Nigeria’s dependence on imported petrol has grown sharply, with fresh data showing that the country sourced 69 percent of its petrol needs from foreign suppliers in June 2025. Figures from …
Nigeria
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EconomyEnergyMarketsNigeriaOil & GasPolicies
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Corporate StrategyDevelopmentEconomyEnergyGovernment PolicyIndustrial DevelopmentInfrastructureINVESTMENTNigeriaOil & Gas
New Oil Projects Could Raise Nigeria’s Output by 800,000 Barrels a Day
Nigeria’s oil industry may soon experience a major turnaround, as six new offshore projects are expected to boost the country’s crude oil output by about 800,000 barrels per day (bpd). …
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BusinessEconomyEnergyManufacturingNigeriaOil & Gas
Oilden Energies to Launch Brand, Unveil Subsidiary as It Targets Top 30 Global Lubricants Ranking by 2030
Oilden Energies Limited, one of Nigeria’s rising lubricant manufacturers, has announced that it will officially launch its brand and unveil a new subsidiary on Friday, August 15, 2025, in Lagos. …
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BankingBusinessDevelopmentEconomyEntrepreneurshipFinanceNigeriaReal EstateStartups
HQ, The Alternative Bank Partner to Provide Affordable Office Spaces for Startups Nationwide
HQ, a subsidiary of International Workplace Group (IWG), has partnered with The Alternative Bank to make modern and affordable office spaces available to startups and small businesses across Nigeria. The …
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Economic PolicyGovernanceInternational DevelopmentLeadershipNigeriaPublic Sector
Sanwo-Olu, Fashola, Experts Call for Mindset Shift to Drive Nigeria’s Development
Governor Babajide Sanwo-Olu of Lagos State, former Minister of Works, Power and Housing Babatunde Fashola, SAN, and other national stakeholders have emphasised the need for a change in the mindset …
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AfricaArts & CultureDevelopmentEconomyEntertainmentNigeria
British Council’s Film Lab Africa Showcases African Talent at ASIS 2025
The British Council’s Film Lab Africa, in partnership with Sterling One Foundation, has hosted a special film screening during the Africa Social Impact Summit (ASIS) 2025, which ended recently. The …
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BusinessCapital MarketDigital EconomyEconomyFinancial InclusionInternational RelationsLeadershipNigeria
SEC DG Emomotimi Agama Elected Vice Chairman of IOSCO Africa
The Director General of the Securities and Exchange Commission of Nigeria, Dr. Emomotimi Agama, has been elected Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organisation …
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Banking, Finance & InvestmentBusinessFinancial InclusionFintechInnovationInternational RelationsNigeriaTechnology
FirstBank Champions Inclusion and Digital Innovation at Canada-Africa Fintech Summit
FirstBank of Nigeria has reaffirmed its leadership role in driving financial inclusion and digital innovation by sponsoring the Canada-Africa Fintech Summit (CAFS) 2025. The bank said in a statement on …
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BusinessCapital MarketEnergyInfrastructureNigeriaPower SectorState News
Elektron Finance Launches N200bn Bond Programme
Elektron Finance SPV Plc, a funding vehicle fully owned by Elektron Energy Development Strategies Limited, has launched a N200bn bond issuance programme and successfully completed its debut N4.64bn Series 1 …
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BusinessCorporate Social Responsibility,DevelopmentEconomyNigeriaYouth Empowerment
Nestlé Expands Empowering Rural Women Programme to Agbara
Nestlé Nigeria has extended its flagship initiative, Nestlé Empowering Rural Women in Nigeria, to Agbara, Ogun State, welcoming 49 new female entrepreneurs into the programme. The scheme, now in its …