2 d. ago Rig Count Rises To 41 As NUPRC Enforces Drill Or Drop Policy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant increase in rig activity, rising from 11 rigs before the Petroleum Industry Act (PIA) to 42 rigs currently in operation. This surge reflects growing investor confidence and a revitalised upstream sector, driven largely by the Commission’s enforcement of the “Drill or Drop” policy. However, […]

Politics

3 d. ago Nigeria On Path To Economic Renewal, Global Respect, FG Tells Forbes

As Nigeria marks 26 years of her return to democratic rule, the minister of information and national orientation, Mohammed Idris, has reaffirmed the federal government’s commitment to rebuilding the nation’s economy, restoring investor confidence and deepening democratic values. In an exclusive interview with Forbes Africa to mark the Democracy Day, the minister defended President Bola […]

Politics

6 d. ago Domestic sources drive $5.96bn inflows into Nigeria’s FX market in May 2025 —FMDQ

Tribune Online Domestic sources drive $5.96bn inflows into Nigeria’s FX market in May 2025 —FMDQ Nigeria’s Foreign Exchange Market (NFEM) recorded total inflows of $5.96 billion in May 2025—a significant 62 per cent increase from $3.67 billion in April—signaling renewed investor confidence and the growing strength of domestic financial activity. According to data from the Financial Markets Dealers Quotations (FMDQ), domestic sources accounted for a commanding 83.2 per cent of […] Domestic sources drive $5.96bn inflows into Nigeria’s FX market in May 2025 —FMDQ Tribune Online

Politics

6 d. ago Fayose Defends Tinubu’s Policies, Says No Miracle Can Fix Nigeria Overnight

Former governor of Ekiti State, Ayodele Fayose, has defended President Bola Tinubu’s government over its economic policies. Fayose stated that Tinubu’s administration has done well in stabilising Nigeria’s economy and believes the country’s turnaround will not happen overnight. The former Ekiti State governor led this out on Monday, after visiting the President at his Lagos […] The post Fayose Defends Tinubu’s Policies, Says No Miracle Can Fix Nigeria Overnight appeared first on Information Nigeria.

Politics

8 d. ago Nigeria’s economic turnaround: Reforms fuel growth and investor confidence

Tribune Online Nigeria’s economic turnaround: Reforms fuel growth and investor confidence Two years after Nigeria’s economic reforms have gained traction with macroeconomic stability returning, foreign capital flowing in, and the economy on a steady trajectory to full recovery, the nation has achieved progress many thought was impossible, and more can be accomplished if the momentum is maintained, writes JOSEPH INOKOTONG. TWO years into President Bola Ahmed […] Nigeria’s economic turnaround: Reforms fuel growth and investor confidence Tribune Online

Economics

8 d. ago NGX banking index leads activity chart as stock market posts weekly gains

Tribune Online NGX banking index leads activity chart as stock market posts weekly gains THE Nigerian Exchange (NGX) experienced vibrant trading activity in the first week of June 2025, with the NGX Banking Index emerging as the top performer. The index led gains across the market, driven by renewed investor confidence and increased interest in banking stocks, reflecting optimism around the sector’s growth outlook. Sector-wise, the Financial Services industry […] NGX banking index leads activity chart as stock market posts weekly gains Tribune Online

Politics

8 d. ago Forest Guards Initiative Will Boost Security, Investment — Ooni

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, has thrown his weight behind the President Bola Tinubu administration’s proposed Forest Guards initiative, describing it as a timely intervention that will boost investor confidence and enhance national security. Speaking to journalists on Sunday after a courtesy visit to President Tinubu at his Ikoyi residence […]

Politics

8 d. ago Tinubu’s Reforms Working, Investments Rising, Says Minister Bagudu

Minister of Budget and Economic Planning, Senator Atiku Bagudu, has said the bold economic reforms of the Bola Tinubu administration were beginning to yield results, with increased investor confidence and rising capital inflows signalling a turnaround for the Nigerian economy. Speaking in Lagos on Saturday night after a courtesy visit to President Tinubu, Bagudu said […]

Politics

8 d. ago Consumer Goods Sector Drives NGX Growth With 40.65% Increase

Nigerian Exchange (NGX) Consumer Goods index has recorded a growth of 40.65 per cent year-to-date as of June 5, 2025, driven by strong demand for essential goods and investor confidence in the sector. This impressive performance reflects the resilience of Nigeria’s consumer goods industry, despite economic challenges. The growth in the index is a positive […]

Politics

1 week ago Nigeria’s tentative turnaround: Multinationals test the waters again

Nigeria’s reputation as Africa’s economic powerhouse has faced significant strain in recent years. Foreign direct investment (FDI) plummeted by 36 read more Nigeria’s tentative turnaround: Multinationals test the waters again

Politics

2 w. ago Moody’s Upgrade Proof Of Credible Reforms, Investor Confidence — Tinubu

The Federal Government has welcomed Moody’s Investors Service’s latest upgrade of Nigeria’s long-term foreign-currency issuer rating from Caa1 to B3, with a Stable Outlook. This is a significant vote of confidence in the country’s economic direction and ongoing reform agenda. The upgrade reflects growing international recognition of Nigeria’s progress in stabilising its macroeconomic environment, enhancing […]

Politics

3 w. ago 40 Next Generation Leaders Emerge At Woodhall Mentorship Programme

In a climate of renewed investor confidence and economic growth, Woodhall Capital International Foundation (WCIF), the philanthropic arm of Woodhall Capital, in collaboration with Mentor Intro Africa, a platform that connects emerging African talent with exceptional mentors has completed its six-week intensive mentorship programme. It was designed to grow the next generation of influential business […]

Politics

3 w. ago EAAIF Raises $325m Debt Facility To Boost Investments In Emerging Market Infrastructure

The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One and part of the Private Infrastructure Development Group (PIDG), has secured $325 million in new debt facilities, demonstrating strong investor confidence and commitment to infrastructure development in emerging markets. This latest financing brings total recent commitments to $620 million, surpassing the Fund’s initial […]

Politics

3 w. ago NUPRC: Strengthening Regulatory Implementation To Broaden Nigeria’s Oil & Gas Opportunity

Available data shows that Nigeria’s oil and gas industry had faced a plethora of challenges, ranging from low investor confidence, dwindling crude oil production worsened by theft and pipeline sabotage, absence of Final Investment Decisions (FIDs) on major projects, the slump of industry annual spends to less than $6 billion in 2021, from a high […]

Politics