NNPC records N481bn profit, N4.971trn revenue in April
The Nigerian National Petroleum Company Limited (NNPCL), has recorded N481 billion Profit After Tax (PAT) for April 2026. The development represented a sharp jump from the N276 billion posted in…
Why Big Tech Could Become Nigeria’s New Gas Partner
The global artificial intelligence race is rapidly becoming an energy race. As companies like Microsoft, Amazon, Google and Oracle expand hyper scale data centers to support AI workloads, electricity has…
Africa can save $299bn through efficient public spending — Report
Africa can save about 299 billion dollars annually through more efficient public spending. The African Development Bank (AfDB) said this in its 2026 African Economic Outlook released during the banks…
Nigeria, Egypt, South Africa dominate Africa’s equity markets — Report
Nigeria, Egypt, Morocco and South Africa continue to dominate Africa’s equity markets, according to the 2026 African Economic Outlook released by the African Development Bank (AfDB). The report said Africa’s…
Economy and inflation management, by Arize Nwobu
One of the hallmarks of an unhealthy economy is a fast rising inflation rate which erodes purchasing power and disrupts the economic well-being of its citizens, and central banks across…
Lagos Hits Historic Fiscal Milestone as Tax Revenue Crosses N1 Trillion Mark
The Lagos State Internal Revenue Service (LIRS) has hit a historic milestone, crossing the one-trillion-naira tax revenue threshold for the first time as the state’s aggressive digital transformation drives unprecedented…
NNPC accuses Dangote refinery of seeking fuel monopoly in court filing
Nigeria’s state oil firm NNPC has accused Dangote Petroleum Refinery of seeking to restrict competition and expose the country’s fuel market to monopoly control by challenging import licences issued to…
Meta platforms contribute $820m annually to Nigeria’s economy
Meta says its digital platforms contribute an estimated 820 million dollars annually to Nigeria’s economy while helping millions of businesses expand customer reach nationwide. The company disclosed this in a…
Lagos ports receive 10 vessels, expects 33 more
At least 10 ships have berthed at Lagos ports, awaiting discharge of petroleum products and others cargoes. The vessels are currently at Lekki, Tin Can Island and Apapa ports, handling…
Court grants Malabu Oil Company permission for judicial review in suit against FG
The Federal High Court in Abuja on Thursday granted leave to Malabu Oil & Gas Ltd to apply for a judicial review by way of declarations and injunctions against the…