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News
Nigeria produced 1.5m barrels of crude oil in August
10+ hour, 12+ min ago (268+ words) Nigeria produced 1, 677,777 barrels of crude oil and condensate per day in the month of August 2026, representing an increase of 0.4% when compared to the month of July. In strict crude oil terms (excluding condensate), Nigeria produced 1,500,190 barrels per day as the…...
Iyayi: Nigeria’s 31 airports, 91 airstrips not adding value...
10+ hour, 24+ min ago (464+ words) Daily Trust reports that Nigeria’s aviation contribution to GDP has always been abysmally low and hovering around 0.6 per cent. Iyayi pointed out that several airstrips are located in areas with tourism and other economic potential, but airlines cannot effectively serve…...
Bringing back subsidies will cost Nigeria N20trn annually —...
10+ hour, 8+ min ago (523+ words) He said that actual figures would fluctuate with crude oil prices, exchange rates, landing costs and consumption levels. He noted that although actual costs would vary with consumption, crude-oil prices, exchange rates, refinery or landing costs and the regulated pump…...
When Nigeria went public: From Share Certificates to the...
4+ day, 42+ min ago (1577+ words) The younger generation, which has never filled an IPO form or queued inside a banking hall to submit one, like in the past, is equally excited. Armed with investment applications and the confidence that comes from watching three financial videos…...
Before You Buy Dangote Refinery Shares, Read This
3+ day, 20+ hour ago (240+ words) (This article does not constitute financial advice. It is an analytical framework for thinking about a significant investment decision. Read the prospectus. Consult a financial adviser if you need one. I am not a financial analyst, only an observer of…...
Gateway Air, ValueJet Strengthen Ogun Air Connectivity with...
4+ day, 18+ hour ago (216+ words) ValueJet, in partnership with Gateway Air, the official state-owned airline of Ogun State, has commenced a daily service connecting Nnamdi Azikiwe International Airport in Abuja to Gateway International Airport in Iperu, Ogun State, via Lagos (Abuja–Lagos–Gateway). The service…...
Atiku: Tinubu's policies forcing exit of foreign investors
5+ day, 19+ hour ago (460+ words) Former Vice-President Atiku Abubakar says the massive flight of foreign portfolio investment from Nigeria is a damning vote of no confidence in the economic management of President Bola Tinubu. In a statement issued by his Senior Special Assistant on Public…...
Dangote Refinery listing to push NGX capitalisation above...
1+ week, 13+ hour ago (1296+ words) The much-anticipated initial public offering (IPO) of the Dangote Refinery is set to reshape Nigeria’s capital market, with the 700,000-barrel-per-day facility expected to offer 4.1 billion shares and potentially push the total capitalisation of the Nigerian Exchange Limited (NGX) above N200 trillion....
Dangote’s exploration firm eyes first oil in 2028
1+ week, 13+ hour ago (611+ words) Dangote Group’s upstream subsidiary, West Africa Exploration and Production Company, WAEP, says it is targeting first sustained production from its Nigerian assets within two years. The company hopes to unlock more than 1.6 billion barrels of oil in place from Oil…...
‘Africa’s agric sector faces confidence crisis, not capital’
1+ week, 2+ day ago (341+ words) The challenge in African agriculture does not stem from a shortage of capital, but rather from investors’ reluctance to commit funds to the continent’s food systems. The Executive Secretary of the National Agricultural Development Fund (NADF), Mohammed Ibrahim, stated this…...