Industry

A Russian business mission under the national Made in Russia brand will begin on 13 October 2026 in Cape Town as part of African Energy Week 2026. The delegation will comprise 13 companies seeking to develop partnerships with…
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The Nigerian National Petroleum Company (NNPC) Limited has reaffirmed its commitment to supporting the Federal Government’s efforts to providing relief for Nigerians amid elevated global crude oil prices arising from the Middle East…
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Professor Emeritus Wumi Iledare By Saidu Abubakar The Federal Government’s proposed 30-day petrol discount at NNPC stations can be economically defensible if it remains a targeted, temporary welfare intervention rather than a return…
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According to a report by Vanguard News on October 8, 2026, the Nigeria Labour Congress (NLC) has given the Federal Government a two-week ultimatum to take steps to reduce the price of petrol to the level it was when the current…
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Taiwo Oyedele The Federal Government has announced a fresh package of measures to cushion the impact of high petrol prices on Nigerians, including a 30-day margin discount at NNPC Limited stations, a proposed ₦1,350 per litre ceiling on…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed two filling stations in Port Harcourt, Rivers State, for allegedly under-dispensing petroleum products to motorists and other consumers. The…
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Nigeria’s crude oil production has reached 1.8 million barrels per day (mb/d), according to the Nigerian National Petroleum Company (NNPC) Limited. This increase represents a notable recovery for the country, which has faced years of…
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The minister of state, Petroleum Resources (Gas), Ekperikpe Ekpo, has said that Nigeria is fast- tracking efforts to transform the country’s gas resources to increasingly serve as a catalyst for industrialisation, power generation,…
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Adewale Adeniyi The Comptroller-General of Customs (CGC), Adewale Adeniyi, has pledged the full support of the Nigeria Customs Service (NCS) for the realisation of Nigeria’s ambition to build a $1 trillion economy, stressing the need…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has recovered over 50 fallow oil fields for new licensing rounds following a strict enforcement of the Petroleum Industry Act (PIA) provisions on acreage management,…
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