Ignore calls for cancellation of Tompolo’s pipeline security job, Eradiri begs Tinubu
Udengs Eradiri, former President of Ijaw Youths Council Worldwide, has appealed to President Bola Tinubu to ignore calls to cancel the pipeline security contract awarded to Tantita Security Services, owned by Government Ekpemupolo, also known as Tompolo. He described the calls as driven by enemies of Nigeria and conflict merchants seeking to return violence and […]
IMF upgrades Nigeria’s economic growth forecast to 3.4%
The International Monetary Fund (IMF) has raised its economic growth forecast for Nigeria to 3.4% for the year 2025. This is a slight increase from its earlier estimate of 3.0% released in April 2025, showing some signs of progress in the Nigerian economy. In addition, the IMF also gave a better outlook for 2026. It […]
Nigeria’s economy to expand by 4.17%, inflation to ease in 2025 — CBN Gov, Cardoso
Nigeria’s economy is set for growth, with an expected expansion of 4.17% in 2025. This promising forecast was shared by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, during a recent conference. Cardoso explained that while inflation currently stands at a high 34.80%, it is projected to ease in the coming years. […]
Trump: Why Nigeria’s balance of trade could worsen – Economist, Oyedokun
President Donald Trump’s second term as the United States’ 47th president has introduced new policies that could greatly impact Nigeria’s economy and health system. From oil production to foreign aid, these changes bring both challenges and opportunities for Nigeria. The US plans to increase oil production, which might affect Nigeria negatively. Since oil makes up […]
Bayo Onanuga Responds to Obasanjo as Port Harcourt Refinery Starts Operations
The Nigerian government has hit back at former President Olusegun Obasanjo after news broke that the Port Harcourt refinery has started operations, with trucks loading Premium Motor Spirit (PMS) for the first time. Obasanjo had previously expressed doubts about the possibility of Nigeria’s refineries working under government management. In 2023, he even stated that President […]
Ultra Capital Energy Joins Forces with NIPEX and OGFZA to Strengthen Nigeria’s Oil and Gas Industry
Ultra Capital Energy Limited, a leading energy company and part of Capital Luxury Group, is making significant moves to expand its oil and gas services in Nigeria. The company has formed strategic partnerships with the Nigerian Petroleum Exchange (NIPEX) and the Oil and Gas Free Zones Authority (OGFZA) to enhance the country’s oil and gas […]
Nigeria’s Oil Imports Plunge by 35% in Q2 – CBN Report
Nigeria saw a big shift in its oil imports during the second quarter of 2024, with a 35% drop compared to the first quarter. According to the Central Bank of Nigeria’s (CBN) latest economic report, oil imports fell to $2.79 billion from $4.31 billion in Q1. This decline is part of Nigeria’s ongoing economic adjustments […]