Nigeria Records 1.37 TCF Gas Output in H1, Says NUPRC The Nigerian Upstream Petroleum Regulatory Commission says Nigeria produced about 1.37 trillion standard cubic feet of natural gas between January and June 2025. The report showed that gas production averaged 229 billion scf monthly, with January recording the highest output of 236.3 billion scf, while

Ojulari Defends NNPCL, Says Refineries Will Work Again Despite Doubts The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has shown strong determination that the government-owned Port Harcourt, Warri, and Kaduna refineries will work again. Contrary to the views of the President of the Dangote Group, Alhaji Aliko Dangote, that

Reps Probe N2.6tn Discos Power Sector Debt The House of Representatives Public Accounts Committee has summoned 11 electricity distribution companies to appear before it over alleged failure to pay an outstanding debt of N2.6tn owed to the government through the Nigerian Bulk Electricity Trading Company. The resolution was reached on Wednesday during an investigative hearing

Sage Grey Finance Limited, a regulated financial institution with a strong track record in lending, investments, fund management and strategic advisory services, has appointed Mrs. Egbichi Akinsanya as an Independent Non-Executive Director. The appointment, which has been approved by the Central Bank of Nigeria, became effective on July 3, 2025. Egbichi Akinsanya joins the Board

FG Projects $200bn Revenue from Lekki Port – Oyetola The Minister of Blue and Marine Economy, Mr Adegboyega Oyetola, has announced that the Lekki Port is projected to generate $200bn in revenue for the government over its 45-year concession period. In a statement on Wednesday, Oyetola made this declaration in Lagos during a breakfast meeting

The silent streets syndrome Every Monday morning, an eerie silence blankets Nigeria's Southeast—a region historically renowned for its bustling commerce and entrepreneurial vigour. From Onitsha's sprawling markets to Aba's manufacturing hubs, what should be the week's most productive hours are surrendered to an enforced quietude that has become one of Africa's most economically destructive forms

When I first entered tech, one thing was obvious: Nigeria has no shortage of talent. I’ve met engineers who can build anything – apps, platforms, entire systems that could rival the best in Silicon Valley. Many of them work remotely, earning well, solving problems for companies thousands of miles away. And yet, there’s one thing

Over the past decade, Nigeria’s trust services industry has quietly transformed from a niche segment into a critical pillar of wealth management and corporate finance. Rising financial literacy, stronger regulation, and a growing appetite for structured estate planning have reshaped the sector, creating new opportunities for both individuals and institutions. “Nigeria’s expanding capital markets and

Artificial Intelligence (AI) has positioned itself so seamlessly into everyday life that many hardly notice its presence. From drafting emails to suggesting the fastest route home, AI has become an invisible partner, celebrated for saving time and enhancing productivity. Yet, behind this convenience lies a critical question: when does assistance slip into dependence? The rise

Nigeria’s manufacturers paid more in value-added tax (VAT) in 2024 than at any time in the past five years, even as the sector’s output in terms of net value shrank to its lowest in 15 years, according to data compiled by BusinessDay. The surge, driven by rising input costs, higher prices, and tighter tax enforcement

…Cadbury, Unilever, NASCON join list of payers MTN Nigeria, Nigerian Breweries and Guinness Nigeria are on track to resume dividend payments by the end of 2025 as pressure eases after years of balance sheet strain. Cadbury Nigeria Plc and Nascon Allied Industries are also among the firms likely to pay dividends by the end of

The Central Bank of Nigeria (CBN) is expected to begin a gradual easing of its Monetary Policy Rate (MPR) at its next Monetary Policy Committee (MPC) meeting in September, following a continued slowdown in inflation. The likely rate cut is seeing lowering foreign dollar inflows into Nigeria. Nigeria’s inflation rate eased further to 21.88 percent