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President Bola Tinubu has arrived in Nairobi, Kenya, to attend the Africa Forward Summit jointly hosted by Kenyan President William Ruto and French President Emmanuel Macron. Tinubu touched down at the Jomo Kenyatta International Airport in the early hours of Monday and was welcomed by Musalia Mudavadi, Kenya’s Cabinet Secretary for Foreign and Diaspora Affairs, …

Economists, industry experts and public finance analysts have hailed President Bola Tinubu’s latest executive order stripping the Nigerian National Petroleum Company Limited (NNPC) of the power to retain portions of oil and gas revenues before they reach the Federation Account. They said the order would help to strengthen revenue remittance compliance and enhance transparency, adding …

Tinubu’s Executive Order to NNPC Will Block Revenue Leakages, Increase FAAC Disbursements - Experts

Former chairman of United Bank for Africa (UBA) Israel Ogbue, has passed on at the age of 99. UBA reportedly announced this in a statement released on Thursday. Ogbue was the father of Awele Elumelu, chairman of Transcorp Hotels, and father-in-law to Tony Elumelu, current chairman of UBA Group. The bank described Ogbue as a …

Nigeria’s crude oil production rose to 1.459 million barrels per day in January 2026, up by 37,000 bpd when compared to December 2025 production of 1.422 million bpd. This is according to the Organisation of the Petroleum Exporting Countries’ (OPEC) February 2026 Monthly Oil Market Report (MOMR) released on Wednesday, February 11. While the output …

What OPEC+ Plans To Ramp up Oil Production Means for Nigeria’s Economy

Former Vice-President Atiku Abubakar has criticised the Senate for failing to approve real-time transmission of election results to the Independent National Electoral Commission’s result viewing portal (IReV). On Tuesday, the upper legislative chamber approved the electronic transmission of election results to IReV but included a clause allowing manual collation as a fallback where technology fails. …

Atiku Praises Yoruba People, Makes Promises Ahead of 2027

The recurring cases of national grid collapse in Nigeria have highlighted the need for a reliable power source to meet electricity demands by households and businesses across the country. This quest has reignited calls for the development and integration of nuclear power into Nigeria’s energy mix as one potential solution to resolving longstanding electricity challenges. …

Nigeria’s Electricity Crisis: Recurring Grid Collapse Reignites Call for Nuclear Energy Adoption

Dangote Petroleum Refinery has reduced the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol from ₦799 to ₦774 per litre, reflecting a ₦25 cut. The refinery made this known in a notice sent to marketers on Tuesday, February 10. According to the refinery management, the price adjustment takes immediate effect. Pinnacle …

Dangote Refinery Cuts Petrol Ex-Depot Price to ₦774 per Litre Amid Rising Competition with Importers

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