Nigeria produced an estimated 402.86 million barrels of crude oil between January and September 2026, with the output valued at approximately ₦52.11 trillion based on monthly average production rates, Bonny Light prices and an exchange rate of ₦1,331 to the dollar.
The United States has warned its citizens against travelling to 11 African countries, placing them under the highest level of its travel advisory system because of serious security and health threats.
President Bola Tinubu has shut the door on any return to petrol subsidy, declaring that Nigeria will not reverse one of the most consequential economic decisions of his administration despite continuing concerns over its impact on the cost of living
President Bola Tinubu has approved an 18-month extension of the tenures of the Controller-General of the Nigerian Correctional Service (NCoS), Sylvester Ndidi Nwakuche, and the Comptroller-General of the Nigeria Immigration Service (NIS), Kemi Nanna Nandap.
The Nigerian equities market (NGX) opened the week on a negative note on Monday, as market capitalisation declined by ₦1.469 trillion to close at ₦159.256 trillion from an opening value of ₦160.725 trillion.
The Federal Ministry of Finance has challenged recent reports, based on the World Bank’s October Nigeria Development Update, that interest payments consumed 124 per cent of Federal Government revenue in the first half of the year.
The Presidency has clarified Governor Seyi Makinde’s claim that the Federal Government is withholding N250 billion in NLNG dividends for each state of the federation, saying his view is false.
For decades, the NNPC Limited has occupied a central but complicated position in Nigeria’s economy. It is simultaneously a commercial enterprise, a custodian of the country’s interests in the petroleum industry and a strategic instrument of government energy policy. Reconciling these responsibilities with the discipline required of a modern commercial enterprise has remained a defining challenge.
50 persons have been officially confirmed dead, and 70 others are receiving treatment in four local hospitals following the explosion of a petrol tanker at Oluku along the Benin-Lagos Expressway in Ovia North-East Local Government Area of Edo State.
