PETROAN Raises Concern Over Port Harcourt Refinery Delay
The Petroleum Products Retail Outlets Owners Association of Nigeria has asked the Nigerian National Petroleum Company Limited to give it a timeline for the completion of the new 210,000 barrels per day Port Harcourt refinery.
Dangote Explains Reduction in Fuel Price
The Dangote Petroleum Refinery has said that the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps.
Keyamo Calls for Implementation of Single African Air Transport Market
The Minister of Aviation and Aerospace Development, Festus Keyamo has called on the Banjul Accord Group of States to expedite action in actualising a Single African Air Transport Market (SAATM).
Africa Set to Launch Energy Bank
Africa's energy future is taking shape as the African Energy Bank (AEB) moves into its final launch preparations.
$10bn Needed to Provide Adequate Electricity – Power Minister
The Minister of Power, Adebayo Adelabu has said the Federal Government needs about 10 billion dollars to salvage the power sector.
Tinubu Approves Kolmani Oil Project
President Bola Ahmed Tinubu has granted approval for the issuance of all critical regulatory licences for the Kolmani Integrated Development Projects.
Nigeria Gains Membership of European Reconstruction, Dev’t Bank
Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a step towards boosting private sector access to international capital and supporting the country’s long-term economic transformation.
FG’s Electricity Debt Jumps by N800bn, Senate Raises Concern
The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month.
Economic Reforms Boost Nigeria’s Revenue to N12trn – World Bank
The Federal Government’s revenue rose by 82.4 per cent from N6.8tn in 2023 to N12.4tn in 2024, driven by the unification of the foreign exchange rates, enhanced tax administration, and reforms in treasury remittances, the World Bank has said.
Arewa Voters Forum Rejects Tinubu 2027 Endorsement, Cites Insecurity, Poor Governance
Arewa Voters Forum Rejects Tinubu 2027 Endorsement, Cites Insecurity, Poor Governance
A coalition of concerned northern voters under the aegis of the Arewa Voters Forum,...
FAAC: FG, States, LGs share N1.681tn for April
The Federal Government, 36 states, and 774 local government councils have shared a total of N1.681tn as Federation Account revenue for April 2025, representing a 6.5 per cent increase compared to the N1.578tn shared for March.
Headline Inflation Drops to 23.7%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March.
In Five Years, S/Arabia Performs 21,000 Eye Surgeries on Nigerians
In a powerful demonstration of medical diplomacy and humanitarian outreach, the Kingdom of Saudi Arabia has performed over 21,000 eye surgeries on Nigerian citizens in the last five years.
Nigeria First Policy to Generate N3trn Yearly – Minister
The Minister of State for Industry, Trade and Investment, John Enoh on Monday said the economic value of implementing the “Nigeria First” policy is about N3 trillion annually.
FEC Approves Life Insurance for Gov’t Officials, Civil Servants
The Federal Executive Council (FEC) has approved several critical policy decisions aimed at strengthening the welfare of public servants, diversifying the economy, and addressing unemployment.
CBN Policies may Lower Inflation to 22.1%, W’Bank Says
The World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline to the Central Bank of Nigeria’s tight monetary stance.
Nigeria Records Fastest Economic Growth in 10 Years — World Bank
Nigeria’s economy grew at the fastest rate in a decade last year, the World Bank said Monday, thanks to the reforms introduced by the government, but it warned inflation remains high.
Nigeria to Receive $3bn Telecoms Equipment in June – Minister
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has disclosed that Nigeria is set to receive telecommunications equipment and fibre optic infrastructure worth $3 billion in June 2025.
Crude Oil Production Rose by 6% in April – NUPRC
The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April.
CBN Raises T-Bills Offer to N550bn – Report
The Central Bank of Nigeria (CBN) raised its total Treasury Bills Primary Market Auction offer to N550bn, up from N400bn in the previous auction. The offer covers the 91-day, 182-day, and 364-day tenors.
