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Climate shocks disrupting food production, healthcare and water supply across globe, WMO Warns
Ziggy Ojiegbe Climate shocks are increasingly disrupting food production, straining healthcare systems, worsening water shortages and displacing vulnerable communities across the globe as extreme weather events grow more severe and frequent, the World Meteorological Organization has warned. The warning came…
NCDMB pledges deeper Nigerian Content implementation across oil, gas value chain
Ziggy Ojiegbe The Nigeria Content Development and Monitoring Board has pledged to deepen Nigerian Content implementation across the upstream, midstream, and downstream sectors of the oil and gas industry as part of efforts to drive sustainable economic growth, industrial expansion,…
Nigeria inflation jumps again as fuel, food costs climb
Nigeria’s inflation rate rose for the second consecutive month in April, driven largely by higher food and fuel prices linked to growing tensions in the Middle East. Data released by the National Bureau of Statistics on Friday showed that headline…
APM Terminals commits $600m to upgrade Apapa port
APM Terminals has pledged to invest $600 million in the modernization of Nigeria’s Apapa container terminal and surrounding logistics infrastructure, reinforcing its long-term commitment to the country’s maritime sector despite uncertainty surrounding the future of its operating concession. The investment…
Economic reforms will trigger investment boom __ Tinubu
President Bola Ahmed Tinubu has declared that Nigeria is on course to attract nearly $20 billion in foreign direct investment in 2026, citing sweeping economic reforms, improved transparency, and the removal of longstanding regulatory bottlenecks as evidence of renewed investor…
DAPPMAN accuses Dangote Refinery of plotting private monopoly in fuel market
Responding to the recent lawsuit filed against the Federal Government by the Dangote Refinery over the former’s decision, last week, to license six companies to import petrol, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has accused the Dangote…
Lagos clamps down on 15 money lending firms over infractions
Lagos Government says it has sanctioned at least 15 money lending companies for breaching operational regulations and engaging in activities considered harmful to their customers. This is also as the government disclosed that it renewed the existing operational licences of…
Dangote drags FG to court over fresh petrol import licenses
Barely days after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) resumed the issuance of petrol import licences to petroleum marketers, the Dangote Refinery has dragged the federal government to court over what it termed ‘policy inconsistency.’ It would be…
Naira devaluation responsible for Nigeria’s rising debt— FG
Nigeria’s debt sustainability concerns are driven more by elevated interest rates and exchange rate volatility than excessive new borrowing, according to a report by The Briefing – Macro & Markets. This is just as the Minister of Finance and Coordinating Minister…
UTM FLNG project, bid round set to deepen investment flow into Nigeria’s energy sector
Ziggy Ojiegbe Nigeria’s energy sector is positioning for a fresh wave of global investment as the combination of the country’s first Floating Liquefied Natural Gas (FLNG) project and upcoming upstream licensing rounds is expected to stimulate ancillary industrial activities, unlock…
