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...
Tony Elumelu's Transcorp Group posted record full-year 2025 revenue of $399 million and a 44 percent profit after tax surge, its strongest financial performance to date.
BudgIT's Tracka platform has identified N24 billion in abandoned, unexecuted, and fraudulently delivered public projects across Nigerian states, with Benue, Ondo, Imo, and Lagos among the worst performers.
Nigeria's overall balance of payments surplus fell 38 percent to $4.23 billion in 2025, with crude oil export declines and a sharp retreat in foreign portfolio investment driving the contraction.