Economy exits contraction but households remain pessimistic — CBN
•As PMI rebounds to 50.1pts •Business confidence moderates to 7.2pts •Households shun houses, cars, investments •Food remains top spending priority By Babajide Komolafe Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the agriculture sector despite continued weakness […]
2027: Resolving Nigeria’s electoral ambiguity
As Nigeria edges towards the 2027 general elections, one institution must answer for the uncertainty hanging over the country’s electoral process: the Senate of the Federal Republic of Nigeria. The confusion surrounding the use of the Bimodal Voter Accreditation System, BVAS, and real-time transmission of election results did not arise by accident. It was legislated […]
Crude oil nears $70 as US-Iran tensions rattle market
By Udeme Akpan Crude oil prices climbed toward $70 per barrel, up from $67 last week, as rising tensions between the United States and Iran heightened fears of supply disruptions. The rally followed the collapse of nuclear talks in Oman, which failed to bridge differences between both countries. Market sentiment was further jolted after the US […]
FG woos global investors to invest in 50 oil blocks under 2025 licensing round
By Udeme Akpan The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged global investors to capitalise on opportunities in Nigeria’s 2025 licensing round, offering 50 oil and gas blocks across diverse terrains. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, made the call on Tuesday at the opening of the 10th anniversary of […]
AstraZeneca profit jumps as cancer drug sales grow
British pharmaceutical giant AstraZeneca said Tuesday that its net profit jumped 45 percent last year on strong sales of cancer drugs, as it expands its reach in the United States and China.
Oil industry contracting: NCDMB issues NCEC guidance notes, rules out transfer of certificate
By Udeme Akpan Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian Content Development and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from December 2025. The document which is available on the Board’s website […]
