US hails Dangote Refinery as Nigeria’s petroleum exports surge sevenfold
By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery has been identified as the key driver behind a seven-fold increase in Nigeria’s seaborne petroleum product exports since 2023, according to the latest report by the United States Energy Information Administration (EIA). The U.S. agency disclosed that Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per […]
Manufacturing demand dips as consumers spend 70% income on transport, energy — MAN
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has declared that decreasing demand for manufactured products occasioned by a sharp drop in the purchasing power of consumers due to inflationary pressures led to 87.72 percent surge in unsold inventory to N2.14 trillion in 2024 from N1.14 trillion in 2023. Director General of MAN, Segun Ajayi-Kadir, […]
NECA, MAN, NACCIMA reject Senate’s NSITF takeover
“These amendments threaten to fundamentally weaken the NSITF governance structure, erode accountability and transparency, and expose the Fund to undue political interference,” the OPSN declared.”
Nigeria loses $6.8bn to oil production shortfalls in 8 months
•Records 93.74m barrels shortfall •2.06m bpd target no longer realistic this year — experts By Obas Esiedesa Nigeria has recorded crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025, raising concerns over adequate funding of the 2025 national budget. The shortfall indicates about $6.848 shortfall in oil revenue, the key […]
NB grows revenue by 48% to N1.04trn in 9 months
By Peter Egwuatu Nigerian Breweries Plc, the foremost brewing company in Nigeria, has posted a group revenue of N1.04 trillion for the nine-month period ended September 30, 2025, representing a 48% growth over the N703 billion recorded in the corresponding period in 2024. According to the unaudited results released on to the Nigerian Exchange Limited, NGX […]
Positive sentiment trails stock market as investors gain N4.6trn
By Peter Egwuatu The Nigerian Exchange (NGX) sustained its bullish momentum last week, marking its 7th consecutive week of gains as investors deepened buy positions in blue-chip stocks across key sectors. Last week performance reflected renewed investor confidence, driven by expectations of stronger corporate earnings, improved macroeconomic sentiment, and renewed portfolio rebalancing toward fundamentally strong companies. […]
