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Nyeson Wike, FCT Minister According to a report by Punch Newspaper on Thursday, August 20, 2026, Nyesom Wike, the Minister of the Federal Capital Territory, has defended the Federal Government’s decision to remove fuel subsidy, accusing…
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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over alleged alterations to the Petroleum Industry Act, citing the removal of some fiscal provisions and moving them to the Nigeria…
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Nigeria’s energy sector is entering another decisive phase, marked by a striking contradiction: the country is increasingly capable of producing energy commodities for international markets, yet domestic businesses and consumers…
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Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele The Federal Government has said the economic reforms introduced by the administration of President Bola Tinubu saved Nigeria from a possible petrol price of…
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Key Points Iran says it will keep the Strait of Hormuz closed until the United States fulfils conditions under their June memorandum Brent crude rises to around $91.72 per barrel while West Texas Intermediate (WTI) trades at…
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Nearly 3,000 people in Badagry Local Government Area of Lagos State benefitted from the latest edition of the Vision First initiative of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and…
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The Economic and Financial Crimes Commission (EFCC) has recovered 2.3 million litres of diesel worth about N4.485 billion from a Lagos-based oil company. The diesel was allegedly taken from Prudent Energy and Services Limited and…
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The Dangote Petroleum Refinery and Petrochemicals (DPRP) has secured a US$1 billion underwriting programme ahead of its planned Initial Public Offering (IPO), marking a major step toward broadening investment in one of Africa’s most…
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Nigeria can produce more than twice the cement it consumes, yet prices have climbed to as much as ₦15,000 per bag. The FCCPC is now investigating possible shady deals The Federal Competition and Consumer Protection Commission…
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Oil prices rose on Monday as stalled Iran talks raised concerns over supply disruptions. Brent gained 0.5% to $88.95 a barrel, while WTI rose 0.3% to $82.65. Both gained more than 5% last week. Slower shipping through the Strait of…
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