Motolani Oseni, Author at DAILY TIMES Nigeria

Money

Nigeria’s Trade Surplus Hits N12.64trn in H1, Oil Exports Slide 11.3%

Motolani Oseni 16 September 2025 0

Nigeria recorded a trade surplus of N12.64 trillion in the first half of 2025, even as crude oil receipts weakened by 11.3 per cent year-on-year to N24.92 trillion, according to figures released by the National Bureau of Statistics (NBS) and analysis by Cowry Assets Management Limited. Total

Interviews Oil & Gas

Kachikwu Proposes $1bn Fund, Policy Review to Revive Oil, Gas Investment

Motolani Oseni 10 September 2025 0

Prof. Emmanuel Ibe Kachikwu, a former Minister of State for Petroleum Resources, has proposed expanding the Nigerian Content Intervention Fund (NCI Fund) to $1 billion and reviewing existing oil and gas policies to attract foreign investment and unlock new partnerships in the sector. Speaking at the Nigerian Content Development and Monitoring Board’s (NCDMB) Business

Business

FIRS Seeks Global Reforms to Shield SMEs from Tax Evasion

Motolani Oseni 6 September 2025 0

The Federal Inland Revenue Service (FIRS) has urged global and national leaders to intensify efforts against cross-border economic crimes, warning that tax evasion, abusive transfer pricing, and illicit financial flows undermine fair competition, revenue mobilisation, and long-term economic growth. Speaking at the 42nd Cambridge International Symposium on Economic Crimes

Business

Dangote Refinery Halts Production Unit over Leakages

Motolani Oseni 5 September 2025 0

The petrol-producing unit of the Dangote refinery has been forced offline following catalyst leaks and operational issues, with repairs expected to last at least two weeks, Reuters reported, citing industry sources. According to market monitor IIR Energy, the 204,000 barrels-per-day Residue Fluidised Catalytic Cracking Unit (RFCCU) has been out of service since around 29

Business

IFC Invests $6bn in Africa’s Digital Push as NITDA Seeks Deeper Partnerships

Motolani Oseni 5 September 2025 0

The International Finance Corporation (IFC) has pledged to intensify its support for Africa’s digital transformation, disclosing that it has channelled more than $6 billion into digital infrastructure across the continent over the past decade. Speaking at the inaugural GITEX Nigeria summit in Lagos, Dahlia Khalifa, IFC’s Regional Director for Central Africa and Anglophone

Real Estate and Environment

Rent Defaults Escalate As Rising Costs Deepen Landlord-Tenant Disputes

Motolani Oseni 30 August 2025 0

Persistent rent defaults are intensifying disputes between landlords and tenants, as property lawyers and real estate experts warn that many Nigerians can no longer keep pace with surging rental costs. Findings show that nearly 90 per cent of landlords in the residential sector have raised rents within the past year, with more than a third […]

Economy

How $6bn Local Investments Shift Oil Control to Nigerians

Motolani Oseni 30 August 2025 0

Nigeria’s oil and gas sector is witnessing a historic power shift as more than $6 billion in local investments have moved control of over half of oil production into the hands of indigenous companies, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, said the wave of investments, […]

Money

Analysts Warn Nigeria’s N5.2trn Trade Surplus May Not Hold Forex Stable

Motolani Oseni 27 August 2025 0

Nigeria recorded a robust merchandise trade surplus of N5.2 trillion in the first quarter of 2025, but analysts have warned that the country’s external competitiveness is weakening, raising concerns over long-term foreign exchange sustainability. Data from the National Bureau of Statistics (NBS) show that total trade rose 6.2 per cent year-on-year to N36 trillion in […]