite spending at least N21.04bn on foreign trips in...

'$80bn Investments Needed to Achieve Agenda 2050' The Minister of Budget and Economic Planning, Sen. Atiku Bagudu said Nigeria needs at least $100bn in investments to achieve Nigeria Agenda 2050, with over 80 per cent expected from the private sector. The minister disclosed this while speaking...

Nigeria’s Inflation Hits 28.92% Amid High Food Prices Nigeria’s annual inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, the National Bureau of Statistics (NBS) said Monday. The statistics office said the December 2023 headline inflation rate showed an...

Stock Market Gains N1.85trn As Investors Position For Corporate Earnings   The stock market of the Nigerian Exchange (NGX) gained N1.85trillion week-on-week (WoW) to extend its positive run for a second week as investors continued to take position ahead of 2023 corporate earnings. The market capitalisation closed...

Airlines’ Trapped Funds: Pressure Mounts Despite CBN's $61m There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by the Central Bank of Nigeria...