The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has commended President Bola Tinubu and his administration for their efforts in stabilising Nigeria’s economy. Speaking to journalists on Thursday after meeting the president at the Aso Villa in Abuja, Okonjo-Iweala stressed that economic can’t improve without stability. She added that Tinubu deserved recognition for achieving this. According to her, the government’s reforms have been headed in the right…

Nigeria’s compressed natural gas (CNG) sector has attracted at least $980 million in private investment over the past 18 months, with the number of CNG daughter stations increasing from seven to 350. This announcement was made by Michael Oluwagbemi, Programme Director of the Presidential CNG Initiative (PCNGI), at the launch of the NASENI-Portland CNG daughter station and training centre. Oluwagbemi highlighted that the number of converted vehicles has surged from…

President Bola Tinubu has announced plans for Nigeria’s first-ever National Industrial Manpower Development Policy. Represented by his Vice President, Kashim Shettima at the National Industrial Manpower Summit (NIMS) 2025, he stated that the nation’s greatest asset is its people, not its natural resources. Tinubu stressed the urgent need to close the gap between what the educational system produces and the skills required by the industrial sector. READ ALSO: Tambuwal: Tinubu using…

By Jeremiah Aminu In the corporate sector, various metrics are employed to assess a company’s influence, strength, and value within a given market. Key measures include brand recognition, operational control, net profit, stakeholder networks, revenue, and market capitalisation. Of these, market capitalisation and revenue remain the most widely recognised indicators of a company’s overall value and market influence. By market capitalisation, this simply refers to the total value of a…

Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has stressed the importance of creating “bankable” energy projects to secure a sustainable energy future for Africa. Speaking at the 2025 Nigeria Annual International Conference and Exhibition hosted by the Society of Petroleum Engineers (SPE), Ojulari called on governments and industry stakeholders to collaborate on building an investment-friendly energy sector. Ojulari, who also serves…

Renowned Nigerian author Chimamanda Adichie has expressed deep concern over the severe economic hardship in Nigeria. She stated that the suffering of ordinary citizens is her greatest worry. Adichie, who spoke during an interview on Channels Television’s Amazing Africans, lamented that the country’s economic downturn has pushed many previously stable middle-class families into a state of destitution. READ ALSO: 10 months after, Chimamanda Adichie reveals birth of twin boys She said…

Ondo State Governor, Lucky Aiyedatiwa, has reiterated his administration’s commitment to supporting small and medium-scale enterprises (SMEs), pledging to provide an enabling environment for businesses to flourish across the state. He gave the assurance while receiving two Ondo-based entrepreneurs who recently won national honours at the 2025 National Micro, Small and Medium Enterprises (MSME) Awards held in Abuja and organised by the Presidency. The awardees were Engr. Emmanuel Adewumi of…

Professor of Political Economy, Pat Utomi, has criticised the federal government’s economic direction, saying its relentless push for revenue is doing more harm than good. Sppaking during an interview on Politics Today aired on Channels Television on Friday, Utomi said the government’s “obsession” with generating revenue is weakening the economy instead of strengthening it. “Most non-productive sectors, the political class, for example, and we need to get the resources that…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its commitment to completing the rehabilitation of the Port Harcourt Refining Company (PHRC) and the other two refineries it operates, while officially ruling out any plans to sell the Port Harcourt refinery. This announcement, made by NNPC’s Group Chief Executive Officer, Bayo Ojulari, during a company-wide town hall meeting at the NNPC Towers in Abuja, ends weeks of speculation about…

Dangote Petroleum Refinery and Petrochemicals has formally withdrawn its legal case against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPC Ltd), and five other oil marketing firms. The lawsuit, which was filed at the Federal High Court in Abuja, was discontinued by the refinery’s legal counsel, as confirmed in a notice of discontinuance submitted to the court. Although the notice didn’t specify…

The Labour Party’s 2023 presidential candidate, Peter Obi, has voiced concerns over Nigeria’s escalating debt levels and deepening poverty. In a statement posted on his X account on Tuesday, the former Anambra State governor warned that the country risks severe economic and social consequences if it continues on its current borrowing trajectory. Obi highlighted that on 22 July, the Senate approved a new wave of external loans amounting to $21…

The Federal Government of Nigeria is set to sign a Memorandum of Understanding (MoU) with an international consortium comprising Dalberg Group and Campo Group to advance its Green Legacy Programme. The agreement marks a significant step towards achieving Nigeria’s ambitious environmental targets, including the planting of 25 billion trees nationwide. This development was announced on Monday during a meeting between Vice President Kashim Shettima and representatives of the Dalberg and…