Nigeria’s ongoing economic reforms have attracted over $8 billion in new investments into the energy sector, reflecting growing international confidence in the country’s reform-driven growth agenda. Ministry of Finance disclosed this in a statement on Saturday on the happenings at the ongoing IMF/World Bank meetings in Washington DC. According to the statement, Governor of the…
The federal government, in 2024, called for increased investments and trading partnerships from member countries of the G-24. Come November 1, 2025, Nigeria will officially take over chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina. This was disclosed in a post by the Central Bank of Nigeria on its official X handle on…
The Independent Petroleum Marketers Association of Nigeria has asked the Nigerian National Petroleum Company Limited to pay the long-held petroleum equalisation funds owed to its members. The marketers also urged the NNPC Group Chief Executive Officer, Bayo Ojulari, to clear the loading tickets of its members by supplying them with the petroleum products they paid…
The Nigeria Union of Petroleum and Natural Gas Workers has insisted it is embarking on strike action on Monday, September 8, 2025, accusing management of Dangote Refinery of attempting to bring back slavery into Nigeria’s workforce. The union made this known in a statement by its President and General Secretary, Williams Akporeha and Afolabi Olufemi….
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for Marine and Offshore Technology Development (CMOTD), Rivers State University (RSU). This was contained in a statement by the GM…
The Nigerian National Petroleum Company Limited says it generated a total revenue of N4.571tn in June 2025, sustaining its upward earnings momentum as crude oil and gas production recorded notable increases, the latest data from the national oil company has revealed. This is part of the NNPC Limited Monthly Report Summary for June released on…
BRICS member China is negotiating a new economic deal with 53 African countries that will eliminate all tariffs and give special market access. The latest development could significantly benefit all the least developed countries (LDCs) in Africa and boost their respective economies. “China is ready to welcome quality products from Africa to the Chinese market”,…
The House of Representatives has invited the Minister of Finance, Wale Edun and Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso to appear before it on Monday over alleged internal control weaknesses in the 2021 Auditor General’s reports and non-compliance with the provisions of Fiscal Responsibility Act, 2007. The House joint committee…
The United States and other countries are interested in the Nigeria-Morocco Gas Pipeline Project The Minister of Finance and the Coordinating Minister for the Economy, Wale Edun made this known while detailing the outcome of the ministry’s bilateral engagement at the just concluded 2025 spring meeting of the lnternational Monetary Fund and World Bank Group…
Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has declared the country’s electricity sector open for investment at the ongoing #Mission300 African Energy Summit in Dar es Salaam, Tanzania. Addressing selected investors and development partners, Edun highlighted Nigeria’s electricity sector as a prime opportunity for investment. He emphasised the nation’s commitment…
