Nigeria's fiscal position remains under severe pressure despite improved non-oil revenue performance, with debt servicing consuming 44.3 per cent of federal government revenue in the third quarter of 2025. The Alliance for Economic Research and Ethics raised the concern in its assessment of the Federal Government's 2025 third-quarter budget implementation report, released recently — eight …
President Bola Tinubu's administration entered the third quarter of 2025 with a promise to stabilise the economy, boost growth and invest heavily in infrastructure. On the surface, some of the numbers appear encouraging. Economic growth strengthened, inflation slowed sharply, and non-oil revenue collections exceeded expectations. Beneath those positive indicators, however, the government's budget implementation report …
As the global community marks the World Environment Day 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its commitment to ending gas flare by 2030 and 60 per cent reduction of Methane by 2035. In a statement released on Friday, the Commission said the country has recorded a significant reduction in routine gas …
Nigeria is positioning itself to secure cheaper financing and potentially refinance costly existing debt the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. This is as improving market conditions and growing investor interest create new opportunities for the country, he stressed. Speaking in an interview with Bloomberg recently, Oyedele explained …
In a major breakthrough for the African energy sector, the Dangote Petroleum Refinery has surpassed its nameplate capacity, ramping up its crude oil processing capacity to 700,000 barrels per day (bpd). The milestone, confirmed during a recent performance test conducted by the facility’s Process Licensors, means the refinery has officially surpassed its initial nameplate capacity …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for the urgent strengthening of gas distribution networks across the country, warning that Nigeria’s vast reserves are meaningless without the infrastructure to deliver them to end-users. Speaking at the Association of Local Distributors of Gas (ALDG) Business Forum in Abuja, the Authority Chief …
Adesola Oyinloye-Ndu, has called on every stakeholder in Nigeria's child development landscape to shun every measure aimed at forcing left-handed and neurodivergent children to conform, and start building spaces where every child can flourish as they naturally are. Oyinloye-Ndu, who also serves as Convener of the Lefties and Ambidextrous Care Initiative Nigeria, made the passionate …
The Nigerian Electricity Regulatory Commission (NERC) has announced the commencement of the Net Billing Regulations 2026, a new framework that will allow eligible electricity customers to generate their own renewable energy and sell surplus power back to the national grid. In a public notice issued on Wednesday, June 3, 2026, NERC said the regulations are …
The National Bureau of Statistics (NBS) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its transparency in the management and accessibility of oil and gas data, while urging a deeper, more systematic collaboration between the two agencies. The Statistician-General of the Federation, Prince Semiu Adeyemi Adeniran, made the remarks on Tuesday, June 2, …
The Nigerian Electricity Regulatory Commission (NERC) has issued a directive for the offer of special compensation to Band A Customers following widespread power outages that occurred in recent months. In a statement released on Wednesday, the Commission said the decision contained in Directive No. NERC/2026/002, was informed by the significant power generation shortages experienced across …
