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The Chairman, Society of Petroleum Engineers, Nigeria Council, Mr. Francis Nwaochei, has said that the 2026 Oloibiri Lecture & Energy Forum (OLEF 2026) is a defining moment to reposition the industry’s trajectory toward a future…
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Nigeria’s oil sector may be showing signs of recovery, but the benefits are yet to reflect in the daily realities of citizens, raising fresh concerns about how national revenue is managed and distributed. Data from the Nigerian …
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Nigeria’s sub national debt burden climbed to N4.36 trillion in 2025, underscoring growing fiscal pressure on state governments, with Lagos State retaining its position as the most indebted at N1.04 trillion. Latest data released by…
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A group of UN experts called on the European Union to immediately suspend its trade agreement with Israel, arguing that maintaining preferential market access for the Israeli regime is the minimum measure required.under international…
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Global oil prices rallied sharply on Monday, with benchmarks gaining up to 6 per cent as escalating tensions between the United States and Iran heightened fears of supply disruption. International benchmark Brent crude jumped by 5.5…
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Oil and gas companies operating in Nigeria paid an estimated $646 million in gas flaring penalties in 2025, the highest level in five years, as emissions surged. This development revealed persistent gaps in the country’s…
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The global oil market has lost more than $50 billion worth of crude since the Iran war began nearly 50 days ago, with analysts warning that the effects could last for months or even years. More than 500 million barrels of crude and…
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L–R: Chief Investment Officer, NNPC Upstream Investment Management Services Ltd (NUIMS), Mr Olanrewaju Igandan; Lagos State Honourable Commissioner for Tertiary Education, Mr Tolani Sule; Managing Director, Shell Nigeria Exploration and…
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... As Debt Pressure Mounts Fresh records from Nigeria’s Debt Management Office (DMO) have shown that the Federal Government has raised N100 billion through the Unclaimed Funds Trust Fund (UFTF), drawing on dormant bank balances and…
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The Federal Government has dismissed reports alleging hidden spending and diversion of federation revenue, describing them as a misrepresentation of findings by the World Bank. A statement by the Minister of State for Finance, Taiwo…
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