President Bola Tinubu has directed that the proposed National Gas Infrastructure Command Centre (NGCC) be financed entirely through private investment under a Public-Private Partnership (PPP) framework.

The African Development Bank (AfDB) has approved a €6.5 million investment in the Saviu II fund to support technology start-ups in Francophone West and Central Africa.

Global oil prices spiked yesterday as Brent crude hit $82 per barrel and WTI sold at $70.91, following attacks on ships near the Strait of Hormuz. Analysts warned that if tensions persist, prices could soar above $100.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has renewed calls for Nigeria to strengthen its domestic refineries, citing the escalating Middle East crisis and its impact on global oil markets.

The Nigerian Communications Commission (NCC) has proposed a regulatory amendment requiring telecom operators to provide subscribers with a minimum of 14 days’ notice before deactivating SIM cards due to inactivity or post-paid churn.

Nigeria’s net foreign exchange reserves have surged by an extraordinary 772 per cent in just two years, rising from $3.99 billion at the end of 2023 to $34.80 billion by December 2025, Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed.

Remittance of Oil Revenues to FAAC - Edun

‎Saudi Arabia and global markets are entering a new phase of economic uncertainty as the ongoing crisis involving Iran sends shockwaves through the world’s energy markets, trading floors and supply chains. Analysts warn the disruption could mark one of the most significant tests of global oil stability in years.

The Nigerian equities market lost ₦1.4 trillion last week, reversing earlier gains as bearish sentiment dominated four of five trading sessions.  

OPEC+ has agreed to raise oil output by 547,000 barrels per day in September 2026, as escalating conflict in the Gulf threatens to push crude prices higher.

The Federal Airports Authority of Nigeria (FAAN) has announced flight cancellations and delays to Middle East destinations due to airspace closures.

In 2025, approximately 14.66% of Nigeria’s total crude oil production was swallowed by the servicing of crude-backed loan facilities.