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President Bola Tinubu has pledged to focus on creating a stronger investment-driven economy. He emphasized the importance of collaboration with state governments to achieve this goal.
With a condensate production of 170,446 bpd included, the commission put Nigeria’s average total hydrocarbon output at 1.7 million bpd. The post Nigeria surpasses OPEC oil quota as production hits 15-month high appeared first on Premium Times Nigeria.
Nigeria's oil production increased by 2.2% in May, reaching 1.70 million barrels per day. This marks the first time the country's output has surpassed its OPEC quota since 2026.
Nigeria has exceeded its crude oil production quota set by the Organisation of Petroleum Exporting Countries (OPEC) for the first read more Nigeria crude output hits 1.53mbpd, ends 10-month OPEC quota drought
S&P Global said food prices could soar more sharply in the months ahead as higher fertiliser and transportation costs pile pressure on global supply chains. The post S&P Global flags food prices as potential driver of inflation across emerging markets appeared first on Pr...
Nigeria’s crude oil production surpassed its OPEC quota in May 2026, reaching a 15-month high. This boost in Nigeria oil production strengthens its positio
Dangote Petroleum Refinery & Petrochemicals FZE has launched a $1 billion private placement at a per-share price of $0.35, staking read more Dangote values refinery at $39.1bn, eyes $1bn in private placement
… Says Holdcos to maintain 51% equity stake in each subsidiary The Central Bank of Nigeria (CBN) has proposed a read more CBN proposes overhaul of Holding Company rules, tightens oversight
Insufficient methane regulations in Nigeria are harming the economy and increasing health risks. Reports indicate dangerously high methane levels in Rivers State, highlighting the urgent need for stronger enforcement.
The Central Bank of Nigeria has launched an updated Foreign Exchange Manual aimed at improving dollar liquidity and market confidence. This initiative is set to take effect on June 1, enhancing FX transparency in the country.
Africa’s Mergers and Acquisitions (M&A) market started the year with its strongest first quarter in four years, as investors poured read more The biggest deals behind Africa’s strongest quarter in four years
…Points pathway to market entry and growth Nigerian companies don’t fail because they lack ambition. They fail because they enter read more New Book ‘BeachHead’ exposes why Nigerian businesses lose in new markets
A report indicates that late President Muhammadu Buhari is the largest borrower, surpassing Bola Tinubu. This revelation comes amid ongoing discussions about the borrowing practices of the current administration.
The European Central Bank has raised its inflation forecast for 2023 to 3% amid ongoing economic challenges. This marks the first rate hike since 2023, aimed at addressing inflationary pressures linked to the Iran conflict.
The Nigerian government has urged ENI to expedite the Final Investment Decisions for the $20 billion Zabazaba and Bonga projects. This initiative aims to enhance economic benefits and opportunities for Nigerians.
Adeniyi said the Service remains committed to tackling smuggling through strategic enforcement, intelligence gathering, and stakeholder collaboration. The post Customs Intensifies Crackdown On Vegetable Oil Smuggling appeared first on Channels Television.
Ghana’s economy expanded at a faster pace in the first quarter of 2026, offering fresh evidence that the West African read more Ghana’s economy grows 6.4% in first quarter as recovery gathers pace
The platform will support the Service’s transition to Tax Administration 3.0 by improving service delivery, strengthening compliance management, enhancing transparency, and simplifying taxpayer interactions. The post NRS Launches Rev360 To Identify Tax Defaulters, Ease Complian...
Ogun State Police foil a kidnap plot targeting a Chinese national, arresting two suspects involved in a planned ₦50 million ransom operation.
The Naira to Dollar exchange rate shows reduced volatility due to sustained liquidity and improved market confidence. Analysts believe these factors are contributing positively to the currency's stability.
OPEC's production levels have dropped to their lowest since 2000, with a decrease of 1.06 million barrels per day. This decline raises concerns about the impact on global oil markets and economies dependent on oil revenues.
The Ogun State Police Command has foiled a planned kidnapping of a Chinese national and arrested two suspected conspirators allegedly involved in a plot to demand a ransom of N50 million from the victim. The post Police foil plot to kidnap Chinese national in Ogun appeared first ...
The European Central Bank is expected to raise interest rates in response to rising inflation linked to the conflict in Iran. Investors are keenly awaiting insights from ECB President Christine Lagarde's upcoming press conference.
Nigerian investors are feeling the impact of rising oil prices and falling stock values due to global concerns over the Iran conflict and interest rates. The situation reflects broader economic uncertainties that may affect local markets.
The naira's performance against the dollar has improved due to better liquidity in the official market. Monetary authorities are actively working to maintain stability in the foreign exchange sector.
The Nigerian Shippers’ Council links renewed traffic congestion in Apapa to global supply chain disruptions caused by the Middle East crisis. This situation is affecting operations along the port corridor.
The AfCFTA aims to significantly enhance intra-African trade, targeting a boost of $250 billion. Secretary-General Wamkele Mene praised Lagos for its industrial and digital transformation efforts.
A significant portion of pension scheme participants are young workers, with those under 30 years old making up 39.03% of new contributors in Q4'25. This trend highlights the growing engagement of younger employees in retirement planning.
The Naira has appreciated slightly to N1,400 per dollar in the parallel market, improving from N1,410. This fluctuation reflects ongoing volatility in Nigeria's currency exchange rates.
The Nigerian Senate has approved the Factoring Assignment and Receivables Financing Bill, 2026, aiming to tap into the $50 billion MSME factoring market in Africa. This legislation is expected to significantly enhance Nigeria's share in the continental market, which is currently below 1%.