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NNPC And NUPRC Remit N322bn, $116.9m After Tinubu’s Executive Order 9 Takes Effect 0
- BUSINESS, SLIDE
- May 12, 2026
Revenue inflows into Nigeria’s Federation Account have recorded a significant boost as the Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission jointly remitted over N322bn and $116.9m within two months of the implementation of Executive Order 9 signed in February 2026. The figures were contained in documents presented at recent Federation
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Oil hits $104 as US-Iran peace deal fails 0
- BUSINESS, SLIDE
- May 12, 2026
Global crude oil prices surged to around $104 per barrel on Monday following escalating tensions between the United States and Iran, after both sides failed to reach an agreement aimed at ending the ongoing conflict in the Middle East. The market reaction comes amid renewed uncertainty over a potential ceasefire, with U.S. President Donald Trump
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FG Advances Talks With World Bank Over Fresh $1.25bn Loan 0
- BUSINESS, SLIDE
- May 12, 2026
The Federal Government of Nigeria has intensified discussions with the World Bank over a proposed $1.25bn loan aimed at supporting economic reforms, job creation, and investment competitiveness. According to findings obtained from a World Bank Programme Information Document, the proposed facility, known as the Nigeria Actions for Investment and Jobs Acceleration, has progressed to a
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NNPCL Under Fire Over Alleged Failure To Account For $3.5 Billion Refinery Rehabilitation Funds 0
- BUSINESS, SLIDE
- May 8, 2026
The Nigerian National Petroleum Company Limited (NNPCL) is facing mounting pressure following allegations that about $3.5 billion allocated for the rehabilitation of Nigeria’s state-owned refineries remains inadequately accounted for, sparking renewed calls for a full-scale investigation. The controversy centers on massive funds reportedly approved over the years for the rehabilitation of the Port Harcourt, Warri,
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Ogun Moves Towards 24-Hour Power Supply, Begins Electricity Consumption Audit 0
- BUSINESS, SLIDE
- May 7, 2026
Ogun State Governor, Prince Dapo Abiodun, has announced plans to carry out a comprehensive electricity consumption audit as part of efforts to improve power distribution efficiency and achieve stable 24-hour electricity supply across the state. Honorary Degree Holders Barred From Using ‘Dr’ Title In Nigeria The governor disclosed this during an inspection visit to
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Nigeria’s Public Debt Surges Under Tinubu Administration: Over ₦65–71 Trillion Added Amid Questions on Utilization 0
- BUSINESS, SLIDE
- April 29, 2026
Abuja, April 29, 2026 — Nigeria’s total public debt has risen sharply since President Bola Ahmed Tinubu assumed office in May 2023, with official figures showing an increase of approximately ₦65 trillion by mid-2025 and further growth pushing the stock to ₦159.28 trillion by December 2025, according to the Debt Management Office (DMO). Debt Stock Growth
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