Seplat Energy expects to complete the sale of a 10% working interest in its NNPC joint venture by December 2026 as part of its strategy to optimize assets, strengthen production efficiency, and expand long-term growth.
Category: Business
Nigeria Targets $50 Billion Offshore Oil Investment by 2030 as NUPRC Unveils 22 Major Deepwater Projects!
Nigeria aims to attract $50 billion in offshore oil investments by 2030 through 22 major projects, according to the NUPRC. The initiative seeks to boost crude production, create jobs, strengthen investor confidence, and reinforce Nigeria’s leadership in Africa’s energy sector.
JUST IN: Dangote reduces petrol price to N1,165, diesel to N1,570!
Dangote Petroleum Refinery has reduced the ex-depot price of petrol to ₦1,165 per litre and diesel to ₦1,570, a move expected to lower fuel costs and provide relief for motorists, businesses, and consumers across Nigeria.
Nigeria needs urgent intervention to avert disaster – Donald Duke!
Donald Duke has warned that Nigeria needs urgent intervention to avert a national disaster, citing worsening economic hardship, insecurity, unemployment, and governance challenges while calling for comprehensive reforms.
Oil Majors Post Strong Second-Quarter Profits as Iran Tensions Lift Crude Prices, Trump Pushes for Lower Fuel Costs!
Global oil majors reported strong second-quarter profits as Iran-related geopolitical tensions pushed crude prices higher, while President Donald Trump renewed calls for lower fuel prices for consumers. Wengglobal examines the market impact, political implications, and consequences for Africa and the global economy.
Lagos Equips Nearly 3,800 Residents With Business Tools to Boost Small Enterprises!
Lagos State Government has empowered 3,792 residents with business tools under its Micro Enterprise Support Initiative, boosting entrepreneurship, reducing poverty, and creating sustainable livelihoods across the state.
Nigeria’s New Crypto Tax Rules Explained: Who Pays, Applicable Rates, Exemptions, and Penalties Under the 2025 Virtual Asset Framework!
Discover Nigeria’s 2025 crypto tax guidelines, including who must pay, applicable tax rates, exemptions, compliance requirements, and penalties for virtual asset transactions under the country’s evolving digital asset regulatory framework.
Nigeria’s NEC Approves $3.3 Billion Project Gazelle Refinancing to Cut Borrowing Costs and Boost Economic Liquidity!
Nigeria’s National Economic Council has approved the refinancing of the $3.3 billion Project Gazelle facility to reduce borrowing costs, unlock additional liquidity and strengthen fiscal sustainability as part of the country’s ongoing economic reforms.
NEC Approves $4.5 Billion Project Gazelle 2 to Refinance Oil-Backed Loan, Unlock $3 Billion for Nigeria’s Economy!
The National Economic Council has approved the $4.5 billion Project Gazelle 2 refinancing initiative to restructure Nigeria’s $3.3 billion oil-backed loan, unlock $3 billion in liquidity, strengthen debt sustainability, and support economic growth
Embrace Entrepreneurship, Value Creation, Chrisland University VC Urges Nigerian Youths!
Chrisland University Vice-Chancellor Professor Chinedum Peace Babalola urges Nigerian youths to embrace entrepreneurship and value creation as sustainable solutions to unemployment and drivers of national economic development.
FirstBank Deepens Support for Women Entrepreneurs with ₦10 Million Spark A Gem Grants!
FirstBank has awarded ₦10 million in grants to outstanding female entrepreneurs through its inaugural Spark A Gem Challenge, reinforcing its commitment to women-led businesses with funding, mentorship and long-term business support.
Long-Term Investment: Nigeria’s Capital Market Offers a Reliable Path to Lasting Wealth!
Long-term investing in Nigeria’s capital market provides a reliable path to lasting wealth through ownership, compounding returns, diversification, and disciplined financial planning.
FG Budget: Fiscal Planning or Barefaced Robbery? Questions Mount Over Nigeria’s Public Spending!
Is Nigeria’s federal budget driving national development or fueling concerns over waste and accountability? Weng Global examines the growing debate over public spending, budget transparency and fiscal responsibility.
Dollar to Naira Exchange Rate Today, August 3, 2026: Naira Holds Firm in Official Market!
Check the latest Dollar to Naira exchange rate for August 3, 2026, including the official CBN/NFEM rate, market outlook, and factors influencing the Nigerian currency.
Nigeria’s Record FX Turnover Hides Deeper Economic Risks, Dele Oye Warns as Naira Faces Fresh Vulnerability!
Former NACCIMA President Dele Oye warns that Nigeria’s record foreign exchange turnover masks structural economic weaknesses, cautioning that the naira remains vulnerable without deeper reforms, export diversification, and sustained private-sector growth.