Business news
FG Pushes Faster Oil, Gas Investments as TotalEnergies, AMNI Approve $800m Ima Project
The Federal Government wants oil companies to shorten the journey from discovery to Final Investment Decision as the $800 million...
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Nigeria Produces 307m Barrels of Crude, Condensate in Six Months as Output Recovers
NUPRC data show combined crude oil and condensate production averaged about 1.67 million barrels per day between March and August,...
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NMDPRA Threatens Licence Revocation as Filling Stations Under-Dispense Fuel
NMDPRA has ordered filling stations to recalibrate their pumps and warned that operators caught under-dispensing petroleum products could lose their...
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FG Approves 830,000MT Petrol Imports for Q4 as Yuletide Demand Looms
Six marketers receive permits to import petrol during the final quarter of 2026 as regulators seek to prevent supply gaps...
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FG Revives Nigeria-Libya Gas Pipeline Plan, Targets New European Markets
Nigeria and Libya are considering an MoU and joint technical team to move the proposed cross-border gas pipeline beyond the...
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NMDPRA Proposes 138 Rules to Curb Monopoly, Price-Fixing in Nigeria’s Oil Sector
The petroleum regulator wants tougher competition rules covering price-fixing, collusion, infrastructure access, mergers and abuse of dominant market positions across...
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Naira Holds Steady Against Dollar as FX Market Turnover Falls
The Nigerian naira remained relatively stable against the US dollar on Monday, September 14, 2026, despite a significant decline in...
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Nigeria’s Financial System Set to Receive ₦3.56 Trillion Liquidity This Week
Nigeria’s financial system is expected to receive about ₦3.56 trillion in liquidity this week, a development that could provide some...
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Dangote Refinery Launches Historic ₦2.15 Trillion IPO
Dangote Petroleum Refinery has officially launched its initial public offering (IPO), opening what is being described as Africa’s largest-ever share...
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Insurance Firms to Access ₦1.07 Trillion Recapitalisation Funds by September End
Insurance companies that successfully completed Nigeria’s latest recapitalisation exercise are expected to begin accessing their fresh capital by the end...
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