Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon OsakaIn 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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Dangote Refinery makes history as IPO attracts investors from 120 countries, all 54 African nations
Dangote RefineryDangote Petroleum Refinery and Petrochemicals has successfully concluded its landmark Initial Public Offering (IPO), attracting investor applications from 120 countries across all six inhabited continents, including!-->!-->!-->…
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Umeh Questions Fresh Federal Borrowing Despite Reported Revenue Gains
Senator Victor Umeh has questioned the Federal Government’s plan to secure additional external loans, arguing that authorities should explain how previous borrowings have benefited Nigerians before seeking more funds.According to a!-->!-->!-->!-->!-->…
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CBN offers N800 billion Treasury Bills Wednesday as banks hold N6 trillion
….The auction coincides with N2.81 trillion in expected weekly inflows, led by N2.41 trillion in maturing OMO billsThe Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N800 billion in!-->!-->!-->!-->!-->…
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HOUSTON’S MESSAGE TO AFRICA: INNOVATION MUST DELIVER MORE BARRELS, LOWER COSTS AND BETTER RETURNS
By Kunle Odusola-StevensonThe future of Africa’s oil and gas industry will not be determined by the resources beneath its soil alone but by how effectively it deploys technology, attracts investment and translates policy into!-->!-->!-->!-->!-->…
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‘Qatar, Saudi Now Poach Our Best Hands’ PETAN Raises Alarm As Brain Drain Hits Nigeria’s…
● Wole Ogunsanya says Nigeria needs aggressive human capacity devt, $6bn in Equipment to handle 3 million barrels output targetThe Chairman of the Petroleum Technology Association of Nigeria, PETAN, Engineer Wole Ogunsanya, has!-->!-->!-->!-->!-->…
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Winners Emerge in NCDMB Essay Competition
...As Board Highlights Importance of Youths, Manufacturing, to Local ContentGeneral Manager, Corporate Communications Division (CCD), Dr. Obinna Ezeobi presenting the grand prize of the 2026 NCDMB Annual National Undergraduate Essay!-->!-->!-->…
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HOUSTON’S MESSAGE TO AFRICA: INNOVATION MUST DELIVER MORE BARRELS, LOWER COSTS AND BETTER RETURNS
By Kunle Odusola-StevensonThe future of Africa’s oil and gas industry will not be determined by the resources beneath its soil alone, but by how effectively it deploys technology, attracts investment and translates policy into!-->!-->!-->!-->!-->…
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States receive 85% of Nigeria’s resources, FG gets only 15% – Finance Minister
Taiwo OyedeleTaiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, says the subnationals received about 85 percent of Nigeria’s resources, leaving the federal government with 15 percent despite its extensive!-->!-->!-->…
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AKK Gas Pipeline Hits 95% Completion — FG
The Federal Government, on Thursday says it posted a milestone towards expanding Nigeria’s gas infrastructure that targets strengthening domestic supply following 95 per cent completion of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline.
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CBN sells N2.63 trillion OMO bills, N629 billion above initial offer, as stop rates rise
The Central Bank of Nigeria (CBN) sold N2.628 trillion in Open Market Operations (OMO) bills at its October 22, 2026 auction, exceeding its initial N2 trillion offer by N628.52 billion, or 31.43%, as stop rates increased across both!-->!-->!-->…
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