There are concerns that the crisis in Venezuela presents a significant risk for Nigeria’s 2026 budget and the broader economy. While Venezuela and Nigeria are geographically distant, they are direct competitors in the global oil market. After months of tactical preparations, the United States invaded Venezuela during the weekend. The U.S. military force launched strikes …
Renowned economist and Chief Executive Officer of Economic Associates, Ayo Teriba, has said the Federal Government can generate more revenue by optimising its assets rather than selling them. He said the government could unlock value from assets such as real estate, oil and gas, and the energy sector by listing them on the capital market …
As registration for the 2025 licensing round continues, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has listed 50 oil blocks covering onshore, shallow water, and deep offshore areas. The Commission, which launched the 2025 licensing round on December 1, announced a slash of signature bonus to between $3 million and $7 million as approved by …
Nigeria has taken fresh steps to strengthen its economic partnership with Saudi Arabia, following high-level engagements at the Money20/20 Middle East Conference in Riyadh. Minister of State for Finance, Dr. Doris Uzoka-Anite, who led Nigeria’s delegation to the global fintech and finance forum, said the Tinubu administration is determined to reposition the economy and attract …
Nigeria's significant decline in Foreign Direct Investment (FDI) is a pressing economic issue, reflecting deep-seated structural weaknesses and investor apprehensions. The latest Capital Importation report released by the National Bureau of Statistics reveals that Foreign Direct Investments into Nigeria fell sharply by 70.06 per cent quarter on quarter to $126.29 million in the first quarter …
By Esther Ososanya The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Dr Olufemi Ogunyemi, receives a U.S. Congressional Commendation for transparency and economic reform. The commendation jointly presented by South Carolina Representative Rosalyn Henderson-Myers and Georgia Representative Dee Dawkins-Haigler comes as international recognition of Nigeria’s ongoing transformation of its Free Trade Zones (FTZs) …
