Industry

The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N1.727 trillion, being November 2024 Federation Accounts Revenue to the Federal, States and the Local Governments. The revenue was shared at the December…
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nnpc Not a few Nigerians have noticed the recent price war of sorts between imported fuel and locally refined variety, which has ensued with the new dispensation of increase in local refining capability by Nigeria. The war formally…
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The Central Bank of Nigeria (CBN) has said that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the N1,000, N500, and N200 denominations of the Naira indefinitely.…
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A coalition of civil society (CSO) groups has given amplification to the question raised by human rights lawyer, Mr. Femi Falana (SAN), over the $2.9 billion released for the rehabilitation of three local refineries in Nigeria. The…
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The House of Representatives Committees on Finance and National Planning questions the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) over its financial practices, particularly the high personnel costs and a significant drop…
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By Saidu Abubakar The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday executed the engineering, procurement, and construction contract with Julius Berger PLC for the development of Oloibiri Museum and Research…
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Nigeria added 150,000 barrels per day to its crude production in November 2024 as it continues to pursue an ambitious 2 million barrels per day target. According to the Organisation of the Petroleum Exporting Countries (OPEC),…
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In a significant achievement for regional energy integration, Dangote Refinery, in partnership with Neptune Oil, has completed the first-ever export of Premium Motor Spirit (PMS) from its refinery to Cameroon, Vanguard newspaper gas…
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Nigeria’s creaking grid with a transmission wheeling capacity of 8,100MW cannot move more than 5,000MW without the entire system cranking up. Within the last 25 days of 2022, the grid has collapsed three times. Nigeria’s national power…
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Again, national grid collapses 12th time in 2024 Nigeria has again been thrown into darkness following another collapse of the national power grid today. It's on record that since January 2024 to date, the grid has collapsed 11…
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