Business & Economy

Oil Prices Climb Above $95 As US-Iran Conflict Threatens Gulf Sipplies

adminSeptember 2, 2026

Global oil prices have risen sharply following renewed military exchanges between the United States and Iran, with investors increasingly concerned that the conflict could affect crude shipments through the Strait of Hormuz, a major route for international energy supplies. Brent crude climbed above $95 per barrel, while US West Texas Intermediate also recorded gains. The...

FG: $2bn CNG Investment To Cut Transport Costs

adminSeptember 1, 2026

The Federal Government says more than $2 billion in private-sector investment has been secured to expand Compressed Natural Gas (CNG) infrastructure and accelerate the transition to cheaper and cleaner transportation across Nigeria. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the investment was already driving the expansion of refuelling facilities, vehicle conversion centres...

Eket Branch: Eno Tasks Fidelity Bank On TSA, VAT Account Compliance

adminSeptember 1, 2026

Idara Jerome, Eket Akwa Ibom State Governor, Pastor Umo Eno, has tasked Fidelity Bank Plc with sustaining its collaboration with the state government on the Treasury Single Account (TSA), particularly in the management of the state’s Value Added Tax (VAT) account. The governor also cautioned the bank against allowing the opening of unauthorised revenue-holding accounts...

Energy firms invest $4million for expansion of solar mini-grids in Nigerian states

adminAugust 31, 2026

In attempts to ensure expansion and access to renewable energy in Nigeria, All On and Energise Africa, EA, say they have invested a total of $4 million for the development and deployment of solar-powered mini-grids across 19 communities in Jigawa and Bauchi States. In a statement made available to newsmen in Uyo on Monday, the...

Fair Finance Coalition Tasks CBN, National Assembly On Stronger Banking Regulation

adminAugust 28, 2026

Idongesit Mishael, Uyo The Central Bank of Nigeria (CBN) and the National Assembly have been urged to strengthen regulation and oversight of financial institutions to ensure that banks’ lending and investment decisions do not undermine the environment, human rights and livelihoods of host communities. The call was made Friday by the Fair Finance Nigeria Coalition...

Nigeria drops to 56th in Global Finance ranking of poorest countries

adminAugust 25, 2026

Nigeria has slipped to 56th position among the world’s 60 poorest countries measured by GDP per capita at purchasing power parity (PPP), according to a 2026 ranking by Global Finance magazine. The country recorded a GDP per capita of $9,532.92, down from 44th position in the 2025 ranking, placing Nigeria among a group dominated by...

China-Nigeria Trade Hits $17.4bn As Zero-Tariff Policy Boosts Nigerian Exports

adminAugust 25, 2026

Nigeria’s exports to China recorded a sharp increase in the first half of 2026, pushing bilateral trade between both countries to $17.4 billion, amid a new zero-tariff arrangement covering Nigerian products. The Chinese Consul General in Lagos, Yan Yuqing, disclosed this at the 2026 Nigeria International New Energy and Power Industry Expo and Nigeria International...

Energy Firm Launches Innovation Ecosystem Development Programme in Nigeria

adminAugust 24, 2026

An off-grid energy impact investment company, ‘All On’ on Monday August 24, 2026 launched its Innovation Ecosystem Development Programme (AO-IEDP) aimed to support clean energy startups and entrepreneurs within the organisation’s hub. The 12-month incubation and prototype development programme will provide technical expertise, hands-on development, access to appropriate equipment and facilities, mentorship and necessary support...

A’Ibom Govt Targets 110,000 Women Through Cooperatives

adminAugust 21, 2026

The Akwa Ibom State Government says it is set to empower about 110,000 women across the state through cooperative societies, with at least 300 women to be selected from each ward for the programme in October. Governor Umo Eno announced the initiative in Uyo during the launch of the Federal Government’s rural women empowerment programme...

Sanwo-Olu Urges Power Stakeholders to End Persistent Blackouts in Lagos

adminAugust 20, 2026

Lagos State Governor, Babajide Sanwo-Olu, has called on stakeholders in the power sector to take firm action to address inadequate electricity supply and improve power availability across the state. According to Channels TV, Sanwo-Olu made the call on Thursday at a high-level strategic town hall meeting on developing a sustainable 24-hour electricity economy in Lagos....

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