Industry

*Brent for March settlement added 0.8% to $64.47 a barrel at 12:07 p.m. in London Oil swung between small gains and losses as traders weighed the fallout from the US push for Greenland. Brent traded near $64 a barrel. President…
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Nigeria’s crude oil production, including condensate, declined sharply by 8.3 per cent year-on-year to 1.544 million barrels per day in December 2025, according to data released by the Nigerian Upstream Petroleum Regulatory Commission…
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The Federal Government has allocated over N1.1 trillion to the power sector in the 2026 Appropriation Bill, an amount higher than the N900 billion budgeted for the sector in 2025. However, stakeholders have raised concerns as no…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ramped up real-time flare monitoring via advanced metering infrastructure, issuing over ₦10 billion in fines last year alone, reaffirming its commitment to eradicating…
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The Nigerian Exchange Limited (NGX) closed 2025 on a strong note as the total market value of listed equities, debt instruments, and Exchange Traded Funds (ETFs) soared to an unprecedented N149.7 trillion, buoyed by renewed investor…
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*Says deeper trust among employees and stakeholders will define the company's future The Group Chief Executive Officer (GCEO) of NNPC Limited, Mr. Bashir Bayo Ojulari, has said that the company is entering 2026 with a collaborative…
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Federal Secretariat, Abuja Despite the recent launch of paperless operations by the Federal Government through the Head of Civil Service of the Federation, many ministries, departments and agencies allocated huge sums of money running…
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Seplat Petroleum Development Company Plc Seplat Seplat Energy Plc at the weekend reiterated that oil and gas will continue to play a critical role in Nigeria’s energy mix, while stressing the need for operators to conduct their…
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Oil steadied as tensions over Iran cooled and wider markets had a risk-off tone with President Donald Trump’s push to take Greenland. Brent traded near $64 a barrel, while West Texas Intermediate was above $59. While there wasn’t a…
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Standards Organization of Nigeria SON Standards Organisation of Nigeria (SON) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have certified the use of the synthetic lubricant product PIBREUM SN-9000 5W-30.…
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