Here is the New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news stories making headlines from Monday, August 17, 2026, to Saturday, August 22, 2026.
PENGASSAN Demands NASS Review Of Tinubu’s Oil Executive Orders
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Bola Tinubu to forward his recent Executive Orders on the oil and gas industry to the National Assembly for consideration as an Executive Bill to amend the Petroleum Industry Act (PIA).
PENGASSAN made the demands in a communiqué issued on…Read more
Domestic Capital Drives NGX Rally As Foreign Investors Await Re-Entry
Mr Aigbovbioise Aig-Imoukhuede, Managing Director of Coronation Asset Management, has said the rally in the equities market during the first seven months of 2026 was mainly fueled by domestic capital, not foreign investors.
Aig-Imoukhuede, who spoke at the H1 2026 Capital Market Review, said the…Read more
Drillship Arrives Nigeria For Esso’s Usan $1bn Project For 40,000b/d
Esso Exploration and Production Nigeria (Offshore East) Limited, operator of the Usan field located in Oil Mining Lease (OML) 138 has announced the arrival of the Noble Gerry de Souza in Nigerian waters. It explained that the Usan Infill Project is supported by a cumulative $1 billion investment by the OML 138 partners and underscores Esso’s confidence in Nigeria’s improving investment environment.
A statement from Blessing O. Anikulapo, Esso Exploration & Production…Read more
FG Moves To Address Cargo Distribution Imbalance In Nigeria Seaports
The Federal Government is planning to address the persistent imbalance in cargo distribution between Lagos and Nigeria’s eastern ports. It noted that a more balanced…
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