Industry

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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Business owners and households expect the level of inflation to taper, over the next three months, the Central Bank of Nigeria (CBN) Inflation Expectation report shows. According to the report, 50 per cent of business respondents…
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Social media users have taken to their official X account to react after All Progressive Congress, APC chieftain and former governor of Kaduna state, Mallam Nasir El-Rufai shared a report stating that in 2023, Nigeria's GDP was…
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Reps Urge CBN To Address Cash Crunch The House of Representatives Tuesday expressed concern over the ongoing cash crunch in commercial banks across the country, calling on the Central Bank of Nigeria (CBN) to address the situation…
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It attributed the potential price increase to galloping inflation, rising exchange rate and high operational cost Aba Power Limited Electric, APLE, says plans are underway to increase electricity tariffs in its franchise area by…
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