Nigeria's oil production edged slightly higher in April 2024, offering a glimmer of hope for the nation's economic prospects. However, this increase falls short of government targets, highlighting persistent challenges that continue to plague the oil sector.

Nigeria and China are collaborating to bridge the trade gap and enhance agricultural exports, signaling new opportunities for economic growth and development in both countries.

Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.

Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.

Amidst the backdrop of foreign exchange challenges, telecom giants MTN and Airtel have reported...

LAGOS - Nigeria, Africa's largest oil producer, has unveiled new measures aimed at attracting...

Nigeria unveils new mobile power stations in Lagos and Kebbi states, adding 625MW to the national grid. The project is part of a government initiative to improve power supply and could lead to economic growth and better living standards.

In a significant development for Nigeria's energy sector, prominent political figure Tinubu is poised...

Pipeline Infrastructure Nigeria Limited (PINL), responsible for safeguarding oil pipelines in Delta State, Nigeria, is under scrutiny for its performance. Despite accusations of underperformance, PINL receives backing from local experts, government officials, and community leaders who tout the company's success in reducing pipeline vandalism and boosting the regional economy.

A looming fuel shortage in Nigeria has been attributed to vessels trapped in the...

Nigerian civil society organizations (CSOs) are demanding stronger action against corruption in the government. The groups are urging political parties to denounce members facing corruption charges and calling for increased transparency and accountability within government institutions.

In a strategic move aimed at wooing global investment, former Lagos State Governor and...