Africa faces $90 billion debt wall in 2026 – S&P Global Ratings says
S&P Global Ratings has cautioned that African governments face rising debt risks as hard-currency repayment schedules in 2026 increase pressure on external buffers, contributing to rollover risks. The agency’s latest…
FG cleared 28 new oil field plans worth $18.2bn in 2025
Nigeria approved 28 new Field Development Plans (FDPs) valued at N18.2 billion dollars, with an estimated reserve potential of 1.4 billion barrels in 2025 alone, the Federal Government has said….
Five smart ways to identify quality palm oil, by Libby Offem-Oke
Many people do associate thicker palm oil with higher quality, and historically, that belief didn’t come from nowhere. Traditionally, for some people naturally thick palm oil often meant the…
Food prices ease in November 2025 – NBS
The National Bureau of Statistics (NBS) says prices of major food items, including rice, beans, garri, tomatoes and onions, fell slightly in November 2025. The NBS disclosed this in its…
Fintech: About 11 billion transactions processed in 2024 – CBN
…Targets achieving near-universal e-payment penetration by 2030 The Central Bank of Nigeria, CBN says over 25% of all electronic transactions in Nigeria are processed via real-time payment channels and through…
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…