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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US, Iran Digitally Sign Peace Deal To Reopen Strait Of Hormuz
The framework agreement calls for the reopening of the Strait of Hormuz and a 60-day negotiating period focused on nuclear issues, sanctions, and regional security.
U.S. officials say sanctions relief will be phased and tied to!-->!-->!-->!-->!-->…
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Nigeria’s gas production hits 7.93bcf, domestic sales now 2.18bcf/d
Nigeria recorded a slight increase in gas production in May 2026 at 7.93bcf/d, representing a 0.63 percent year-on-year increase from the 7.88bcf/d recorded in the corresponding period of 2025. The Nigerian Upstream Petroleum!-->!-->!-->…
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Oshiomhole Claims NNPC Gave Akpabio’s Daughter Profitable Role Without Following Regular…
The Senator representing Edo North, Adams Oshiomhole, has accused the daughter of the Senate President, Godswill Akpabio, of getting a juicy position in the Nigerian National Petroleum Company Limited (NNPC) without following due!-->!-->!-->…
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US-Iran peace deal set for signing in Switzerland on Friday
A major diplomatic breakthrough appears to have been achieved after the United States and Iran reached a peace agreement aimed at ending months of conflict, with a formal signing ceremony expected in Switzerland on Friday.
According!-->!-->!-->!-->!-->…
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Oil price drops to 3-month low as US, Iran reach agreement to reopen Hormuz
Oil prices slipped to their lowest since March on Monday, June 15, 2026, after United States President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through!-->!-->!-->…
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Ignore IMF’s Advice On Fuel, Telecom Taxes, Economists Tell Federal Govt
Economists have urged the Federal Government to disregard the International Monetary Fund’s (IMF) recent recommendation to impose taxes on fuel and telecommunications services, warning that such measures would worsen inflationary!-->!-->!-->…
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Rough Economy: Local markets flooded with toxic powdered charcoal
The greed to make more profit in an excruciatingly biting economy that Nigerians are now witnessing is rising by the day. In the local Nigerian markets unscrupulous spice merchants are now exploiting the food inflation to heavily!-->!-->!-->…
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Rising Cooking Gas Costs Force Nigerian Households Into Painful Energy Choices
For millions of Nigerian families, the kitchen has become a new frontline of economic survival. As the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has soared by 67% in just one month, households across the!-->!-->!-->…
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NCDMB’s Oil And Gas Park Becomes Operational Q4 2026
The Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal-1, in Ogbia Local Government Area of Bayelsa State will become operational by the fourth quarter of 2026, the Nigerian Content Development and Monitoring Board (NCDMB) has!-->!-->!-->!-->!-->…
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Sierra Leone’s President Pays Tribute to Gen. Abdulsalami
...At Autobiography Launch and 84th Birthday Celebration
His Excellency President Dr. Julius Maada Bio, President of the Republic of Sierra Leone and Chairman of the ECOWAS Authority of Heads of State and Government, joined!-->!-->!-->!-->!-->…
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