Nigeria is ramping up efforts to strengthen crude oil production, with the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Bashir Bayo Ojulari, projecting an incremental increase of about 100,000 barrels per day (bpd) in the coming months.

The Federal Government has inaugurated the Governing Board of the National Pension Commission (PenCom), tasking members to safeguard over ₦28tn in pension assets under the Contributory Pension Scheme.

Nigeria earned $31.54bn from crude oil exports in 2025, according to the Central Bank of Nigeria’s Balance of Payments report, marking a 14.41% decline from $36.85bn in 2024.

The European Union has announced a €288 million support package for Nigeria, targeting healthcare, agriculture, finance, migration, climate, and digital public infrastructure.

The Rural Electrification Agency (REA) has disbursed ₦3.2bn to Zanoplus for the deployment of solar mini-grid projects across Bauchi State, marking another step in its mission to expand energy access in underserved communities.

‎Nigeria’s fragile electricity supply is costing the economy as much as N10 trillion every year, the Centre for the Promotion of Private Enterprise (CPPE) has warned, raising fresh concerns over the country’s structural exposure to energy-driven inflation.