Oyo State has been named the most liveable state in Nigeria in the 2025 State Performance Index (pSPI), published by Phillips Consulting Limited. The report assessed all 36 states and the Federal Capital Territory (FCT) on multiple indicators of quality of life, relocation preference and governance, placing Oyo ahead of Akwa Ibom and the FCT. …
Nigeria’s recent GDP rebasing has highlighted a significant shift in its economic structure. Real estate has surpassed oil, now standing as the third-largest contributor to the Nigerian economy, replacing crude oil's historic dominance. This change reflects a broader diversification within the country's economy, with real estate now contributing a notable share alongside agriculture and the …
By Sunday Michael Ogwu Nigeria’s oil industry has experienced remarkable fluctuations over the past five years, impacted by both global events and internal challenges. From the disruptive effects of the COVID-19 pandemic in 2020 to the resurgence in 2024, the trajectory of Nigeria’s oil production offers an insightful reflection of not only domestic operational capabilities …
By Sunday Michael Ogwu Given the 575.5 million barrels produced throughout 2024, Nigeria’s oil industry could have generated an estimated $46.04 billion in revenue from crude oil sales in 2024. According to the most recent reconciled production data for the year by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Nigeria, one of the top oil …
By Sunday, Michael Ogwu Nigeria’s electricity sector may be turning a corner—at least on paper—as the Nigerian Electricity Regulatory Commission (NERC) issued a total of 243 licences, permits, and certifications over five consecutive quarters, signalling renewed private sector interest and potential for increased power generation across the country. According to World Bank statistics, 85 million …
By Sunday Michael Ogwu Nigeria is witnessing a sustained and troubling return to cash dominance, with recent data from the Central Bank of Nigeria (CBN) revealing that currency outside the banking system hit ₦4.63 trillion in May 2025, continuing a steady rise that has defined the past two years. The data shows that currency in …
By Sunday Michael Ogwu Customer complaints lodged with electricity distribution companies (DisCos) across Nigeria have fallen by 22.7% over a three-quarter period—from Q2 2024 to Q1 2025—even as persistent issues around metering, billing, and service interruptions remain dominant concerns among consumers. An analysis of official complaint data released by the Nigerian Electricity Regulatory Commission (NERC) …
