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Business

Qatar loads first LNG cargo after force majeure declaration

Qatar has reportedly loaded its first liquefied natural gas cargo after the escalating conflict in the Middle East forced the country to suspend fuel production and declare an unprecedented force majeure to buyers. The tanker departed the LNG export complex on Friday, with ship-tracking data showing showing an increased draft level, indicating that it is […]

Finance

Pension assets hit ₦28.04trn in January 2026

Nigeria’s pension industry kicked off 2026 on a solid footing, with total assets under management rising to N28.04 trillion in January. This figure represents a 2.11 per cent increase from N27.46 trillion recorded in December 2025. It also reflects a 22.64 per cent growth compared to N22.86 trillion in January 2025, based on data from […]

Transcorp Power emerges top NGX weekly gainer
Finance

NGX ETFs suffer heavy losses in February despite index surge

Nigerian Exchange Traded Funds on the Nigerian Exchange experienced huge losses in February despite a soaring month for the broader index. Data compiled by Nairametrics Research from the NGX showed that the total amount traded for ETFs rose from N1.51 billion in January to N2.94 billion in February, while trading volume increased from 6.3 million […]

Opinion

Qatar minister warns oil could hit $150/barrel soon

Qatar energy minister, Saad al-Kaabi, has warned that global oil prices may reach $150 per barrel within weeks. He made the forecast on Friday in an interview with the Financial Times. The warning comes amid expectations that all Gulf energy producers may shut down exports due to ongoing Middle East tensions. Kaabi cited the United […]

Policy and Regulations

Lagos to enforce 2025 land use charge payment soon

The Lagos State Government has notified property owners that it will soon begin enforcement actions against defaulters who fail to pay their 2025 Land Use Charge bills. The announcement follows the official release of the 2026 LUC bills. The state reiterated its commitment to funding critical infrastructure and essential public services through the timely payment […]

Business

Ex-AGF seeks FG’s apology after OPL 245 resolution

A former Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, SAN, has called on the Federal Government to apologise to him following its resolution of the long-standing dispute over Oil Prospecting Licence 245. Adoke, who served as AGF during the administration of former President Goodluck Jonathan, made the demand in a statement on […]

Oil losses continue as Brent oil sells at $78 per barrel
featured Oil and Gas

Brent oil hits $87 amid US-Israel-Iran war

Crude oil prices have surged dramatically toward their largest weekly gain in nearly six years, driven by the escalating military conflict involving the United States, Israel, and Iran. Brent futures reached $87 a barrel on Friday as the conflict severely disrupted shipping through the Strait of Hormuz. This critical waterway handles roughly a fifth of […]

Electricity featured

Nationwide blackout looms as national grid suffers fresh decline

Nigeria’s national grid has recorded another decline in power generation, worsening electricity supply across the country. The announcement signals further strain on an already unstable power sector, with many households and businesses expected to experience longer outages. The latest drop in generation comes amid ongoing challenges in the power sector, including gas supply issues, transmission […]

Technology

FG intensifies push to commercialise university research outputs nationwide

The Federal Government is intensifying efforts to transform scientific research from Nigeria’s universities, polytechnics, and research institutes into tangible products, startups, and industries capable of generating jobs and stimulating economic growth. There is increasing worry in government quarters that numerous innovations created in Nigerian laboratories fail to progress beyond academic papers or research reports. Authorities […]

Business

Sanwo-Olu hails Lagos as Africa’s leading urban powerhouse

Governor Babajide Sanwo-Olu of Lagos State hailed the city as a leading force among Africa’s urban centers, noting that Lagos is actively transforming and redefining economic trends and urban development amid rapid growth. He emphasized that Lagos sits at the forefront of this transformation, serving as a clear indicator across the continent that Africa’s urban […]