Business & Economy - Page 3

INTRODUCTION For advertising to flourish, it needs to be created and consumed by people free to embrace and celebrate their sense of humor, irreverence, intelligence and tolerance all the aspect of a free people (Grain 2011, P. 37). Advertising began from creation

International Monetary Fund (IMF) and the International Energy Agency (IEA) have released their flagship reports; the World Economic Outlook and the Oil Market Report, respectively confirming that the global economy has effectively shifted into a “War Economy” footing due to the ongoing

Ola Olukoyede, executive chairman, Economic and Financial Crimes Commission (EFCC), has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often lead to insider abuse and non-performing loans. Olukoyede issued the warning recently when he received Mufutau Olawale Abiola, chief audit executive, First

African Development Bank (AfDB) has granted a $200 million loan to support Nigeria’s flagship digital infrastructure initiative, Project BRIDGE, which is designed to expand broadband access across the country. Project BRIDGE, is  a Special Purpose Vehicle (SPV) aimed at deploying at least

Nigeria’s onshore, swamp, and shallow-water basins remain among the most technically rich and commercially attractive in Africa; it could even be argued, in the world. The momentum we are seeing around interest in marginal fields, mature assets, and brownfield redevelopment reflects a

The World Bank dropped a bombshell recommendation asking Nigeria to resume fuel imports to stabilize prices of petroleum products in the country. The Bank claims that imported petrol is currently about 12% cheaper than Dangote’s refined fuel. They estimated an “import-parity price”

As global uncertainties deepen and economic pressures mount, the Federal Government of Nigeria has announced plans to pursue cheaper funding options and strengthen international financial partnerships to stabilize the nation’s economy. The disclosure was made in a media brief issued on Monday

Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPC Ltd) remitted N1.804 trillion to the Federation Account. The NNPC’s February Monthly Report Summary attributed

Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPC Ltd) remitted N1.804 trillion to the Federation Account. The NNPC’s February Monthly Report Summary released

The  Federal Government has tasked the Dangote Sugar Refinery (DSR) to reach a production capacity of 600,000 metric tonnes (MT) per annum by 2030. The Minister of State for Industry, Sen. John Enoh, gave the charge during a visit to the company’s complex in