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Nigeria’s oil output drops 8.3% to 1.544m bpd

By Udeme Akpan, Energy Editor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released […]

62.5% rise in electricity sector debt threatens FG’s N1.2trn bond

By Obas Esiedesa Efforts by the Federal Government (FG) to address debts owed electricity generation companies (GenCos) may be facing increasing challenges as the debt burden rose 62.5% to N6.5 trillion at end 2025, up from N4trillion recorded at the beginning of the year. The government had flagged off the funding program through the issuance of N590 billion […]

Europe hits back at Trump’s tariff threat over Greenland

By Nkiruka Nnorom, with agency reports European leaders yesterday slammed US President Donald Trump’s threat of tariffs over their opposition to his designs on Greenland, warning transatlantic ties were at risk. Several European countries — including Denmark, of which Greenland is an autonomous territory — emphasised they “stand united” against Trump’s vow on Saturday to […]

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