Industry

The new pricing, which took effect on Wednesday, represents a reduction of ₦100 from the previous ₦1,230 per litre in Lagos and ₦95 from ₦1,260 per litre in Abuja. Checks showed that the revised price was already reflected at…
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Global financial markets traded cautiously on Wednesday as oil prices surged again, triggering renewed volatility across equities and currency markets amid escalating geopolitical tensions in the Middle East. Brent crude oil, the…
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...Says local production meets domestic demand The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) suspended the issuance of new import licences in February.  The NMDPRA announced the development in its…
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A presidential aspirant on the platform of the National Rescue Movement, Faduri Oluwadare Joseph, has urged the federal government to restore fuel subsidy to cushion the impact of rising petroleum prices on Nigerians. Joseph made…
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Nigeria’s gross external reserves have surged to about $50 billion, marking the highest level seen since January 2009, according to data from the Central Bank of Nigeria. The reserves, currently at $49.9 billion, reflect an increase…
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The Nigerian Electricity Regulatory Commission (NERC) says electricity distribution companies (DisCos) generated N207.49 billion in revenue from N258.66 billion billed to customers in December 2025. The regulator disclosed this in…
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The Nigerian Electricity Regulatory Commission (NERC) on Wednesday ordered owners of private grid-connected transmission substations to register within 45 days. This was contained in a statement on NERC’s official X handle. The…
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President-General, Coalition of Niger Delta Ethnic Nationalities, Dr Alaye Tari Theophilus, says decentralisation of the pipeline surveillance contract will act as a deterrent to crude oil theft. Theophilus made this statement on…
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…Questions N5bn spent on transition from NNPC to NNPC Ltd …Threatens warrant of arrest The Senate has summoned Mele Kyari, the immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited…
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Managing Director, Shell Nigeria Gas (SNG), Ralph Gbobo during the panel section Nigeria can harness her gas resources for industrialisation if it achieves stable regulatory enforcement, fair pricing and infrastructure ownership models…
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