Author: Ogooluwa Aremu

Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.

Shell Signs Deal to Sell Nigeria Gas Business to Vaaris Energy

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Shell Signs Deal to Sell Nigeria Gas Business to Vaaris Energy Shell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses. Elohor Aiboni, Shell’s Country Chair in Nigeria, said the transaction would provide a platform for the domestic gas distribution business to grow under new ownership. “Shell Nigeria Gas has served industrial and commercial customers in Nigeria for more than 25 years, supported by the commitment and expertise of its people,” Aiboni said. “We believe…

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NESG, FG Call for Actionable Solutions to Translate Economic Reforms into Jobs, Shared Prosperity

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NESG, FG Call for Actionable Solutions to Translate Economic Reforms into Jobs, Shared Prosperity The Federal Ministry of Budget and Economic Planning and the Nigerian Economic Summit Group (NESG) on Wednesday called on stakeholders to move beyond diagnosing Nigeria’s economic challenges and focus on actionable solutions that translate ongoing reforms into productive investment, job creation and improved living standards. The call was made at a World Press Conference ahead of the 32nd Nigerian Economic Summit (NES#32), scheduled for October 26–27, 2026, at the Transcorp Hilton, Abuja, under the theme “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity.” The Minister…

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NICA Urges World Bank, IMF, AfDB to Make Africa Credit Ready

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NICA Urges World Bank, IMF, AfDB to Make Africa Credit Ready The National Institute of Credit Administration (NICA) has urged the World Bank, International Monetary Fund (IMF) and African Development Bank (AfDB) to deepen the credit economy in Africa. Prof. Chris Onalo, Registrar and Chief Executive Officer of NICA, made the call in a statement on Friday. Onalo, popularly known as “Mr Credit”, urged global financial institutions to support the development of credit management infrastructure across the continent. He said Africa could not achieve inclusive growth if its nations and citizens remained outside the formal credit system. According to him,…

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NNPC GCEO Urges Global Collaboration to Unlock Africa’s Energy Potential

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NNPC GCEO Urges Global Collaboration to Unlock Africa’s Energy Potential The Group Chief Executive Officer of NNPC Ltd., Bashir Ojulari, has called for stronger global and continental partnerships to unlock Africa’s vast energy resources and drive sustainable economic growth. Ojulari made the call on Tuesday while delivering the keynote address at the opening of the 2026 Nigerian Oil and Gas (NOG) Energy Week in Abuja. Speaking on the theme, “Forging Africa’s Strategic Energy Growth Through Global Collaboration,” the NNPC boss said Africa’s greatest challenge was not a lack of hydrocarbon resources or talent, but the fragmentation of the institutions needed…

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