Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG
By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
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 significantly 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 […]
IMF upgrades Nigeria’s 2026 growth outlook to 4.4%
•Urges FG to rebuild fiscal buffers By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has upgraded its growth forecast for Nigeria to 4.4 per cent in 2026, citing improved macroeconomic conditions and reform momentum. The Fund disclosed this in its January 2026 World Economic Outlook (WEO) Update, titled, “Global Economy: Steady amid Divergent […]
Access ARM Pensions surpasses N4trn AUM, signals stronger post-merger momentum
Access ARM Pensions has exceeded the ₦4 trillion mark in assets under management (AUM), marking a major milestone and underscoring the strong momentum
N246bn NEDC allocation not for salaries only, Budget Office clarifies
By Progress Godfrey ABUJA – The Budget Office of the Federation (BOF) has dismissed claims that the North East Development Commission (NEDC) runs a N246.77 billion salaries budget, describing the narrative as false and misleading. The Budget Office stated that the N246.77 billion assigned to the NEDC is a consolidated statutory provision shown at an overall […]
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 […]
