Industry

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri speaks during a media briefing to announce the 1.8mbopd crude oil production milestone at the NNPC Towers in Abuja, recently. The Minister is flanked to his right…
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Image credit: Adrienne Surprenant/Bloomberg After years of losing relevance, ATM transactions are making a comeback. Nigerians withdrew ₦15.98 trillion ($10.83 billion) in the first quarter of 2025, a 192.7% jump from the same…
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Bashir Ojulari, NNPC GCEO The Federal Accounts Allocation Committee (FAAC) has extended the ongoing probe and reconciliation of payments made by revenue-generating agencies to December 2025, following unresolved discrepancies in…
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According To Vanguard, October 19, 2025, the Petroleum Training Institute (PTI) has announced plans to unveil a more adaptable modular refinery as part of its commitment to strengthening Nigeria’s local refining capacity and advancing…
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... Bolstering Nigeria’s Revenue Base Gbenga Komolafe The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has remitted a total of ₦6.215 trillion to the Federation Account between January and September 2025, further…
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According to a report by The Punch on Monday, October 20, 2025, as petrol prices near ₦1,000 per litre nationwide, Dangote Refinery has thrown down the gauntlet to fuel marketers, declaring it has over 310 million litres of petrol…
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•Households expect prices to increase coming months •73% rural residents say inflation rate is high  Businesses and house holds have highlighted high interest rates, multiple taxes and poor infrastructure as top three business…
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In the bustling industrial district of Unzaki town in Kano State, a 60-year-old Rukayya Khalid is challenging stereotypes and reshaping Nigeria's transportation landscape. Unlike conventional tricycle dealers who simply assemble…
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For years, many skeptics saw non-interest banking as a contradiction in terms. Where would a bank – or any financial institution, for that matter – find its profits if it did not charge interest for its labour? To some, it seemed…
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FILE PHOTO of IMF flag Nigeria's exclusion from the International Monetary Fund’s (IMF) list of Africa’s fastest-growing economies has again questioned the policies of President Bola Tinubu-led administration, economic analysts have…
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