Business

•Set to launch Nigeria Infrastructure Finance Guarantee Platform By Emma Ujah,   The Nigeria Sovereign Wealth Fund (NSIA) and the World Bank are working towards financing large scale power and ports infrastructure projects in Nigeria. Briefing the press on the 2025 financials of the Authority in Abuja yesterday, NSIA’s Managing Director, Mr. Aminu Umar-Sadiq, said to this effect […]

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By Udeme Akpan, Energy Editor The NNPC Limited has concluded plans to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026, up from the five cargoes supplied in previous months. The move, it was gathered, reflects NNPC’s commitment to prioritising domestic crude supply in the coming months. However, reacting in an […]

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•Oil to last another 59 years By Obas Esiedesa, Abuja Nigeria’s oil and condensate reserves recorded a marginal decline of 0.74 percent to 37.01 billion barrels as of January 1, 2026, while gas reserves rose by 2.21 percent, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In its official declaration of the national petroleum reserves position, […]

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By Rosemary Iwunze The pension industry has commenced moves   to establish   an investment consortium aimed at bridging the huge infrastructural gap in the country. Director General of the National Pension Commission, PenCom, Ms. Omolola Oloworaran, disclosed this yesterday at a press briefing in Lagos after the first Pension Industry Leadership Council (PILC) meeting. Oloworaran disclosed that PILC […]

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