Kelvin Emmanuel: Nigeria Has No Strategic Petroleum Reserves To Benefit From Global Oil Crisis
Kelvin Emmanuel says Nigeria lacks strategic petroleum reserves and tanker fleet needed to benefit from global oil crisis.
Kelvin Emmanuel says Nigeria lacks strategic petroleum reserves and tanker fleet needed to benefit from global oil crisis.
CBN introduces stricter BVN rules, limiting phone number changes and creating watchlist for suspected fraudulent banking transactions.
NNPC remitted N121.3bn PSC profit in February under Tinubu’s new order mandating full oil revenue transfer.
Dangote Refinery hikes petrol ex-depot price to N1,175 per litre after global crude surge raises refining costs.
CBN directs banks to deny new loans and banking services to large-ticket obligors with non-performing facilities.
Petroleum economist Lucky Ighoyota says surveillance contracts improved oil security, raised production levels and created thousands of jobs.
Nigeria’s crude oil production declined by 10% to 1.31 million barrels per day in February, according to OPEC.
CBN Governor Olayemi Cardoso says Nigeria’s reforms and policy buffers will help the economy withstand global shocks.
Energy analyst Gbolahan Olojede says Nigeria may gain oil revenue windfall from Middle East crisis despite rising petrol prices.
Investec economist Lara Hodes says finance and agriculture sectors led South Africa’s modest economic growth in 2025.
In win for Dangote, NMDPRA suspends new petrol import permits after Africa’s richest man’s refinery demonstrates capacity to meet Nigeria’s demand.
Nigeria’s Q4 2025 foreign trade drops to N36.21 trillion, crude oil exports decline while non-oil trade grows.
ActionAid’s Azubuike Nwokoye warns reduced agricultural funding could worsen food insecurity and undermine sector growth in Nigeria.
Oil and Gas Consultant, Olabode Sowunmi. says Nigeria’s crude production and local refining help cushion global supply disruptions.
Nigeria’s petrol imports fell sharply in February as Dangote Refinery drove domestic supply, meeting about 92% of market demand.
CPPE has urged the federal government to support investments in domestic refineries amid rising global crude oil prices.
Nigeria, Afreximbank and partners have signed an agreement for Lagos to host the 2027 Intra-African Trade Fair.
Globus Bank has surpassed the N200 billion minimum capital requirement for commercial banks with national licences.
NNPC recorded N2.57 trillion revenue in January 2026, representing a 46.7 percent drop from December earnings.
Lagos advances international financial centre project, stakeholders gather in UK as part of plans to position Nigeria as major finance hub.
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