KEY POINTS
The Hormuz crisis has tightened global oil supply, increasing demand for Nigerian crude and refined products.
Dangote Refinery and Aiteo, led by Aliko Dangote and Benedict Peters, are emerging as major beneficiaries of the shift.
Nigeria’s production gains are being undermined by...
KEY POINTS
Senator Ovie Omo-Agege has joined the NDC and declared for the Delta Central Senate seat ahead of the 2027 elections.
He accused past Delta administrations of failing to convert oil wealth into meaningful development for residents.
The NDC described his defection as...
The AfDB has named Nigeria's Aviation Minister Festus Keyamo as African champion of a $7bn programme to modernize the continent's aviation sector, citing recent reforms.
Nigeria has cancelled $717.7m in undisbursed World Bank loan financing for its power sector, after the 2023 currency float upended the programme's reform targets.
Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.