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Oil and Gas
ExxonMobil's $10bn in Nigeria’s deepwater asset to unlock 180,000 bpd
The decision of ExxonMobil to invest $10 billion in deep-water oil projects in Africa’s biggest oil-producing country is expected to unlock at least 180,000 barrels per day (bpd), BusinessDay’s findings have revealed....
Technology
Nigeria needs a 30-year transformative perspective plan – Part 1
The overall purpose of this two-part article is to make a strong case for a 30-year transformative perspective plan that will give Nigeria a quantum leap from economic doldrums to a vibrant, self-sustaining...
Editor | Sep 23, 2024
Oil and Gas
Nigeria late to gas party as inertia costs Nigeria $30bn
The Nigerian National Petroleum Corporation (NNPC) has finally turned attention to Brass and Olokola Liquefied Natural Gas (LNG) projects, but years of inaction have come at a cost estimated at $30 billion....
Editor | Sep 23, 2024
Election
INEC’s litmus test in Edo: BVAS must prove its worth
The upcoming Edo State governorship election represents a pivotal test for Nigeria's Independent National Electoral Commission (INEC) and its use of the Bimodal Voter Accreditation System (BVAS)....
Editor | Sep 20, 2024
Election
Edo decides: Infrastructure, security, jobs top voters’ concerns
As Edo State goes to the polls on Saturday to elect a new governor, voters say they want a new chief executive officer who will improve the existing infrastructure and secure the people....
Editor | Sep 20, 2024
Economy
How exporters can leverage China’s tariff waiver, $50bn investment offer
Nigeria-China’s economic relations got a boost over the weekend with zero tariffs for goods exported to China from Africa and a $51 billion war chest for African infrastructure within the next three years....
Editor | Sep 13, 2024
Oil and Gas
Marketers to start lifting petrol from Dangote refinery on Sunday
Dangote Refinery is set to commence the distribution of its refined petrol to marketers across Nigeria starting this Sunday, BusinessDay’s findings have revealed....
Editor | Sep 13, 2024
Economy
From Jakarta to Abuja: What Nigeria can learn from Indonesia’s economic reforms
The road to economic reform is rarely smooth, and Nigeria’s current efforts are no exception. Like an echo from the past, the country’s latest market adjustments stir memories of the 1986 Structural Adjustment Programme...
Editor | Sep 10, 2024
Nigerians bear brunt of FG’s petrol subsidy politics
Nkechi Okafor, a 32-year-old small business owner in Nigeria’s commercial capital, drove to a NIPCO petrol station on Monday....
Editor | Sep 10, 2024
Banking
Meet faces behind Nigeria’s banking industry innovation, expansion
Nigeria’s banking industry commenced in the early 20th century during the British colonial period. ...
Editor | Sep 10, 2024
Oil and Gas
Crude oil, pricing roughen NNPC's path to Dangote petrol
Securing a reliable crude oil supply deal and determining the appropriate selling price are two major hurdles facing the Nigerian National Petroleum Company (NNPC)...
Editor | Sep 05, 2024
Economy
Nigeria’s Purchasing Managers Index Expands First Time In 13 Months
Nigeria's economic activity showed signs of recovery as the composite Purchasing Managers' Index (PMI) for August 2024 stood at 50.2 index points...
Editor | Sep 05, 2024
Technology
From Cupertino to Lagos: Business insights from Apple's future readiness with the iPhone 16 and generative AI
Apple is one company that has always been consistent in its innovation and dynamism. Its drive for innovation is once again in the spotlight. ...
Editor | Sep 04, 2024
Oil and Gas
PH refinery sucks $1.5bn without producing oil
Originally scheduled for completion in 2019, the refurbishment and upgrade of the Port Harcourt Refinery, located in Nigeria’s oil-rich Niger Delta region, have remained at the promised stage of every administration since 1999....
Editor | Sep 02, 2024
Nigeria’s domestic dollar bond steals Eurobond shine
In 2016, Ghana issued a dollar-denominated domestic bond to investors resident in the West African country....
Editor | Aug 27, 2024
Dangote/NNPC rift: Nigeria’s petrol import from Malta jumps 43 times to $2.08bn
In 2023, there was a substantial jump in petroleum imports, reaching $2.08 billion. This represents a massive increase compared to previous years and the years with no imports....
Editor | Jul 25, 2024
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