FG targets additional 300,000bpd oil production with 2026 bid round
•Offers 37 blocks to investors, targets 500m barrels reserve addition Why 13 blocks returned to basket, NUPRC By Udeme Akpan & Obas Esiedesa The Federal Government yesterday said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day (bpd) of crude oil and condensate production within three years Speaking at the […]
Declining manufacturing tax signals weakening industrial activity — Oye
By Yinka Kolawole The Alliance for Economic Research and Ethics (AERE) has warned that the decline in manufacturing tax revenue in the first quarter of 2026 reflects weakening industrial activity, urging the Federal Government and the Central Bank of Nigeria (CBN) to implement far-reaching reforms to revive the productive sector. In a policy brief, Chairman of […]
NACCIMA, China seal pact to boost manufacturing investment in Nigeria
By Yinka Kolawole The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has signed a tripartite Memorandum of Understanding (MoU) with China’s Linyi Wholesalers Federation and TTC Hydra Limited to strengthen bilateral trade and attract new Chinese investments into Nigeria’s manufacturing and infrastructure sectors. The agreement, signed at the NACCIMA Infrastructure Conference (INFRACON […]
Stakeholders differ on CBN’s withdrawal from manufacturers’ intervention fund
By Yinka Kolawole Industry stakeholders have expressed divergent views on the Central Bank of Nigeria’s (CBN) withdrawal from direct intervention financing of the manufacturing sector. Director General of Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, said CBN’s exit has left manufacturers heavily dependent on commercial banks that are not structured to provide long-term industrial […]
Future-ready skills will define Nigeria’s next economic leap — JMG
By Sebastine Obasi JMG, an integrated electro-mechanical solutions company, has called for stronger collaboration between government, industries, and educational institutions to equip young Nigerians with future-ready skills that will drive innovation, enhance employability, and accelerate sustainable economic growth. The call comes in commemoration of World Youth Skills Day 2026, celebrated annually, which highlights the importance of […]
UBA Business Series: Investors identify Africa’s next billion-dollar opportunities
Panelists at the just concluded UBA Business Series have indicated that financial inclusion, the creative economy, sports, and small and medium enterprises (SMEs) are the sectors most likely to produce Africa’s next billion-dollar companies. The United Bank for Africa (UBA) Plc, hosted its quarterly business series, bringing together entrepreneurs, investors, innovators and business leaders to explore […]
