FG, states, LGs share N1.969 trn in December 2025 revenue
A total sum of N1.969 trillion, December 2025 federation account revenue has been shared to the Federal Government, states and the Local Government Councils (LGs). This is according to a…
Dangote refinery expands gas deals with NNPC to secure fuel for expansion programmes
Three Dangote Group subsidiaries said on Monday they had bolstered gas supply contracts with NNPC units to support expansion plans, aligning with Nigeria’s shift toward cleaner energy and industrial growth….
Nigeria loses revenue as Bonga FPSO undergoes maintenance
Nigeria’s oil exports will fall by 225,000 barrels per day in February following the shutdown of the Bonga FPSO for scheduled turnaround maintenance. The gas output will also decline by…
Konga launches “Black Valentine” to redefine Valentine’s celebrations with huge discounts
The Valentine’s season has long been painted in hues of romantic partnership, underscored by campaigns targeting couples. This year, Konga, Nigeria’s leading composite e-commerce giant, is broadening the palette with…
Telecom: Over $1bn spent in 2025 by operators to expand coverage and capacity – EVC Maida
In 2025, the telecom sector operators spent over $1 billion in investment for the deployment of more than 2,850 new sites to expand both coverage and capacity nationwide, data announced…
African governments look to Islamic finance after Benin sukuk success
Benin’s Islamic bond sale is encouraging other African states to consider sharia-compliant financing, after robust demand highlighted the potential to diversify funding and attract a broader investor base, advisers and…
Nigerian key crude oil loadings to fall in March, programmes show
Exports of four key Nigerian crude oil grades are scheduled at 793,000 barrels per day in March, preliminary loading programmes seen by Reuters show. At that level, loadings will be…
NUPRC assures investors of transparent, competitive licensing round for 50 oil blocks
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured prospective investors of a transparent, merit-based and competitive process for Nigeria’s 2025 Oil and Gas Licensing Round. The commission said that…
Foremost entrepreneur, Otunba Adekunle Ojora, passes at 93
The family of foremost business mogul Otunba Adekunle Ojora has announced his passing. He died Wednesday morning at 93. Below is the statement: With total submission to the will of…
African nations now send more money to China than they receive in new loans
China’s role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according…