Business & Economy - Page 32

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

The African Development Bank Group (AfDB) has approved a 200 million dollar loan to support Nigeria’s digital infrastructure expansion and job creation efforts. This is contained in a statement released on the Bank’s website on Friday. The bank said that the loan

The Obi of Onitsha, Nnaemeka Achebe, has endorsed the expansion of financial technology solutions in Nigeria’s Southeast following a meeting with the Chief Executive Officer of Flutterwave, Olugbenga Agboola. This is contained in a statement issued by Flutterwave Media Consultant, Mr David

The Bank of England has issued a stark warning regarding a new AI model titled Claude Mythos by Anthropic. The high-level emergency meetings between the U.S. Treasury, the Federal Reserve, and top Wall Street CEOs concerning the 27-year old bug. ​Claude Mythos

Federal Government of Nigeria took a significant step in aligning political stability with fiscal health. On Thursday, April 9, Secretary to the Government of the Federation (SGF) George Akume officially reaffirmed the government’s stance that a healthy democracy is the primary driver