Nigeriaâs Gas Production Hits 1.43Tscf in First Half of 2026 as Non-Associated Gas Takes Lead
Nigeria's upstream gas sector recorded a significant milestone in the first half of 2026, with total gas production reaching 1.43...
Oyinkansola Lemo
Lagos, Turkey Move to Deepen Economic Partnership, Expand Trade and Investment
Lagos State has reaffirmed its commitment to deepening economic and trade relations with the Republic of Turkey, as both sides...
Middle East Tensions Push Brent Crude Above $90 per Barrel, Raising Global Inflation Fears
Global oil prices climbed above $90 per barrel on Monday as escalating military tensions between the United States and Iran...
Federal Government to Issue N729 Billion Bond to Clear Power Sector Debts
The Federal Government is set to issue a second bond valued at approximately N729 billion to electricity generation companies (GenCos)...
Nigeria’s Cooking Gas Imports Soar 1,400% as Domestic Supply Declines
Nigeria's dependence on imported Liquefied Petroleum Gas (LPG), commonly known as cooking gas, increased dramatically in June 2026 as domestic...
FG Denies Plan to Ban Raw Cocoa Exports, Prioritises Local Processing
The Federal Government has dismissed reports suggesting it plans to ban the export of raw cocoa beans, clarifying that its...
NAICOM Rules Out Extension of July 31 Recapitalisation Deadline for Insurance Companies
The National Insurance Commission (NAICOM) has reaffirmed that it will not extend the July 31, 2026 deadline for the ongoing...
Tinubu Signs Executive Order to Strengthen Regulation of Virtual Assets in Nigeria
President Bola Ahmed Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, introducing a unified regulatory framework...
States Receive N2.37 Trillion VAT Revenue in Six Months as Allocation Rises by 23.5%
Nigeria's 36 state governments received a combined N2.37 trillion from Value Added Tax (VAT) allocations during the first six months...
Nigeria’s Petrol Imports Surge 207% in June Despite Stronger Local Refining Capacity
Nigeria's dependence on imported Premium Motor Spirit (PMS), commonly known as petrol, rose sharply in June 2026 despite growing contributions...