August 16, 2026
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Author name: Alison Godswill

Nigeria Defies Africa's FDI Slump, But Continent Loses Ground in Global Investment Race

Nigeria Defies Africa’s FDI Slump, But Continent Loses Ground in Global Investment Race

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Nigeria Defies Africa’s FDI Slump, But Continent Loses Ground in Global Investment Race By Eyo Nsima Nigeria emerged as one of Africa’s strongest investment performers in 2025, even as the continent suffered a sharp decline in foreign direct investment (FDI), underscoring both the country’s renewed appeal to investors and the broader challenge of Africa’s shrinking […]

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Nigeria’s Fuel Prices Show Wide Regional Gaps as West Africa Eyes New Trading Hub

Top cheapest depots to buy petrol, diesel as Dangote leads market

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Top cheapest depots to buy petrol, diesel as Dangote leads market   By Eyo Nsima Dangote Petroleum Refinery has retained its position as Nigeria’s cheapest source of petrol and diesel, while Matrix, Sigmund and Sobaz emerged among the country’s most competitive private depots, according to the latest Daily Depot Price Intelligence Report. The report for

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Saudi Arabia retains OPEC crown as UAE surges, Nigeria ranks seventh in June output

Saudi Arabia retains OPEC crown as UAE surges, Nigeria ranks seventh in June output

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Saudi Arabia retains OPEC crown as UAE surges, Nigeria ranks seventh in June output   By Eyo Nsima Saudi Arabia remained the largest crude oil producer in the Organisation of the Petroleum Exporting Countries (OPEC) in June 2026 despite a decline in output, while the United Arab Emirates (UAE) recorded the biggest monthly increase to

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Aba Power Pledges Electricity Restoration This Week as Abia Assembly Power Committee Visits Company

Aba Power Pledges Electricity Restoration This Week as Abia Assembly Power Committee Visits Company

Leave a Comment / Power /

Aba Power Pledges Electricity Restoration This Week as Abia Assembly Power Committee Visits Company   Power power supply to the Aba Ring-fenced Area consisting of nine of the 17 local government areas (LGAs) in Abia State will be resorted this week. This fact was disclosed today by a former Minister of Power, Prof Bart Nnaji,

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Oando Revenue Hits ₦2.1trn as Oil, Gas Output Rises 16% in H1

Oando Revenue Hits ₦2.1trn as Oil, Gas Output Rises 16% in H1

Leave a Comment / Oil & Gas /

Oando Revenue Hits ₦2.1trn as Oil, Gas Output Rises 16% in H1   Oando Plc recorded a 20 per cent increase in revenue to ₦2.1 trillion in the first half of 2026, driven by higher oil and gas production, improved operational efficiency and lower operating costs, as the indigenous energy company continues to unlock value

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158 Days Since USA War: Oil market remains volatile as Hormuz uncertainty persists

156 Days Since USA-Iran War Began: Africa counts gains as oil prices remain firm, but inflationary risks persist

Leave a Comment / US-IRAN WAR /

156 Days Since USA-Iran War Began: Africa counts gains as oil prices remain firm, but inflationary risks persist By Team Countdown Nearly five months after the outbreak of the United States-Iran conflict, Africa’s oil-producing economies continue to enjoy relatively firm crude oil prices, providing a much-needed boost to government revenues, foreign exchange earnings and investment

156 Days Since USA-Iran War Began: Africa counts gains as oil prices remain firm, but inflationary risks persist Read More »

NCDMB opens 10th national undergraduate essay competition

NCDMB opens 10th national undergraduate essay competition

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NCDMB opens 10th national undergraduate essay competition   The Nigerian Content Development and Monitoring Board (NCDMB) has announced the commencement of entries for the 10th edition of its Annual National Undergraduate Essay Competition, aimed at promoting research, innovation and critical thinking among young Nigerians on issues of local content development. According to the Board, entries

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155 Days Since USA-Iran War Began: African Oil Producers Face Revenue Pressure as Crude Prices Slump Since U.S.-Iran War

155 Days Since USA-Iran War Began: African Oil Producers Face Revenue Pressure as Crude Prices Slump Since U.S.-Iran War

Leave a Comment / US-IRAN WAR /

155 Days Since USA-Iran War Began: African Oil Producers Face Revenue Pressure as Crude Prices Slump Since U.S.-Iran War Oil-producing African nations are coming under increasing fiscal pressure following a sharp decline in global crude oil prices in the aftermath of the U.S.-Iran conflict, raising concerns over government revenues, foreign exchange earnings and investment in

155 Days Since USA-Iran War Began: African Oil Producers Face Revenue Pressure as Crude Prices Slump Since U.S.-Iran War Read More »

NCDMB, BOI launch $100m equity fund, offer up to $5m per indigenous oil firm

NCDMB, BOI launch $100m equity fund, offer up to $5m per indigenous oil firm

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NCDMB, BOI launch $100m equity fund, offer up to $5m per indigenous oil firm   In a move aimed at providing a new financing solution for Nigeria’s oil and gas service sector and accelerating local content development, the Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) on Friday inaugurated the

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Editorial: NCDMB's $100m Equity Fund Can Transform Indigenous Oil Firms—If Transparency Prevails

Editorial: NCDMB’s $100m Equity Fund Can Transform Indigenous Oil Firms—If Transparency Prevails

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Editorial: NCDMB’s $100m Equity Fund Can Transform Indigenous Oil Firms—If Transparency Prevails   The decision by the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with the Bank of Industry (BOI), to establish a $100 million Nigerian Content Equity Fund (NCEF) marks a significant shift in the financing architecture of Nigeria’s oil and gas

Editorial: NCDMB’s $100m Equity Fund Can Transform Indigenous Oil Firms—If Transparency Prevails Read More »

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