Economy
FG seeks $1.5bn World Bank loans as public debt hits ₦166.79tn
Nigeria’s public debt stock reached a record peak of ₦166.79 trillion at the end of June 2026, according to recent figures released by the...
Kenya fast-tracks plans for mega Dangote oil refinery in Lamu
The proposed East African oil refinery in Lamu, Kenya, is set to dwarf its Nigerian counterpart with a processing capacity of 700,000 barrels per...
Eko DisCo leads Nigeria’s power sector in July revenue recovery: NERC
Eko, Port Harcourt, and Benin electricity distribution companies emerged as the top commercial performers in July 2026, recording recovery efficiency levels of 94.67 per...
Nigeria meets OPEC target with 307m barrel output over six months
Nigeria produced about 307 million barrels of crude oil and condensate between March and August 2026, according to data from the Nigerian Upstream Petroleum...
Petrol cheaper in Nigeria than U.S., Africa: Minister
Mounting pressure on domestic energy costs has drawn a defence of downstream deregulation from the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri,...
