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The Nigerian National Petroleum Company (NNPC) Limited has announced a slight drop in oil production in February 2026. In its monthly report, the oil firm said production dropped to 1.51 million barrels per day from the 1.64 million…
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These operational improvements are expected to support sustained revenue generation in the coming months The Nigerian National Petroleum Company Limited (NNPC) said it remitted a total of N1.804 trillion to the Federation Account in…
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The World Bank has removed its most recent Nigeria Development Update (NDU) report from its official website. The withdrawal occurred three days after the global financial institution initially published the report on April 7, leading…
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When Adebayo Adelabu took office as Nigeria’s Minister of Power in August 2023, he promised that the country would reach 6,000 megawatts of electricity generation by the end of that year. He stated that the lights would come on.…
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Oritsemeyiwa Amanorisewo Eyesan, to head the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The implementation of the Petroleum Industry Act (PIA) and a revamped regulatory framework is reshaping Nigeria’s upstream…
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The Federal Government has inaugurated a Gas-to-Power Monitoring Committee to address persistent gas supply challenges affecting electricity generation in the country. Speaking at the inauguration in Abuja, the Minister of Power,…
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According to a report by Vanguard on Thursday, April 9, 2026, the Trade Union Congress of Nigeria has raised concerns over a possible sharp increase in the price of Premium Motor Spirit across the country, warning that it could rise to…
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…Pass vote of confidence on Tantita, security agencies, NNPC The joint committees on Petroleum Resources of the National Assembly have dismissed three petitions challenging the pipeline surveillance contract, while passing a vote of…
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New $Mounting debt tests Nigeria’s resilience as N200trn mark nears debt pushes liabilities above N155trn  More debts, no solution to challenges Worry over debt usage and transparency Debt servicing costs a noose   A…
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The World Bank has advised the federal government against treating rising oil revenues as a basis for increased spending or funding subsidies. While higher global oil prices are expected to boost government revenues in the short…
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