Saturday, November 14, 2026

Economy

October 16, 2026

Kaduna consumers cut food consumption amid rising prices

A market survey showed that many households can no longer afford bulk purchases.

Food Items at Utako Market, Abuja (Credit: Ahmed Oluwasanjo)
October 16, 2026

NBRDA,‌‍‌‌‍‌ EHCON explore biogas solution to abattoir waste challenge

Nigeria’s abattoir waste could become a source of renewable energy under a new partnership between two agencies seeking better environmental management, authorities have said.

National Biotechnology Development Agency (NABDA)
October 16, 2026

Liberia launches 2026 offshore licensing round, offering 15 blocks to investors

Qualified companies are invited to negotiate offshore exploration opportunities, with submissions closing April 15, 2027.

Oil rig
October 16, 2026

Uganda reaffirms commitment on refinery completion by 2030

Uganda has reaffirmed its commitment to complete its domestic refinery by 2030, noting that commercial oil production will precede it.

Oil pipelines
October 16, 2026

Africa needs $125 billion refining investment from 2026 to 2050: OPEC

OPEC says Africa needs a minimum of $125 billion in refining investment between now and 2050 to fund current and future projects.

OPEC
October 16, 2026

Gas exporting countries forum forecasts 20% growth in global energy demand by 2055

Global energy demand is projected to increase by 20% by 2055, rising from 641 exajoules in 2024 to 768 EJ, driven by economic and population growth.

Oil facility
October 16, 2026

Senegal opens 104 blocks to investors target new upstream contacts

Senegal has made 104 oil and gas blocks available to investors and is seeking new upstream contracts to boost exploration and production.

OILFIELD
October 16, 2026

FG plans N85 million mortgage limit, 40% allocation for informal workers

The federal government is proposing to increase the maximum mortgage loan from N50 million to N85 million to improve access to homeownership.

Rabe-Darma
October 16, 2026

World Bank mobilises $112 billion private capital to boost job creation

The World Bank Group says it mobilised $112 billion in private capital in the last financial year, a threefold increase from about $35 billion in the 2022 financial year.

October 16, 2026

Nigeria seeks AfDB, ECOWAS bank funding for refugees, announces return of 7,000 citizens

Humanitarian affairs and poverty reduction minister Bernard Doro made the appeal on Monday at the 77th executive committee session of UNHCR in Geneva.

African refugees