Sept. 26, 2025 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has approved $510 million Sales Purchase Agreement (SPA) by TotalEnergies Exploration and Production Nigeria Ltd. This agreement allows the transfer of TotalEnergies’…
Category: Business & Economy
Delta to present over ₦1 trillion budget for 2026, targets 67% capital expenditure
Delta State Governor, Rt. Hon. Sheriff Oborevwori, has said the state government is proposing a budget of over ₦1 trillion for the 2026 fiscal year to consolidate the socio-economic and infrastructural development…
Global debt hits record of nearly $338 trillion, says IIF
September 25, 2025 Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global financial conditions, a softer U.S. dollar and a more…
NUPRC clarifies TotalEnergies/Chappal deal
Sept. 25, 2025 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has clarified the status of the TotalEnergies and Chappal Energies deal which first received a ministerial consent on Oct. 28, 2024. Mr….
China to build Africa’s first insulin plant in Nigeria
The Chinese Ambassador to Nigeria, Yu Dunhai, has announced his country’s plans to build Africa’s first local insulin production facility in Nigeria as part of the growing bilateral relations between both nations….
Nigeria’s overnight lending rate falls 100 bps on excess liquidity, policy shift
September 24, 2025 Nigeria’s overnight lending rate fell by 100 basis points to 25.5% on Wednesday, traders said, after the central bank adjusted the interest rate corridor used by commercial lenders to…
Investment: Oborevwori, Jampur Group in talks to boost power, fertilizer production in Delta
Delta State Governor, Rt. Hon. Sheriff Oborevwori, Tuesday, advanced his administration’s investment drive with a strategic meeting with the Jampur Group, aimed at unlocking transformative projects in agriculture, and renewable energy. The…
Investors lose N326bn on NGX
Sept. 23, 2024 The equities market closed on a negative note on Tuesday, as the market capitalisation dropped by N326 billion or 0.4 per cent. Specifically, the market capitalisation closed at N89.198…
14 banks have fully met new capital requirement – CBN
Sept. 23, 2025 The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says 14 Nigerian banks have fully met the new capital requirement in the ongoing recapitalisation exercise. Cardoso said…
Nigerian regulator pulls approval for TotalEnergies’ $860 million asset sale to Chappal Energies
September 23, 2025 TotalEnergies’ sale of a minority stake in a Nigerian onshore oil producer has fallen through, Nigerian regulators said on Tuesday, in a setback to the French oil major’s strategy…