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, for the country as it...

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 of efforts to cut losses,...

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 growing vote of confidence in...

‎The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at $18.2bn, which carry an estimated production potential of 1.4 billion barrels of oil.

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 that it has upgraded Nigeria’s...