Industry

Revenue from crude oil taxes and mineral-related earnings accounted for about 66 per cent of the N1.818 trillion disbursed by the Federation Account Allocation Committee (FAAC) for June 2025.  In a statement at the weekend, the…
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Stakeholders in the energy sector have called for the development of energy transition to position the country for opportunities in renewables before the stock of crude oil dries up. The experts who spoke at the third edition of the…
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Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery and establish a free trade zone in Ondo State, Nigeria. The project is a joint venture with the Ondo State Government,…
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As mourners across Nigeria observed the three -day Islamic prayer for the repose of the former President Muhammadu Buhari, one of the projects his administration initiated that will be remembered for a long time to come, is the AKK…
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...Thousands of motorists invested heavily, spending between N1m and N1.5m to retrofit their engines A severe scarcity of Compressed Natural Gas has brought frustration, despair, and economic hardship to motorists in Abuja, forcing…
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The Nigerian equities market sustained its bullish momentum, raking in a massive N3.4 trillion profits in four days. The market gained in all four trading sessions of the week as the Federal Government declared Tuesday, July 15, 2025,…
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A total sum of N1.818 trillion, being June 2025 federation account revenue, has been shared to the federal government, states and the local government councils. The revenue was shared at the July 2025 Federation Account Allocation…
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WTI crude oil traded between a high of $68.34 and low of $64.11 before reaching $66.28 as of Thursday’s close, down $0.86 or -1.28%. The price action reflected competing fundamental forces: escalating geopolitical tensions that…
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adewale adeniyi (comptroller general of customs) Bureau De Change (BDC) operators in Kano have raised alarm over the recent confiscation of undeclared foreign currencies by authorities. Daily Trust reports that the Nigeria Customs…
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Gombe State Commissioner of Energy and Mineral Resources, Alhaji Sunusi Ahmad Pindiga, yesterday disclosed that a team from Gombe and Bauchi State visited the site of Kolmani Oil Well Projects to assure the host communities that the…
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