NUPRC Begins Oil Export Tracking to Enhance Transparency The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is set to enhance transparency and accountability in Nigeria’s oil and gas sector through the implementation of the Advance Cargo Declaration Solution and the Engineering Audit of Upstream...

Real Estate Now Third Largest Sector Surpassing Oil, Gas In a major shift in Nigeria’s economic landscape, real estate has now surpassed oil and gas to become the country’s third-largest sector, according to the latest data from the ongoing GDP and CPI rebasing process. This re-basing...

Experts Project 3.5% Growth for Nigeria Economy in 2025 The Nigerian economy has been projected to grow by 3.5% year-on-year (Y/Y) in 2025, an improvement from an estimated 3.2% year-on-year in 2024. This is according to the most recent NESG-Stanbic IBTC Business Confidence Monitor report, written...

Partial Power Outage as National Grid Collapses First Time in 2025 The national power grid has suffered its first major collapse of 2025, barely ten days into the New Year, leaving many parts of the country in a nationwide blackout. This incident marks the 13th collapse...

US Moves to Repatriate $53m Linked to Diezani The United States Government and the Federal Republic of Nigeria have signed a memorandum of understanding to repatriate the sum of $53 million stolen funds to Nigeria. The funds were part of funds of the Galactica asset linked...

Proposed Telecom Tariff Hike will Reduce Inflation – Expert The Chief Executive Officer of Financial Derivatives, Bismarck Rewane, has expressed support for the proposed telecom tariff hike, citing its potential to enhance productivity and moderate inflation in the economy. Speaking on Channels Television’s Business Morning on...