Nigeria's current account surplus reached $3.42bn in Q3 2025, driven by a 44% surge in refined fuel exports. This marks a pivotal shift as domestic refining capacity grows, reducing import dependency. Discover the details and what it means for the economy
Borno State boosts economy with $800k leather exports and launches a new industrial hub with a dry port. Governor Zulum presents N890.33bn budget for 2026. Read more.
Nigeria's current account surplus dropped sharply to $3.42bn in Q3 2025, a 41% decline. Explore the CBN data on oil exports, remittances, and rising external obligations shaping the nation's balance of payments.
Nigeria is Africa's top exporter of football talent, ranking 9th worldwide. Discover how local academies and global leagues fuel this success. Read more!
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
President Bola Tinubu nominates Oritsemeyiwa Eyesan, an NNPC veteran with 33 years of experience, as the new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Discover her career journey and strategic impact on Nigeria's oi
A new US blockade on Venezuelan oil shipments could slash production and halve exports, pushing the economy deeper into crisis. Experts warn of severe impacts.
President Tinubu held a private meeting with NMDPRA CEO Farouk Ahmed following explosive allegations by Aliko Dangote of corruption and economic sabotage in Nigeria's oil sector.
President Tinubu seeks Senate confirmation for new oil sector chiefs after Farouk Ahmed and Gbenga Komolafe resign. The move follows Aliko Dangote's public allegations of multi-million dollar school fees payments. Read the full details.
A Federal High Court in Warri has dismissed a suit seeking to invalidate key Petroleum Industry Act provisions on host community liability. The court affirmed the Act's validity. Read the full details.
NMDPRA boss Engr Farouk Ahmed denies authorising a viral defence against corruption claims. He opts for institutional probe over public brickbat as ICPC reviews Dangote's petition.
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Aliko Dangote petitions ICPC, alleging NMDPRA MD Farouk Ahmed misused public funds for children's Swiss tuition. Lawyers group condemns 'media trial'. Full story.
A coalition of Civil Society Organisations has defended the NMDPRA against claims of undermining regulatory independence. They absolve CEO Farouk Ahmed of corruption, citing his adherence to the PIA. Read the full story.
Nigerian Ports Authority reports a massive 1,085% jump in export containers, with total cargo throughput reaching 33.5 million metric tonnes in Q3 2025. Read the full analysis of Nigeria's booming maritime trade.
The House of Representatives committee has summoned Aliko Dangote and NMDPRA leaders to halt public feuding and resolve sector tensions. Read the full details.
The House Committee on Petroleum (Downstream) outlines a legislative push to strengthen local refining and stabilise Nigeria's fuel sector ahead of 2026. Read the full plan.
The House of Representatives has stepped in to mediate the escalating conflict between Dangote Refinery and the NMDPRA. Both parties have been summoned to present their cases. Read the full story.
Truck Transit Parks' ETO platform has increased agricultural exports by over 464% since 2021. It plans expansion to five more states and new tech to cut port delays in 2026.
Gbenga Komolafe, NUPRC CEO, elected AFRIPERF chairman. Nigeria chosen as headquarters, marking a major step for Africa's energy governance and regulatory cooperation.
Nigeria Customs Service intercepts smuggled fuel worth N181.6 million near Cameroon border in eight weeks. ACG Kolapo Oladeji warns smugglers face life imprisonment. NNPCL also announces another petrol price cut.
The Nigerian Ports Authority is enhancing port-hinterland connectivity to streamline non-oil exports from the North. Learn about new Export Processing Terminals and digital reforms.
WTO DG Ngozi Okonjo-Iweala and Nigeria's Minister Jumoke Oduwole warn developing countries that sidelining services trade risks growth. Africa holds just 2% of global share. Read more.
China pledges zero-tariff access for Nigerian exports, accelerating economic ties. This move aims to deepen bilateral cooperation and mark 55 years of diplomatic relations. Explore the details and implications for Nigeria's trade future.
China's Ambassador to Nigeria announces readiness to expedite zero-tariff policy for Nigerian goods, boosting trade ahead of 55th diplomatic anniversary and 2026 cultural exchanges. A major win for Nigeria's exporters.
African Swine Fever detected in Spanish wild boars, causing major trade disruptions. Nigeria's importers should monitor the situation closely for potential market impacts.
Discover how 'rare earth' metals from China power everything from smartphones to fighter jets. As the EU plans to boost production, learn why these elements are a global strategic chip.
Algerian & Nigerian customs pledge stronger collaboration on training, modernization & trade facilitation. Delegation from Nigeria studies Algeria's oil export procedures to boost efficiency.
More than 200 golfers will compete in the Dr. Jackson Gaius Obaseki @ 80 Golf Tournament in Benin City from December 3-6, 2025. A grand tribute to the former NNPC GMD.
TY Logistics Park launches in Lekki to reverse Nigeria's $1.7bn annual logistics drain with a tech-driven model. Discover how it cuts costs and boosts SME exports.