7 h. ago Weak incentives could be holding back Nigeria’s productivity

Nigeria risks repeating the cycle of near-reform success syndrome if it does not reform its political institutions—starting with the Independent read more Weak incentives could be holding back Nigeria’s productivity

Politics

10 h. ago Chevron Nigeria To Sustain Deepwater Oil Exploration In Nigeria

Chevron Nigeria’s chairman and managing director, Jim Swartz has said, the company is committed to sustainable deepwater oil drilling in Nigeria, and also highlighting other measures to mitigate production decline in other key assets. Swartz made the remarks while receiving ‘Sustainable Energy Business award ‘ at the eight edition of the Nigeria International Energy Summit […]

Politics

13 h. ago FG targets $100bn GDP boost from creative industries growth – Minister

The Federal Government has set a target of increasing Nigeria’s Gross Domestic Product by $100 billion through strategic investments in the creative industries. The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa Musawa, disclosed this during a press briefing in Lagos on Thursday, emphasising the administration’s commitment to leveraging the sector’s vast potential. Read More

Politics

23 h. ago Nigeria signs pact with Saudi Arabia to boost $7.7trn halal economy

Tribune Online Nigeria signs pact with Saudi Arabia to boost $7.7trn halal economy Nigerian Government has signed a cooperation agreement with Saudi Arabia's Halal Products Development Company (HPDC) to establish Nigeria as a leading player in the global halal market valued at $7.7 trillion. Nigeria signs pact with Saudi Arabia to boost $7.7trn halal economy Tribune Online

Politics

27 h. ago Two firms partner to provide aircraft maintenance solutions in Lagos

International aircraft engine, avionics, and aviation product manufacturer Honeywell Aerospace has partnered with ExecuJet Nigeria Free Trade Enterprises, a Fixed-Base Operator and Maintenance, Repair, and Overhaul facility in Lagos, for avionics and engine installations on aircraft. On Thursday, both companies signed a Memorandum of Understanding (MoU), marking their first business collaboration in the aviation sector. Read More

Politics

33 h. ago Ecobank promotes innovation, Nigerian creativity with exhibition

Tribune Online Ecobank promotes innovation, Nigerian creativity with exhibition Ecobank Nigeria has championed Design and Innovation Exhibition 2025 to promote innovation and creativity of Nigerian designers. The event highlights Nigeria’s top talents in furniture, product, and industrial design. With the theme “Building a Made-in-Nigeria Brand,” the exhibition celebrates the creativity, innovation, and craftsmanship of Nigerian designers and manufacturers while focusing on industrialization and export […] Ecobank promotes innovation, Nigerian creativity with exhibition Tribune Online

Politics

57 h. ago NNPC Shipping, Caverton Launch Partnership To Drive Energy Transport Industry

NNPC Shipping, Stena Bulk, and Caverton Marine Limited have announced a groundbreaking partnership to revolutionise Nigeria’s maritime transportation sector. This strategic collaboration, formalised and signed in London last week, aims to establish a robust tanker operation catering to the region’s crude oil, refined products, and LNG shipping requirements, bolstering Nigeria and West Africa’s energy supply […]

Politics

60 h. ago Group Commends Dangote Refinery For Sustaining Quality, Ending Fake Fuel Era

First, Nigeria’s privately owned petrochemical refinery belonging to Alhaji Aliko Dangote has received great commendations for sustaining the production and distribution of quality petroleum products in Nigeria. Douglas Inedu, President of the Independent Monitors Group on Economic Reforms, said in a statement he signed on Tuesday that the patriotic act of the Dangote refinery ended […]

Politics

3 d. ago We control 50% of Nigeria’s oil production, say local oil producers

The Independent Petroleum Group (IPPG) has applauded the federal government on the conclusion of the divestment deals by International Oil read more We control 50% of Nigeria’s oil production, say local oil producers

Politics

3 d. ago Food Production: Nigeria Receives First Batch Of Farm Implements From Belarus

The Federal Government has received the first batch of 2,000 tractors and 9,027 other farming equipment from Belarus as part of efforts to enhance mechanised farming and accelerate food production across the country. The Special Assistant to the President on Social Media, Dada Olusegun, confirmed the development in a video posted on X.com on Tuesday. […]

Politics

3 d. ago Food Security: Hope rises as NADF, ARCN begin review of agric research system

Tribune Online Food Security: Hope rises as NADF, ARCN begin review of agric research system The Nigerian agriculture research system received its last attention from the government over 25 years ago, as Nigeria continued to battle low crop yield and poor animal production amidst surging population. Research is the basis of agricultural production. Without an effective research system, farmers will be unable to get viable seed for planting, livestock production […] Food Security: Hope rises as NADF, ARCN begin review of agric research system Tribune Online

Politics

4 d. ago Troops arrest 17 oil thieves, recover 25,000 stolen products

From Tony John, Port Harcourt Troops of 6 Division, Nigerian Army, working closely with other security agencies have continued to dominate the operational landscape, with the arrest of 17 suspected oil thieves across the Niger Delta region (NDR). Acting Deputy Director, 6 Division Army Public Relations, Lieutenant Colonel Danjuma Jonah Danjuma, said in several operations […] The post Troops arrest 17 oil thieves, recover 25,000 stolen products appeared first on The Sun Nigeria.

Politics

4 d. ago PETROAN lauds Tinubu’s ban on large fuel trucks, raises job loss concerns

The Petroleum Products Retail Outlets Owners Association of Nigeria has praised President Bola Tinubu for banning trucks carrying over 60,000 litres of hydrocarbon products, a move aimed at curbing tanker accidents and explosions. Effective March 1, 2025, the ban prohibits trucks exceeding 60,000 litres from loading at depots, while from Q4 2025, trucks carrying over Read More

Politics

6 d. ago Enhanced Oil Production Key To Nigeria’s Economic Diversification – Elumelu

Founder of Heirs Energies, Tony Elumelu, has said Nigeria must ramp up oil production to generate revenue for economic diversification. “We want to take it to over 2 million. We know that we need oil money to diversify Nigeria away from oil. And we need to have the money to help develop our country at […]

Politics

6 d. ago Nigeria can make $10bn annually, create 2m jobs through cotton production – Majekodunmi

By Remi Adefulu Ms. Ololade Majekodunmi, Managing Director, House of Dorcas Integrated Services (HDI), is one of the few young women making waves in the agric sector, cultivating over 10 hectares of cotton across five states. Majekodunmi, who holds a degree in fashion and sustainable textile design and an MBA from the University of West […] The post Nigeria can make $10bn annually, create 2m jobs through cotton production – Majekodunmi appeared first on The Sun Nigeria.

Politics

7 d. ago Elumelu Urges Higher Oil Production For Nigeria’s Economic Growth

The chairman of Heirs Holdings, Mr Tony Elumelu, has stated that Nigeria needed increased oil production to fund the country’s economic diversification and development. Elumelu stated this on Thursday at the Nigeria Petroleum Industry Leadership Discourse in Abuja, highlighting the crucial role of oil revenues in driving industrialisation, energy security, and infrastructural growth. The discourse, […]

Politics

7 d. ago Higher oil output key to Nigeria’s economic growth – Elumelu

The chairman of Heirs Holdings, Tony Elumelu, has underscored the urgent need to boost Nigeria’s oil production to finance economic read more Higher oil output key to Nigeria’s economic growth – Elumelu

Politics

7 d. ago Nigeria’s 2.06m bpd crude oil target in 2025 achievable – Lokpobiri

Nigeria’s target of 2.06million bpd crude oil production target in 2025, is achievable, the Minister of State for Petroleum, Heineken Lokpobori has said. Lokpobori said this on Thursday in Abuja at the Nigeria Petroleum Industry Leadership Discourse, with the theme: “Nigeria’s Oil Production Growth Roadmap Acceleration Imperatives’’ organised by Heirs Energies Limited. ”The 2025 budget Read More

Politics

7 d. ago Nigeria needs oil money for economic diversification, development – Elumelu

The Chairman of Heirs Holdings, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s economic diversification and development. Speaking on Thursday in Abuja at the Nigeria Petroleum Industry Leadership Discourse, he emphasised the importance of oil revenues in driving industrialisation, energy security, and infrastructural growth. The meeting, convened by Heirs Read More

Economics

8 d. ago Nigerian cocoa processor Johnvents secures $40.5m UK investment to expand production, export

Johnvents, a Nigerian agribusiness and manufacturing firm, on Tuesday signed a $40.5 million loan deal with UK’s Development Finance Institute read more Nigerian cocoa processor Johnvents secures $40.5m UK investment to expand production, export

Politics