Africa needs $200bn yearly energy investment — IPPG
•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025
•Crude oil exports decline 14.41% to $31.54bn •Foreign portfolio investments down 48.3% to $8.04 •Current account surplus falls 26% By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 […]
Freight forwarders renew push for elimination of malpractices at ports
By Providence Ayanfeoluwa The National Association of Government Approved Freight Forwarders, NAGAFF has inaugurated a 16-member “Trade War Committee” to address systemic inefficiencies and exploitative practices affecting port users and logistics operators across Nigeria’s international trade ecosystem. Speaking at the inauguration, Founder of NAGAFF, Dr. Boniface Aniebonam, said that the action is in response to the […]
Gas supply falls 8.5% to 4.7 metric tonnes daily
By Mariam Eko The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas declined by 8.5 percent, on a month-on-month, MoM basis to 4.7 metric tonnes per day in February 2026 from 5.1 metric tonnes per day in December 2025. This was contained in the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Factsheet […]
SEC, NGX to review free float thresholds amid liquidity concerns
The Securities and Exchange Commission, SEC and Nigerian Exchange Limited, NGX are set to review free float thresholds for listed companies over liquidity concerns, in a bid to enhance the equities market and attract more investors. Free float refers to the proportion of a company’s shares available for public trading, excluding those held by insiders, founders […]
ACCI seeks stronger Nigeria, India ties to deepen bilateral trade
The Abuja Chamber of Commerce and Industry (ACCI) has reaffirmed its commitment to strengthening bilateral trade and deepening business collaboration between Nigeria and India. Prof. Adesoji Adesugba, First Deputy President of ACCI, stated this during a courtesy visit by an ACCI delegation to the Indian High Commission in Abuja. Adesugba, who is also the National Vice […]
