Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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Energy Crisis Remains Nigeria’s Biggest Obstacle to Industrialization – Emir Sanusi
Emir of Kano, Muhammadu Sanusi II
The Emir of Kano, Muhammadu Sanusi II, on Friday said Nigeria’s inability to provide reliable, affordable and sustainable energy remained the country’s greatest obstacle to industrialisation, economic!-->!-->!-->…
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EAC States Struggle To Meet Single-Currency Convergence Rules
The East African Community's ambition to launch a single currency remains constrained by a widening gap between institutional preparations and economic reality, after the bloc's own budget disclosure showed no evidence that any partner!-->!-->!-->…
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Five Nigerian Football Stars Who Have Built Off Pitch Businesses
Professional football careers are notoriously short, which forces elite athletes to think about their post-sport careers very early. While many stars struggle to manage their wealth after hanging up their boots, several Nigerian!-->!-->!-->…
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Reps vow to repeal obsolete laws hindering businesses
Speaker of the House of Representatives, Abbas Tajudeen
Speaker of the House of Representatives, Hon. Abbas Tajudeen, has pledged that the National Assembly would repeal obsolete laws that hinder business growth as part of efforts to!-->!-->!-->…
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Nigeria: Paradox Of Poor Citizens In A Rich Nation
Poverty
Few countries in the world embody the contradiction between wealth and poverty as starkly as Nigeria. Blessed with abundant crude oil, one of the largest natural gas reserves in Africa, vast deposits of solid minerals, fertile!-->!-->!-->…
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Recent World Bank, IMF Data On Nigeria Says Nearly 8 in 10 = Poor + At Risk
Compiled by Saidu Abubakar
About 139 million Nigerians (61% of the population) live below the national poverty line, surviving on less than the equivalent of a few dollars a day, while 79% remain near-poor or vulnerable to falling!-->!-->!-->!-->!-->…
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No N210tn Missing From NNPC Accounts – Bala Wunti Tells Senate
Former Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Alhaji Bala Wunti, has assured the Senate that no ₦210 trillion is missing from the Nigerian National Petroleum Company Limited (NNPC Ltd.)!-->!-->!-->…
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NUPRC Advocates Peaceful Environment For Project Implementation
…Lauds TotalEnergies for peace at OML 58
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said yesterday that the Host Community Development Trust (HCDT) Fund can be implemented only in a peaceful community.
This was!-->!-->!-->!-->!-->!-->!-->…
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2030 Oil, Gas Targets Requires $38.3bn Investment, Verheijen Says
Mrs Olu Verheijen
The Special Adviser to the President on Energy, Mrs Olu Verheijen, has said Nigeria requires about $38.3 billion in fresh investment to sustain current oil and gas production and achieve its 2030 output targets.
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NUPRC To Reveal Successful Bidders for 50 Oil, Gas Assets July 21
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will, at the Commercial Bid Conference, announce the successful bidders for 50 oil and gas blocks in the 2025 Licensing Round on July 21, 2026.
The regulator said the!-->!-->!-->!-->!-->…
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