Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
FG demands concrete action from IOCs to boost oil production
By Obas Esiedesa, Abuja The Federal Government (FG), yesterday, urged International Oil Companies (IOCs) operating in Nigeria to take concrete steps to ramp up crude oil production, following the country’s ambitious target of reaching 2.5 million barrels per day by 2027. Nigeria’s daily average oil production stood at about 1.6 million barrels per day in 2025, […]
Dangote Refinery refutes import claims, says allegations are false and misleading
… Reaffirms commitment to delivering euro standard fuel to Nigerians Dangote Petroleum Refinery & Petrochemicals (DPRP) has firmly denied reports suggesting that it imports finished petroleum products, describing the claims as incorrect and based on a misunderstanding of global refinery operations. As a state of the art, large scale merchant refinery, DPRP refines crude oil […]
Reopening Port Harcourt refinery was a waste of resources — NNPC GCEO
By Obas Esiedesa ABUJA — The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has declared that the re-opening of the Port Harcourt Refinery and Petrochemical Company was a huge waste of resources. Ojulari, who spoke on Wednesday at the ongoing 2026 Nigerian International Energy Summit, said the national oil company currently lacks the […]
Net forex inflow declines 18.3% to $48.1bn in 9 months
Inflows from IMTOs fall 15.7% to $3.2bn Q3 net forex inflow rebounds 20% QoQ By Babajide Komolafe, Economy Editor Net foreign exchange inflow into the Nigerian economy fell by 18.3 per cent, year-on-year (YoY), to $48.1 billion in the nine months ended September 2025, from $58.8 billion recorded in the corresponding period of 2024. The decline […]
Economic activity expands 55.7 index points in January
By Elizabeth Adegbesan Economic activities in Nigeria expanded for the 14th consecutive month in January 2026, to 55.7 index points. According to the Central Bank of Nigeria, CBN, Purchasing Managers Index, PMI, Report for January 2026 released yesterday, the Industry, service and agriculture sectors recorded growth at 56, 54.5 and 54.2 index points respectively during the […]
