Nigeria’s federal government (FG) spent N7.7 trillion on interest payments in the first half of 2026, exceeding its total revenue of N6.2 trillion by N1.5 trillion, according to the World Bank. In... Read more »
Shell Petroleum B.V. has signed an agreement to sell its entire interest in the Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian company. The deal will see Shell exit its... Read more »
Nigeria’s expanding access to formal financial services is increasingly being accompanied by financial stress, rising reliance on credit for basic needs and weak household resilience, according to a new survey. The 2026... Read more »
The Nigerian National Petroleum Company Limited (NNPCL) has reported a record N7.2 trillion profit after tax for the 2025 financial year, even as its revenue declined significantly amid lower crude oil prices... Read more »
A good betting or casino app depends on one basic condition: reliable access. For Nigerian users, improving connectivity is creating a stronger environment for mobile gaming platforms, while rising digital interest gives... Read more »
The proposed transfer of MAFAB Communications’ spectrum assets to MTN Nigeria is drawing renewed attention to how the value of one of Nigeria’s scarce telecommunications resources will be determined and disclosed. MAFAB... Read more »
Nigeria’s electricity distribution companies (Discos) recorded a N128.41 billion gap between the value of electricity supplied to their networks and the revenue they collected from customers in July 2026, underscoring persistent financial... Read more »
The Dangote Petroleum Refinery ended August 2026 with 360.4 million litres of Premium Motor Spirit (PMS) in stock, even as Nigeria continued to import petrol during the month, according to data from... Read more »
Fresh concerns have emerged over the ownership and control of Fidelity Bank Plc, following allegations by some shareholders that former Anambra State Governor and 2027 presidential candidate, Peter Obi, is seeking to... Read more »
MultiChoice, operator of DStv and GOtv, has unveiled plans to introduce refreshed subscription packages to give customers more choice, value and control over their viewing experience. The company disclosed this in a... Read more »
Dangote Petroleum Refinery has increased the price of petrol sold to bulk buyers at its gantry to N1,350 per litre, marking the facility’s latest price adjustment in less than a month. The... Read more »
Nigeria’s gas-flaring crisis is taking on a new economic dimension as the country continues to burn hundreds of billions of cubic feet of natural gas despite collecting more than N521 billion in... Read more »
Betting apps sit at the center of this shift, not because they invented fan interest, but because they gave it somewhere to go. A supporter watching a Premier League fixture from a... Read more »
Nigerian businesses that rely heavily on WhatsApp to communicate with customers may face increased operating costs from October as Meta prepares to introduce charges for certain messages sent through the WhatsApp Business... Read more »
Enugu Air has officially joined the African Airlines Association (AFRAA), becoming the 50th member of the continental aviation body. The development marks a significant milestone for the Nigerian airline, which has rapidly... Read more »
The Dangote Petroleum Refinery and Petrochemicals, DPRP, has explained why it increased petrol export volume, which does not stop its capacity to meet local demands. Dangote Refinery, in a statement yesterday, expressed... Read more »
Dangote Petroleum Refinery and Petrochemicals FZE has raised the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026. In a notice sent to customers... Read more »
Billionaire businessman Tony Elumelu has highlighted what he described as major improvements in Nigeria’s oil and foreign exchange sectors, saying reforms in both areas could significantly strengthen the country’s economy if the... Read more »
Five years after the Petroleum Industry Act (PIA) restored greater regulatory certainty to Nigeria’s oil and gas industry, stakeholders said the Federal Government has not converted the investment confidence created by the... Read more »
A total of 53.7 million barrels of crude oil were supplied to local refiners between April and June, Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, (NUPRC) , Mrs. Oritsemeyiwa Eyesan, has said... Read more »
