Former President Goodluck Jonathan has said that the Western oil companies that discovered crude oil in Nigeria failed to develop the country because they did not transfer technical knowledge or …
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EAAIF secures $325m for infrastructure expansion
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a private infrastructure group managed by Ninety-One, has secured a fresh $325 million in debt funding to support infrastructure projects across Africa …
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Nigerians Defy Visa Hurdles as International Travel Projected to Earn More in 2025
Despite the tightening of visa requirements by countries like the United States, the United Kingdom, and several Schengen states, industry experts predict that international travel from Nigeria will generate higher …
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CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
- DevelopmentEconomyGOVERNMENTInfrastructurePoliticsTransportation & Logisitics
FCT Proposes N137 Billion for Satellite Towns in 2025 Budget as Wike Unveils N1.29 Trillion Capital Plan
The Federal Capital Territory (FCT) Administration has proposed a total of N137 billion as capital expenditure for the Satellite Towns Development Department (STDD) in the 2025 statutory budget, reflecting a …
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Nigerian Exchange Slips by N274bn as Sell-offs Hit Market
The Nigerian stock market ended Thursday on a negative note as widespread sell pressure among mid- and large-cap stocks caused investors to lose about N274 billion in market value. This …
- EconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeria
Federal Government Plans to Raise N300bn from Bond Market on May 26
The Federal Government of Nigeria has announced plans to raise N300 billion from the bond market through an auction scheduled for Sunday, May 26, 2025. The move is part of …
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Tinubu Charges New NNPC Board to Drive Economic Transformation, Boost Oil Output
President Bola Ahmed Tinubu has tasked the newly inaugurated board of the Nigerian National Petroleum Company Limited (NNPCL) with the critical responsibility of using their industry experience and expertise to …
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Federal Government Inaugurates New AMCON Board, Sets Timeline for Wind-Down
The Federal Government has officially inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria (AMCON), with a strong message to focus on recovering assets and begin …
- BusinessBusiness InsightsEnergyLeadershipNigeriaOil & Gas
Renaissance Africa Energy Wins Top Honour at NOGOF 2025 Awards
Renaissance Africa Energy Company Limited has been named the Nigerian Content International Upstream Operator of the Year at the 2025 Nigeria Oil and Gas Opportunity Fair (NOGOF), which was held …