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Lagos, Rivers, FCT top list for Nigeria’s N4.52trn domestic debt in Q1 2026
Debt Management Office (DMO) has disclosed that the states of Lagos and Rivers, as well as the Federal Capital Territory (FCT) jointly account for 43.27 per cent of the country’s total N4.52 trillion debt stock in Q1 2026. According to…
Lagos gov., Sanwo-Olu, others advocate alternative financing as Nigeria’s growth engine at AltBank’s ‘Beyond Interest’ forum
From left): Korede Demola-Adeniyi, Executive Director, The Alternative Bank (AltBank); Babatunde Raji Fashola, former Governor of Lagos State & former Federal Minister of Works and Housing, and Abubakar Suleiman, Non-Executive Director, Sterling Financial Holdings Company Plc at AltBank’s ‘Beyond Interest’…
Domestic crude oil market suffers glut as refineries turn down 15.64 Mbbls
Domestic refineries in Nigeria absorbed 53.7 million barrels of crude oil and condensate in the second quarter of 2026, as increased local production and stronger implementation of the Domestic Crude Supply Obligation (DCSO) provided refiners with substantial volumes of feedstock….
Xenophobic attacks: AfCFTA under threat as Nigeria, S/Africa deepen diplomatic row over compensation for displaced Nigerians
Nigeria’s Minister of Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu Brewing diplomatic row between two of the continent’s biggest economies now threatens the world’s largest free trade agreement by number of countries, the African Continental Free Trade Agreement (AfCFTA) as Nigeria and…
‘Nigeria can no longer depend solely on DisCos,’ as FG plans nationwide utility-scale renewable energy
Federal Government has disclosed plans to create Renewable Energy Service Companies (RESCos) across the country to drive access to electricity for more households. Government said the RESCos are expected to compete directly with existing electricity distribution companies (DisCos) over the…
WIEN Academy accelerates leadership development for women in energy
The Women in Energy Network (WIEN) has marked six months of strengthened learning and leadership development through the WIEN Academy, underscoring a renewed commitment to delivering structured, consistent and industry-responsive programmes that equip women with the knowledge, skills and confidence…
FG commends NCDMB’s investments in Nigeria’s future
The Federal Government has applauded the Nigerian Content Development and Monitoring Board (NCDMB) for its sustained investments in critical areas of Nigeria’s socio-economic development, describing the Board’s interventions as a practical demonstration of how local content policy can drive education,…
CBN places four banks ‘under close regulatory supervision’ over failure to meet March 31 recapitalisation deadline
Central Bank of Nigeria (CBN) says it has placed four commercial banks under ‘close regulatory supervision’ over their failure to meet the March 31, 2026 recapitalisation deadline set for various categories of operators in the country. CBN it would be…
NCDMB to launch Trainers’ Registration Certificate Monday
The Nigerian Content Development and Monitoring Board (NCDMB) will on July 27, 2026, officially launch the Nigerian Content Trainers’ Registration Certificate (NCTRC), a digital certification platform designed to strengthen quality assurance, standardisation, and transparency in human capacity development across Nigeria’s…
Jonathan lauds NCDMB on Nigerian Content milestones, celebrates 61% local participation
Former President Dr. Goodluck Ebele Jonathan has declared that the Nigerian Content Development and Monitoring Board (NCDMB) has fully achieved the vision that inspired Nigeria’s local content policy and the enactment of the Nigerian Oil and Gas Industry Content Development…
