Nigeria overtakes U.S. as Europe’s top jet fuel supplier
NIGERIA has become Europe’s largest external supplier of jet fuel, exporting around 466,000 metric tonnes in June, primarily due to…
FG pays N39bn pension liabilities to retirees
The Federal Government has announced the payment of more than N39 billion in inherited pension liabilities owed to thousands of…
Malaysia set to boost Nigeria’s palm oil production capacity
The Malaysian Palm Oil Council (MPOC) has promised to partner Nigeria to bridge its palm oil demand-supply gap and boost…
Financial institutions raise total VAT collections by 30.6% to N11.03trn
Banks, insurance companies, Pension Funds Administrators and other financial institutions in Nigeria contributed N534.72 billion to the total sum of…
NNPC begins evaluation of Chinese partnership to revive Port Harcourt and Warri Refineries
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its recently signed Memorandum of Understanding (MoU) with two Chinese companies…
FG denies ₦8tn off-budget spending claim, says IMF comment misrepresented
The Federal Government has dismissed claims that it spent about two per cent of Nigeria’s Gross Domestic Product (GDP)—estimated at…
IMF joins backlash against ‘opaque’ debt with Nigeria crackdown
A backlash against governments using derivatives to borrow against their debt is gathering strength, after the International Monetary Fund (IMF)…
OPEC+ raises August oil output target by 188,000 bpd as Middle East conflict eases
OPEC+ on Sunday agreed to raise its collective oil production target by a further 188,000 barrels per day (bpd) from…
NGX foreign participation dips to 9.5%, lowest in 2026
Foreign investor participation on the Nigerian Exchange (NGX) declined to its lowest level in 2026 in May, despite total market…
Push for Stronger Government-Private Sector Partnership to Boost Nigeria’s Aviation Industry
CHIEF Executive Officer of Aero Contractors Captain Ado Sanusi has emphasized the need for stronger collaboration between the Federal Government…