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Oil majors are looking to expand ultra-deepwater and frontier exploration, targeting large, high-value resources that can support long-term supply and energy security goals. Top energy firms are increasing investment in high-impact exploration as the industry faces a potential 300-billion-barrel supply ...

The Nigerian Maritime Administration and Safety Agency (NIMASA) has stepped up efforts to address lingering port security gaps and secure the removal of entry restrictions on Nigerian-bound vessels, as it deepens collaboration with the United States Coast Guard (USCG). This ...

Nigeria’s largest telecommunications provider, MTN has temporarily stopped its Xtratime service, which allows customers to borrow airtime and data. The move comes after new government rules on digital lending took effect. In an announcement to the Nigerian Exchange, MTN explained ...

Nigeria is set to host the African Union’s (AU) African Monetary Institute (AMI), as preparations intensify for the institute’s planned take-off in September 2026. The institute is part of measures to push for monetary cooperation, financial integration and single currency ...

Nigeria’s combined oil and condensate production averaged 1.546 million barrels per day (mbpd) in March 2026, up 4.2 per cent from 1.483 mbpd in February, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported. The month saw production peak at 1.84 ...

The Industrial Training Fund (ITF), in collaboration with the Cement Technology Institute of Nigeria (CTIN), have concluded arrangements to launch a landmark skills development programme aimed at training and upskilling 100,000 artisans in Nigeria’s construction sector. The programme that will ...

Ecobank Transnational Incorporated (ETI) has reported a pre-tax profit of N801 million for the 2025 financial year, reflecting sustained revenue generation from its diversified operations across sub-Saharan Africa. The Group in its 2025 audited results for the year ended December ...

Nigeria’s total public debt increased by N14.61 trillion in 2025, rising to N159.28 trillion as of December 31, according to the latest provisional data released by the Debt Management Office (DMO) on Wednesday. The figure represents a 10.1 percent year-on-year ...

The IMF in its April 2025 World Economic Outlook revised downwards Nigeria’s 2026 growth from 4.4 per cent which it projected in January this year to 4.1 per cent while growth is expected to rise to 4.3 per cent in ...

The National Commissioner of the Nigeria Data Protection Commission (NDPC) Dr. Vincent Olatunji has said that Nigeria is building a pool of globally competitive human capital to support the country’s digital economy and create jobs in line with President Bola ...