Economy
-
Nigeria can increase crude production by 100,000 bpd in coming months, says Ojulari
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC Ltd), Bashir Bayo Ojulari. Has disclosed that Nigeria could increase its crude oil production by about 100,000 barrels per day (bpd) over the next few months. The disclosure was made during an interview with Reuters on the sidelines of the CERAWeek by S&P Global conference in Houston. The planned…
Read More » -
Nigeria’s earning from crude oil export drops by 14.4% to $31.54bn in 2025, says CBN
The Central Bank of Nigeria (CBN) has revealed that Nigeria generated $31.54 billion from crude oil exports in 2025, about 14.4 per cent drop from $36.85 billion recorded in 2024. The decline reflects weaker oil receipts even as broader external trade indicators showed mixed performance. The data was obtained from the Balance of Payments (BOP) report for 2025, which highlights…
Read More » -
CBN targets 9% inflation rate in medium-term objectives
The Central Bank of Nigeria (CBN) says it is working to bring inflation down to a single-digit range of between six per cent to nine per cent as part of its medium-term objectives in efforts to transition to an inflation-targeting monetary The deputy governor in charge of economic policy, Muhammad Sani Abdullah in a statement said “The transition to…
Read More » -
Foreign reserves slip to $49.83bn
Amid increase in global crude oil prices, the nation’s foreign reserves have dropped to $49.83billion as of March 17, 2026 from $50.01 billion a week ago. This is according to data by the Central Bank of Nigeria (CBN) The global oil is heading for a fifth straight weekly gain, with Brent near $109, as the Strait of Hormuz remains shut…
Read More » -
SEC, NYSC sign MoU on community development service group
The Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have signed a Memorandum of Understanding (MoU) on a Community Development Service Group in the NYSC scheme to educate corps members on the risks of fraudulent investment schemes and nurture in them good habits for legitimate investment deals globally. Specifically, the MoU, which was recently signed by…
Read More » -
Alake advocates energy hubs to strengthen Africa’s mineral supply chain
The Minister of Solid Minerals Development, Dele Alake, has called on the United States and African nations to prioritise the establishment of regional energy hubs to strengthen Africa’s mineral supply chain and accelerate cross-border mining industrialisation. Alake made the call while speaking at a high-level panel titled “Critical Minerals in Africa: Meeting Global Demand” at the ongoing Powering Africa Summit…
Read More » -
NITDA unveils digital push to unlock Nigeria’s creative economy
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to advancing Nigeria’s creative and arts industry through targeted digital initiatives, enabling regulations, and strategic infrastructure development aimed at unlocking the sector’s full economic potential. Speaking at Moment 2026, Africa’s largest convergence of creators, NITDA Director-General, Kashifu Inuwa CCIE, said the agency is focused on building a technology-driven ecosystem…
Read More » -
Access Bank, King’s Trust International partner to advance youth opportunity across Africa
Access Bank Plc and King’s Trust International (KTI) have formally signed a strategic partnership agreement to expand opportunity, entrepreneurship and sustainable livelihoods for young people across Africa. The partnership agreement was signed by Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc, for Access Bank, and Will Straw, CBE, Chief Executive Officer of King’s Trust International, on behalf of KTI.…
Read More » -
BREAKING: Dangote Refinery raises petrol prices to N1,245 amid global market pressures
Dangote Petroleum Refinery has announced an increase in the ex-depot price of Premium Motor Spirit (petrol), citing escalating global geopolitical tensions as the driving factor. In a notice to petroleum marketers on Friday, the refinery confirmed that the ex-depot (gantry) price of petrol has been raised from N1,175 per litre to N1,245 per litre, while the coastal price increased from…
Read More » -
Nigeria still attractive to investors despite security challenges — Braimah
Nigeria is attracting growing investor interest despite ongoing security challenges, Ehi Braimah, publisher and Editor-in-Chief of NaijaTimes, has said. Braimah stated this during a recent interview on Sunrise Daily, where he reviewed the outcomes of President Bola Ahmed Tinubu’s recent state visit to the United Kingdom, noting that the trip focused on economic partnerships and investment mobilisation. He identified a…
Read More »
Follow our WhatsApp Channel