ALO360

Stanbic IBTC Warns External Could Derail Nigeria’s outlook Despite Improving Fundamentals

Stanbic IBTC has cautioned that external factors, such as oil price volatility and global political uncertainty. Could disrupt Nigeria’s economic growth in 2026, despite improvements in the country’s macroeconomic fundamentals. This warning came from a team of investment analysts at Stanbic IBTC Asset Management Limited. Led by Mr. Abdul Azeez, during a virtual review of…

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Nigeria Crude Oil Output Rises To 1.459m bpd in January 2026

Nigeria’s crude oil production increased to 1.459 million barrels per day (bpd) in January 2026, solidifying its position as Africa’s largest oil producer. However, the country’s output remained below its Organisation of Petroleum Exporting Countries (OPEC) quota. The data was revealed in OPEC’s latest Monthly Oil Market Report (MOMR), published on Wednesday. While the figures show…

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Aso Rock to Go Off the National Grid in March — Permanent Secretary Confirms

Aso Rock to Go Off the National Grid in March — Permanent Secretary Confirms

Temitope Fashedemi, the State House Permanent Secretary, disclosed that the Aso Rock Presidential Villa disconnected from the national electricity grid by March 2026. He made this announcement during the defense of the State House 2026 budget before the Senate Committee on Special Duties in Abuja. Announcement Details Fashedemi explained the transition followed the completion of…

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