Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, has said the newly unveiled digital platform for Gas Trading Licence, and the Clearing House & Settlement Authorisation will enhance transparency of Nigeria’s gas market and offer a framework that aligns with global best practices. Ekperikpo stated this during the official unveiling of the GTL platform on Thursday, …
Nigeria’s crude oil production recorded a slight increase from 1.401 million barrels per day (bpd) in October to 1.436 million bpd in November 2025. This reflects a 35,000 bpd month-on-month increase. This is according to the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR) released on Thursday, December 11. OPEC said the …
The Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, has raised alarm over the staggering economic and human cost of Gender-Based Violence (GBV) in Nigeria. At the National Dialogue on Ending Gender-Based Violence held in Abuja and convened by the Ministry of women Affairs in collaboration with the World Bank Group Nigeria, Imaan warns …
Nigeria’s total merchandise trade surged to N38.9 trillion in Q3 2025, according to fresh data from the National Bureau of Statistics. This figure marks a significant milestone in the country’s post-pandemic economic recalibration and underscores the resilience of Africa’s largest economy amid ongoing structural reforms. The latest trade value represents an 8.71% increase from the …
PZ Cussons has announced that it is retaining its Africa business and setting out ambitious growth plans for it as part of a wider Group strategy balanced between developed and emerging markets. Recall that in April 2024, PZ Cussons had announced plans to conduct a strategic review of its Africa operations. As part of the …
Aliko Dangote, the President of Dangote Industries Limited, has unveiled a landmark plan to list a 10% stake in his $20 billion refinery on the Nigerian Exchange (NGX) in 2026. Dangote further announced that the company is currently in discussions with market regulators to facilitate future dividend payouts in US dollars, offering a hedge against …
The Senate’s screening of President Bola Tinubu’s ambassadorial nominees took a contentious turn on Thursday as Senators Adams Oshiomhole (APC, Edo North) and Ali Ndume (APC, Borno South) engaged in a heated confrontation over the nomination of former presidential aide Reno Omokri. The altercation unfolded during the second day of deliberations on the 65 career …
As Africa’s political and regulatory dynamics continue to evolve, businesses and investors must strategically navigate the continent’s complexities to seize opportunities in 2026. From shifting governance to regulatory transitions, understanding the political landscape is crucial for success. According to Adjoa Adjei-Twum, President & CEO of EBII Group Corp, "Africa’s political environment remains central to investment …
Bayelsa State Deputy Governor, Senator Lawrence Ewhrudjakpo, has died after collapsing in his office on Thursday evening. According to multiple accounts, Mr Ewhrudjakpo suddenly slumped while attending to official duties and was rushed to the Federal Medical Centre (FMC) in Yenagoa. Medical personnel at the facility confirmed his death shortly after he was brought in. …
Fresh controversy has trailed the detention of former Minister of Labour and Employment, Dr Chris Ngige, as the Economic and Financial Crimes Commission (EFCC) continues its sweeping probe of key officials who served under the administration of the late former President Muhammadu Buhari. Initial reports on Wednesday suggested that Ngige had been abducted, sparking public …
