…activities accounted for 96.08% of GDP, while manufacturing grew by 3.29% and the oil sector by 2.57%,” emphasising that the gains had reinforced his administration’s confidence in the path of recovery and diversification. President Tinubu stated, however, that his administration’s ambition must go beyond favourable st…

…in 2027, driven by continued foreign exchange reforms and strong performance in the non-oil sector. Analysts from Coronation Asset Management broadly backed these projections, pointing out that their internal estimate for 2027 annual average inflation sits very close to the multilateral lender’s forecast at 14.56 per c…

…the economy had grown by more than four per cent in 2026, with both the oil and non-oil sectors contributing to what he described as a period of stable growth. He also cited a reduction in oil theft, a substantial fall in inflation from its peak, rebuilt foreign reserves and greater stability in the foreign exchange ma…

…economic growth of more than four per cent, contributions from both the oil and non-oil sectors, reduced oil theft and a substantial decline in inflation from its peak. He also said foreign reserves had been rebuilt, the foreign exchange market had stabilised and non-oil export revenue exceeded $6 billion in 2025. “The…

…in its Gross Domestic Product, GDP, report for Q2’26 noting that both the oil and non-oil sectors grew in the review period, rising by 7.3 percent YoY and 4.3 percent YoY, respectively. NBS said: “GDP grew by 4.43 percent YoY in real terms in the Q2’26, higher than the 4.23 percent recorded in the Q2’25. “During the qu…

…called for stronger cooperation between the two agencies to ensure that reforms in the oil sector translated into greater revenue and improved development outcomes for Nigerians. The RMAFC chairman also thanked the NUPRC management for honouring the commission’s invitation and expressed the readiness of both institutio…

…to deliver measurable results.Group commends NNPC and NUPRC over growth in Nigeria's oil sector >CFEAD particularly highlighted more than $20 billion in gas sale and purchase agreements secured by NNPC over the past year, describing the deals as a major vote of confidence in Nigeria’s energy market.PAY ATTENTION: From…

…per litre. The petrol price movement reflects the dynamic nature of Nigeria’s downstream oil sector. Despite falling domestic petrol prices in Nigeria, Brent and West Texas Intermediate crude stood at $91.90 and $84.60 per barrel, respectively, at the time of reporting. Dangote Refinery: Nigerian filling stations reduc…

…gross domestic product (GDP) growth to approximately 4.2 percent’’. NESG said the oil sector is expected to sustain its growth, supported by improved domestic crude oil production, reflecting better security conditions and the gradual implementation of upstream reforms. The group said increased domestic refining activi…

…saying they shouldn’t come, but let us guide them so that what we experienced in the oil sector is not repeated. “Our call to the government remains the same: we are not anti-development, but the government needs to do the needful. Let civil society have access to this MoU so that we know what is in it. If we know what…

…subsidy regime, an opaque forex system that discouraged investment, a non-performing oil sector, and a tax base ‘far below its potential’.” The revenue authority said the initial impact of the reforms created significant economic difficulties but maintained that the country’s major economic indicators had subsequently…

…East.Could Nigerian Petrol Prices Come Down?Under Nigeria's deregulated downstream oil sector, pump prices are shaped by a combination of international crude costs, the naira-dollar exchange rate, freight charges, and domestic distribution costsA sustained drop in global crude prices generally reduces what importers an…

…capacity in the oil and gas industry. The post NCDMB trains 50 Nigerian youths to boost oil sector manpower appeared first on Tribune Online.

…new facility and NNPC Limited’s improved negotiating position following three years of oil sector reforms aimed at attracting fresh investment from international oil companies and boosting domestic production capacity.

…although the country’s digital economy has become the fastest-growing driver of the non-oil sector, policy uncertainty and declining investor confidence are slowing its full potential. According to him, the Information and Communication Technology, ICT, sector contributed 10.07 per cent to Nigeria’s real Gross Domestic…

…peacefully at his home at the age of 84. Sir Ian amassed his wealth in the North Sea oil sector where he developed the engineering and consultancy enterprise. The business began as a family fishing operation before Sir Ian assumed control in 1967. Throughout the following decades, he established a distinct engineering…

…and enhanced banks’ capacities to fund large‑scale projects and stimulate non‑oil sector growth. Similarly, Euromoney analysed the post‑2005 banking landscape in Nigeria, stressing that the phasing out of small “one‑man” banks led to zero‑tolerance policies on infractions and accelerated the deployment of robust tech i…

…lAdetutu writes from Abuja The post How NUPRC is rebuilding confidence in Nigeria’s oil sector appeared first on Vanguard News.

…at 37.90 percent, followed by manufactured products with 25.04 percent and the oil sector with 19.63 percent, reflecting continued reliance on imported raw materials, machinery and petroleum products. Food products accounted for 10.57 percent of total FX utilisation, while the transport sector represented 5.25 percent.…

…Act, PIA. The stakeholders said sustained oversight was critical to ensuring that oil-producing communities benefitted fully from the PIA. The call came at a one-day town hall meeting on "Maximizing the Benefits of Host Community Development Trusts in Host Communities in the Niger Delta,'' in Port Harcourt. Speaking on…

…and ranking it 81st on the NGX in terms of year-to-date performance. Geregu is the only oil sector underperformer, which lost 10.7% off its N1,141.50 year-opening price valuation after last trading close at N1,019.30 per share, ranking it 118th on the NGX in terms of year-to-date performance. An average investor who he…

…powerhouse, Sterling Bank Limited hosted the second edition of its “Excel in Non-Oil Export” Forum in Lagos around the theme, “Reclaiming Sovereignty: Value Addition, Compliance, and the Future of Nigeria’s Non-Oil Export.” Co-convened with Sunbeth Global Concepts Limited, the forum gathered leading […]

…"low-hanging fruit," saying the agency ignored her efforts to tackle corruption in the oil sector and the powerful enemies she made as Nigeria's first female petroleum minister. "The long arm of the law when you go into other countries, particularly in politically motivated cases, needs to have a lot more sensitivity,"…