Victor Enengedi

The Dangote Refinery is facing a crude oil supply shortfall, receiving only half of the total cargoes it needs monthly to operate at full capacity A report claims the shortage is not due to a lack of crude oil in Nigeria but due to structural and governance issues within the supply system Data from the NMDRA shows crude deliveries to local refineries fell in May, raising concerns about fuel production and market stability Legit.ng journalist Victor Enengedi has over a decade's experience...

The IMF has warned that Nigeria's below-cost electricity tariffs are generating implicit subsidies that constitute a growing contingent liability on public finances The Fund's 2026 Article IV Consultation Report on Nigeria revealed that electricity sector arrears reached three-quarters of Nigeria's GDP by the end of 2025 The IMF urged the Federal Government to deepen power sector reforms as part of a broader effort to strengthen Nigeria's fiscal position Legit.ng journalist Victor Enengedi...

IMF data has shown that five of Africa’s biggest economies, including Nigeria, contribute a substantial $1.4 trillion to the continent’s GDP The remaining 48 countries contribute to the other half, highlighting a stark economic disparity across Africa While these major economies exhibit notable growth potential, many other nations face persistent challenges that impede their progress Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking...