By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a rise in crude oil and natural gas output in January 2026, even as overall petroleum revenue declined sharply. According to the NNPC Monthly Report Summary for January, crude oil production, including condensates, reached 1.64 million barrels per day (bpd)—up 5.81% from…
By Ayomide Otitoju Sunbeth Global Concepts Limited has successfully completed Series 1, 2, and 3 issuances under its Commercial Paper Programme, raising ₦165.73 billion—well above the ₦100 billion initially targeted. The offering, which ran from February 27 to March 6, 2026, was structured across three series with tenors of 179, 270, and 364 days, providing…
By Ayomide Otitoju The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has assured that the upcoming Creative Africa Nexus (CANEX) 2026 and the Intra-African Trade Fair (IATF) 2027, both to be hosted in Lagos, will set new standards as the best of their kind on the African continent. Sanwo-Olu made the pledge on Monday during…
By Ayomide Otitoju The Federal Republic of Nigeria has officially signed the host agreement for the fifth Intra-African Trade Fair (IATF2027), taking over from Algeria, which hosted the fourth edition that recorded US$49.94 billion in trade and investment deals. The signing ceremony was held in Lagos, in partnership with the African Export-Import Bank (Afreximbank), the…
By Ayomide Otitoju Japan Tobacco International Nigeria (JTI Nigeria) has reaffirmed its commitment to gender equity and inclusive leadership as it joins the global community in observing International Women’s Day 2026. Speaking on the occasion, General Manager Abdallah Simba highlighted that empowering women is both a social responsibility and a driver of sustainable business success….
By Ayomide Otitoju The Naira opened at ₦1,398.24 per US dollar in the Nigerian Foreign Exchange Market (NFEM) early Tuesday, briefly rising to ₦1,398.82 before appreciating to ₦1,396.24 by mid-morning as supply from the Central Bank of Nigeria (CBN) and authorised dealers met market demand. Authorised dealers noted that the apex bank’s proactive management of…
European gas prices surged by as much as 30 percent on Monday as the escalating Middle East conflict rattled global energy markets and heightened fears of prolonged supply disruptions. The benchmark Dutch TTF natural gas contract climbed to €69.50 before easing slightly, though it remained below the levels recorded at the start of Russia’s 2022…
The escalating war in the Middle East is already sending shockwaves across Europe, pushing up energy prices and exposing NATO allies to security threats, Ursula von der Leyen said on Monday. The president of the European Commission warned that the growing conflict is producing immediate spillover effects across the region and beyond. Oil prices surged…
By Ayomide Otitoju For many Nigerians, the dream of owning a home has remained elusive due to rising property prices, persistent inflation, and high commercial lending rates. However, a new mortgage initiative by FirstBank of Nigeria Limited aims to make homeownership more attainable. In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund…
