Business
Damilare Asimiyu: Nigeria Must Increase Oil Production To Fully Optimise Its Reserves
Head of Research, FSDH Group, Damilare Asimiyu, says Nigeria must significantly increase oil production to fully optimise its crude reserves and maximise the sector’s economic benefits. Speaking during an interview
Dangote Refinery Drives Nigeria’s Oil Refining Growth To 43.94% In Q2 2026
Dangote Petroleum Refinery’s rising output has driven Nigeria’s oil refining sector to a 43.94 per cent year-on-year growth in the second quarter of 2026, marking its strongest quarterly performance. The
Banks’ borrowing drops 89% to N126bn
Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting
IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount
By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose
Electricity subsidy bill hits N1.92trn in 2025 — NERC
By ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity
Nigeria’s GDP rises 4.4% as oil sector rebounds
By Elizabeth Adegbesan The National Bureau of Statistics (NBS), yesterday, said that the Nigerian economy expanded in real terms by 4.43 percent year-on-year, YoY, in the second quarter of 2026,
As GDP Growth Hits 4.43%, Tinubu Vows to Turn Recovery into Household Prosperity
• Declares economic expansion signals end of economic stabilisation phase •Services accounted 56.62%, agriculture 26.15%, industries 17.23 amid manufacturing contraction •Oil accounted for 4.16% as production increases to 1.72 mbpd
TCN Unveils Load, Outage Analytics Platform for Grid Reliability
Stories by Emmanuel Addeh in Abuja The Transmission Company of Nigeria (TCN), through its operations department, has held a technical presentation and live demonstration of a new Load & Outage
Pi-CNG Backs Tinubu, Govs’ Push to Cut Transport Fares with CNG
The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) has welcomed moves by President Bola Tinubu and state governors to ensure that the lower cost of
FG Hands Over 188 Housing Units to Taraba
The federal government has officially handed over 188 housing units to the Taraba State Government in Jalingo, as part of its renewed commitment to providing access, increasing affordability and bridging
