Business

World Bank lowers Nigeria’s 2026 growth forecast to 4.1%

World Bank lowers Nigeria’s 2026 growth forecast to 4.1%

The World Bank has revised down its projection for Nigeria’s economic growth in 2026, estimating an average expansion of 4.1…
Oil production rises to 1.84 million bpd amid enhanced pipeline security

Oil production rises to 1.84 million bpd amid enhanced pipeline security

The Nigerian National Petroleum Company Limited has reported significant increase in national crude oil production, rising from 960,000 barrels per…
NNPC doubles crude supply to Dangote refinery

NNPC doubles crude supply to Dangote refinery

Crude oil deliveries from the Nigerian National Petroleum Company (NNPC) to Dangote Petroleum Refinery doubled in March, marking a significant…
CBN eyes DFI recapitalisation; FG launches mass savings initiative

CBN eyes DFI recapitalisation; FG launches mass savings initiative

The Central Bank of Nigeria (CBN) is considering the recapitalisation and restructuring of Development Finance Institutions (DFIs) to close the…
OPEC crude output plunges 25% amid Middle East conflict

OPEC crude output plunges 25% amid Middle East conflict

Crude oil production by the Organisation of Petroleum Exporting Countries (OPEC) fell by the largest margin in at least four…
Dangote refinery boosts African fuel, fertiliser exports

Dangote refinery boosts African fuel, fertiliser exports

The Dangote refinery, Africa’s largest, has ramped up exports of petrol and urea to African countries affected by supply disruptions…
Nigeria shifts from oil to tax-driven revenues

Nigeria shifts from oil to tax-driven revenues

Nigeria earned an estimated N161.1 trillion in revenues from oil and non-oil sectors between 2010 and 2024, with recent data…
Ondo targets investors for coastal tourism development

Ondo targets investors for coastal tourism development

Governor Lucky Aiyedatiwa of Ondo, has intensified efforts to attract private investment into the state’s coastal tourism sector, saying his…
Air Peace plans London–Ogun flights

Air Peace plans London–Ogun flights

Air Peace has announced plans to begin international flight operations connecting London to Gateway International Airport in Ogun State this…
Banks’ CBN deposits hit N128.9trn in March

Banks’ CBN deposits hit N128.9trn in March

Deposits by Nigerian banks with the Central Bank of Nigeria (CBN) soared to a historic N128.9 trillion in March 2026,…
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