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Indigenous service providers project $7bn capital to raise Nigeria’s oil, gas output by 50%
Victor Nze Indigenous oil and gas service companies in the country, the Petroleum Technology Association of Nigeria (PETAN), has projected that the sector will need about $7 billion in capital expenditure on equipment over the next four years to help…
Bitcoin rush grows over alarming $39trn U.S debt crisis
United States government’s towering debt burden is once again rattling global financial markets, reviving fears about the long-term stability of the US dollar and fueling a fresh wave of speculation that bitcoin and gold could emerge as the biggest…
Global market has lost 880mb of oil ‘forever,’ says Saudi Aramco
Saudi Aramco has issued one of the starkest warnings yet about the state of the global energy market, declaring that nearly 880 million barrels of liquid hydrocarbons have effectively vanished from global supply chains as the Strait of Hormuz crisis…
Nigeria’s pension fund assets hits N29.52trn — PenCom
National Pension Commission has disclosed that Nigeria’s pension fund assets increased by about N90 billion to N29.52 trillion as of February 2026, supported by gains in domestic equities and Federal Government securities despite tight liquidity conditions and ongoing portfolio rebalancing….
NGX RegCo recovers N500m in restitution for shareholders
Independent regulatory arm of the Nigerian Exchange Group, the NGX Regulation Limited (NGX RegCo) says it has successfully facilitated recoveries exceeding N500m for shareholders following the resolution of various complaints involving market operators. The independent regulatory arm of the Nigerian…
Shareholders approve new name for Lafarge Africa
Shareholders of Lafarge Africa have approved a resolution to change the company’s name to HBM Nigeria Plc. I According to a notice filed with the Nigerian Exchange (NGX) Limited on Tuesday, the decision was taken at the firm’s 67th annual…
Nigeria’s connectivity gaps largely structural, as minister warns MNOs over poor service
Federal Government, through the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has noted that the country’s connectivity gaps were largely structural, owing to years of neglect. This is even as the minister warned Mobile Network Operators…
Emirates reports $6.6bn PBT, high cash reserves, amid Gulf conflict
Aviation giants, the Emirates Group says it remains upbeat on outlook, as the carrier posted a record $6.6 billion profit in its 2025–26 annual report, although the impact of regional conflict was only felt during the final month of…
Nigeria moves to establish national leasing company
Minister of Aviation and Aerospace Development, Mr Festus Keyamo has disclosed of plans by the federal government to establish a national leasing company to ease the acquisition of aircraft by the country’s domestic carriers. Mr Keyamo who announced this…
Nigeria unveils UNDP-backed mine-tech innovation hub to drive industrial growth
Victor Nze Nigeria has launched the Mine-Tech University Innovation Pod geared towards repositioning tertiary institutions to become drivers of industrial growth br transiting from raw minerals export to a mining economy. Also known as the Mine-Tech UniPod, the initiative located…
