Economy

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NNPCL Reports Major Crude Oil Loss Due to PENGASSAN Strike

Group Managing Director of Nigeria National Petroleum Company Limited (NNPCL), Bashir Bayo Ojulari, has disclosed that Nigeria lost 200,000 barrels per day of crude oil to the recent strike embarked upon by the nation’s oil workers. The Petroleum and Natural Gas Senior

October 6, 2025

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Inflation May Fall To 14% By 2026 If Reforms Persist — Afreximbank

If Nigeria maintains its current trajectory of economic reforms, inflation could decline to around 14 per cent by the end of 2026, the Group Chief Economist and Managing Director of Afreximbank, Yemi Kale, has declared. Speaking during his keynote address at The

October 4, 2025

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News·Economy·Headlines·News Update

Oshiomhole Slams PENGASSAN For Worsening Dispute With Dangote Refinery

Former Nigeria Labour Congress (NLC) president and Senator Adams Oshiomhole has sharply criticised the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for escalating its conflict with Dangote Refinery into a broader shutdown of oil sector operations nationwide. Speaking in

October 4, 2025

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Nigeria, China To Boost Economic Ties At 2025 China Commodities Expo

Nigeria and China are set to deepen their economic and trade partnership through the 2025 edition of the China Commodities Expo-Nigeria, scheduled to take place in Lagos from Wednesday, November 5 to Friday, November 7, 2025. The annual event is jointly organised

October 1, 2025

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Dangote–PENGASSAN Standoff Raises Fresh Fears Over Nigeria’s Economic Stability —MAN

Nigeria’s delicate path to economic recovery is facing turbulence as the ongoing dispute between the Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) threatens to disrupt production, erode investor confidence, and undermine long-term energy security.

October 1, 2025

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News Update·Economy

Emirates Prohibits Power Banks On All Flights Beginning October 1

With effect from October 1, 2025, Emirates Airlines will ban passengers from carrying and using power banks onboard its entire fleet, the carrier has officially confirmed. The new safety regulation follows a comprehensive internal review highlighting the risks associated with lithium battery

September 30, 2025

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News·Economy·Headlines·Politics

FG Secures N250bn To Kickstart Kaduna, Kano Light Rail Projects

The Federal Government has announced that it has secured a total of N250 billion in funding to finance the development of light rail projects in Kaduna and Kano States. This was disclosed by the Minister of Information and National Orientation, Alhaji Mohammed

September 30, 2025

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News Update·Economy·News

NANTA Faults Airlines Over Dollar-Only Ticketing In Nigeria

The National Association of Nigerian Travel Agencies (NANTA) has strongly criticized the decision of a handful of foreign airlines still insisting on selling tickets in United States dollars within Nigeria, describing the practice as a slight to the nation’s sovereignty and a

September 30, 2025

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Economy·Headlines

PENGASSAN Strike Brings NNPC, NUPRC, NMDPRA To A Standstill

The Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN)’s nationwide industrial action has forced an effective shutdown of key oil and gas regulatory bodies across the country. The Nigerian National Petroleum Company Limited (NNPC), the Nigerian Upstream Petroleum Regulatory Commission

September 29, 2025

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Economy·Headlines·News

Saraki Rebukes Kwara Government Over Escalating Insecurity, Kidnappings

Former Senate President Dr. Bukola Saraki has sharply criticized the Kwara State Government for what he calls a complacent approach toward rising insecurity across the state. Speaking in Ilorin over the weekend at the People’s Democratic Party (PDP) State Congress, he described

September 29, 2025

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Economy·Headlines·News

How PENGASSAN’s Strike Puts Nigeria’s Power Supply At Risk

Nigeria may face widespread blackouts if thermal power plants are forced offline due to supply disruptions triggered by PENGASSAN’s planned nationwide strike. Executive Secretary of the Association of Power Generating Companies (GenCos), Joy Ogaji, sounded the alarm in a WhatsApp alert, stating

September 29, 2025

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Naira Slips To Ninth Weakest Currency In Africa – Forbes

In September 2025, Forbes’ currency tracker has placed Nigeria’s naira as the ninth weakest currency among African nations, underscoring the serious economic pressures still affecting Nigeria despite some recent easing of inflation. The ranking is drawn from a currency-calculator tool that uses

September 28, 2025

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Biometric Screening In Katsina Uncovers 3,488 “Ghost Workers,” Recovers N4.6 Million From Payroll

In a bold move to sanitize local government finances, a Biometric Screening Committee conducting audits across the 34 Local Government Areas (LGAs) and Local Education Authorities (LEAs) in Katsina State has identified 3,488 unqualified or fraudulent employees from the payroll, recovering a

September 28, 2025

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Headlines·Economy

NCS Exempts 4% Levy On Raw Materials, Machinery, Spare Parts To Boost Industry

The Nigeria Customs Service (NCS) has announced the exemption of raw materials, spare parts and certain machinery from the four percent Free on Board (FOB) levy, in what it described as a move to ease production costs and stimulate critical sectors of

September 27, 2025

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News Update·Economy·Headlines·News

Dangote Refinery Suspends Petrol Sales In Naira, Cites Depletion Of Crude-for-Naira Allocation

Dangote Petroleum Refinery & Petrochemicals has abruptly suspended the sale of petrol in the naira, notifying its customers that the new policy will take effect beginning Sunday, September 28, 2025. The move has sent ripples through Nigeria’s downstream sector, as marketers and

September 27, 2025

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News·Economy·Headlines

NNPC Revenue Rises To N4.65 Trillion In August Despite Production Dip

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported that its cumulative revenue reached N4.655 trillion by August 2025, up from N4.406 trillion in July, even as production of crude oil and natural gas dipped due to scheduled maintenance activities. In

September 27, 2025

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