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Nigeria to Begin Urea Exports by 2028, Says NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said Nigeria will begin exporting urea in 2028 as the country positions itself as a major hub for value-added oil and gas products. The authority also disclosed that Nigeria would soon commence large-scale fertiliser exports. The Chief Executive of NMDPRA, Saidu Mohammed, made this known while...
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Tinubu Approves Commercial Oil Drilling in Ogun State

President Bola Tinubu has approved the commencement of commercial oil drilling at Eba in Ogun Waterside Local Government Area of Ogun State. Governor Dapo Abiodun disclosed this on Thursday while receiving the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Abdullahi Mustapha, alongside senior officers of the command, during a courtesy visit to his...
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Women Investors in Africa Champion Local Capital for Growth

Female investors and fund managers have called for deeper mobilisation of local capital as a critical driver of sustainable economic growth in Africa. The appeal was made during a high-level panel at the 2026 World Economic Forum Annual Meeting in Davos, Switzerland. The session, titled “She Builds, She Leads, She Scales: Women Shaping Africa’s Economic...
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EU Halts US Trade Talks Amid Trump Tariff Threats

The European Parliament has suspended its work on a proposed trade deal between the European Union and the United States following renewed tariff threats by US President Donald Trump and his controversial comments on Greenland, according to Reuters. Reuters reported that the decision effectively puts on hold legislative proposals aimed at removing several EU import...
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Nigeria Exports Surge as Regional Manufacturing Gains Tracti

A sharp rise in intra-African trade is beginning to redefine West Africa’s industrial prospects, as fresh data and policy initiatives point to deeper regional integration and expanding manufacturing activity. Figures from the Nigeria Customs Service indicate that Nigeria’s exports to other African markets climbed by 14 per cent to N4.82tn, with more than 60 per...
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FG Targets Local Power Components Production to Save Forex

The Minister of Power, Adebayo Adelabu, has challenged the Energy Commission of Nigeria and the Rural Electrification Agency to deepen collaboration aimed at boosting local production of electricity components, cutting imports, and conserving foreign exchange. Adelabu said the proposed synergy between the two agencies would hinge on coordinated research, robust data gathering, and shared planning...
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Nigerian Ports Attract $1.2bn in Danish Investment

The Ambassador of Denmark to Nigeria, Mr Jens Hansen, has stated that the country, through APM Terminals, has invested approximately $1.2bn in Nigerian ports, with plans to make further investments to expand its operations. In a statement on Tuesday by the Special Adviser to the Minister of Marine and Blue Economy, Dr Bolaji Akinola, Hansen...
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NGX posts N6.88bn modest growth as equities gain

The Nigerian Exchange Limited closed Wednesday’s trading session on a positive note, as equities gained marginally amid broad-based buying interest that lifted market capitalisation by N6.88bn. At the close of trading, the total market capitalisation of listed equities rose to N106.44tn from the N106.43tn recorded in the previous session. At the same time, the All-Share...
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LivingTrust Mortgage Bank Posts N1.01bn Profit for 2025

LivingTrust Mortgage Bank Plc has reported a profit after tax of N1.01bn for the year ended 31 December 2025, according to its unaudited financial statements released on the Nigerian Exchange Limited on Wednesday. The mortgage lender’s profit rose from N854.50m recorded in the previous financial year, reflecting improved earnings and higher operating income during the...
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Naira posts mixed performance at parallel market

The naira recorded a mixed performance on Wednesday, with the currency depreciating slightly at the official window to 1,420.69/$ while appreciating in the parallel market to 1,480/$. According to Nigerian Foreign Exchange Market data on the website of the Central Bank of Nigeria, the local currency shed. In contrast, the currency gained 0.03 per cent...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...