Nigeria’s crude oil production has climbed to about 1.8 million barrels oil output per day, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), signaling a strong recovery in the country’s oil sector. The milestone reflects renewed efforts by the government and industry players to boost output after years of decline. Caused by oil theft,…
Nigeria has introduced a major reform in its mining sector as the Nigeria Revenue Service (NRS) officially takes over the collection of mineral royalties from operators nationwide. The move follows the implementation of new tax laws signed by Bola Tinubu in 2025, which empower the NRS to manage all federally collectable revenues. Under the new…
The Federal Government has secured the interest of leading global maritime giants—DP World and AD Ports Group—to revive Nigeria’s national shipping carrier in a bold move to strengthen the country’s maritime sector. The announcement was made by Adegboyega Oyetola, Minister of Marine and Blue Economy, who revealed that discussions are already at an advanced stage…
Ghana has announced a major travel policy shift, granting visa-free access to all African passport holders starting May 25, 2026, in celebration of Africa Day. The move positions Ghana among a growing list of African countries embracing open-border policies. To boost regional integration and economic cooperation. According to official confirmations. Ghana becomes one of the…
Minister of the Federal Capital Territory, Nyesom Wike, has stirred fresh debate after criticizing Nigerians for expecting government services without fulfilling tax obligations. Speaking during a live interview, Wike said many Nigerian citizens demand good roads, steady electricity, and public services but are unwilling to pay taxes. He described tax collection as a major challenge,…
Nigeria is planning to raise $5 billion from First Abu Dhabi Bank through a structured derivatives deal aimed at reducing borrowing costs amid rising global interest rates. The move comes as international tensions, including the conflict involving Iran, continue to push up borrowing costs worldwide, making traditional loans and Eurobonds more expensive for developing economies….
President Bola Ahmed Tinubu has approved the construction of a second runway at the Nnamdi Azikiwe International Airport in Abuja, in a move aimed at strengthening Nigeria’s aviation infrastructure. The announcement was made by the Minister of Aviation, Festus Keyamo. Who described the decision as a critical step toward improving efficiency and safety in the…
Africa’s leading payments company, Flutterwave, has reportedly secured a full banking license from the Central Bank of Nigeria (CBN). Marking a major milestone in its evolution from a payments platform to a full financial services provider. Founded in 2016, Flutterwave has grown into one of Africa’s most influential fintech firms. Operating in over 30 countries…
Abia State Governor Alex Otti has approved the takeover of Afro Beverages by NEPAL Energies Limited in a strategic move to revive the company and boost the state’s economy. Afro Beverages, located in Aba, was recently acquired by the state government from the Asset Management Corporation of Nigeria as part of efforts to resuscitate struggling…
Temitope Ajayi, presidential aide, says Nigeria’s naira-for-crude policy is shielding the country from global fuel disruptions amid rising tensions in the Middle East. Ajayi said the initiative has helped maintain energy stability despite the ongoing crisis involving Iran, Israel, and the United States. He explained that the policy allows local refineries, including the Dangote Petroleum…
