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Nigeria’s external reserves hit 13-year high as CBN cuts rate amid falling inflation
“Gross external reserves surpass $50 billion, providing nearly 10 months of import cover, while year-on-year inflation eases for the eleventh consecutive month, prompting a 50bps reduction in the Monetary Policy Rate to 26.5%.” Sopuruchi Onwuka Nigeria’s gross external reserves rose…
NUPRC’s digital shift improves royalty tracking, compliance
Sopuruchi Onwuka Digitization of regulatory processes at the Nigerian Upstream Petroleum Regulatory Commission has significantly improved the tracking and enforcement of royalty payments, according to the Commission’s Chief Executive, Mrs. Oritsemeyiwa Eyesan. Eyesan said default rates on royalty payments were…
Nigeria to position as Africa’s investment hub at AOW:Energy 2026
Sopuruchi Onwuka Africa’s upstream oil and gas sector is entering a new phase of investment and regulatory reform, with Nigeria positioning itself at the center of that shift. Organizers of AOW:Energy say the 2026 edition will place a strong spotlight…
Dangote flaunts fuel supply capacity, but price creates real gaps
Disproves government’s supply figures Sopuruchi Onwuka Private refinery behemoth, Dangote Industries Limited, has declared that it has optimized its plant processing operations, increasing fuel production capacity beyond perceived national peak daily demand. The company also stated that it now has…
From ballroom to battlefield: How Ukrainian mother transformed to deadly sniper
Sopuruchi Onwuka A professional dancer who once spent her days traveling to international competitions is now serving on Ukraine’s front lines as a sniper, one of many civilians whose lives have been reshaped by nearly four years of war. Oracle…
Executive Order No. 9 prioritizes immediate cash over oil industry sustainability
The controversial Executive Order No. 9 of 2026 which essentially pulls back investment and operating capitals reserved for strategic growth programs of the Nigerian National Petroleum Company (NNPC) Limited does not just nullify provisions of the Petroleum Industry Act (PIA),…
How high seas protection could empower West Africa
Ziggy Ojiegbe The economic fortunes of artisanal fishers in Nigeria and neighboring West Africa nations will drastically improve over time if coordinated policies are implemented to curb currently ongoing overfishing and allow healthier stocks repopulate in high seas and spill…
Japa: UK, NAPTIP warn Nigerians against Asia scam trafficking
Spotlight Nigerian survivors of scam trafficking Sopuruchi Onwuka The British High Commission (BHC) in Nigeria, which played key role in rescue and safe return of Nigerians who were lured and forced to work at scam hubs in Asia, has activated…
Church leaders indicted in alleged $50m forced labor, fraud scheme
Federal prosecutors in Michigan have charged three leaders of the Kingdom of God Global Church in what authorities describe as a long-running forced labor and fundraising conspiracy that generated roughly $50 million in donations over more than a decade. A…
Nigeria’s Jan oil output, price challenge 2026 budget assumptions
Sopuruchi Onwuka Nigeria’s crude oil production slipped in January, highlighting an early gap between actual performance and the more ambitious assumptions embedded in the 2026 federal budget. An analysis of the January production performance and average oil price in January…
