FEC approves 2026–2028 MTEF, targets N34.3trn revenue
Dec. 3, 2025 The Federal Executive Council (FEC) on Wednesday approved the 2026–2028 Medium-Term Expenditure Framework (MTEF), outlining revenue projections, fiscal assumptions and spending priorities for the next three years….
Developing Countries’ Debt Outflows Hit 50-Year High During 2022-2024
December 3, 2025 Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap…
CBN raises cash withdrawal limit; makes other changes
The Central Bank of Nigeria (CBN) has removed the limit on cash deposits and raised the weekly cash withdrawal limit across all channels to N500,000, up from N100,000. This is…
OPEC+ members to undergo annual oil capacity audit under new plan, sources say
December 3, 2025 OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group…
FG deepens efforts toward making Nigeria Africa aviation hub
Dec 3, 2025 Mr. Festus Keyamo, the Minister of Aviation and Aerospace Development, says the Federal Government is intensifying efforts toward making Nigeria Africa aviation hub. Keyamo said this on…
Nigeria’s GDP grew by 3.98% in Q3 2025- NBS
Dec.1, 2025 The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) rate in real terms grew by 3.98 per cent in the third quarter of 2025 on…
Nigeria’s public debt stock hits N152.39trn in Q2 2025 – NBS
Dec. 1, 2025 Nigeria’s public debt stock increased from N149.38 trillion (97.23 billion dollars) in the first quarter of 2025 to N152.39 trillion (99.65 billion dollars) in the second quarter…
NUPRC opens licensing round portal, targets $10bn investments
Dec. 1, 2025 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the official commencement of the Nigeria 2025 Licensing Round, marking another major step in the Federal Government’s drive…
Africa’s Demand for Refined Products to Surge into 2050
December 1, 2025 By NJ Ayuk Africa stands at a crossroads in the flow of global energy dynamics — a pivotal moment where the continent can leverage its abundant fossil…
Oborevwori woos investors, says best time to invest in Delta is now
Delta State Governor, Rt. Hon. Sheriff Oborevwori, has called on investors particularly Deltans at home and in the Diaspora to take advantage of the state’s steadily improving socio-economic climate to…