Industry

Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the…
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...As NCDMB, NLNG Advance Local Content The leadership of the Nigerian Content Development and Monitoring Board (NCDMB) and the NLNG Ltd have reaffirmed recommitment to deepen the existing close collaboration between the agencies,…
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Taiwo Oyedele, Finance Minister The federal government has said Nigeria must build a stronger, fairer and more efficient tax system to generate the resources needed to achieve the Sustainable Development Goals (SDGs), warning that the…
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Public commentator, Mahdi Shehu, has blamed what he described as anti-people government policies for the worsening economic hardship in Nigeria. Shehu made the remarks in a post he shared on Tuesday, where he criticised what he…
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The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31% year-on-year to N1,596.25 per litre in May 2026. The figure was higher than the N1,027.76 per litre recorded in May 2025. This is…
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The Independent Petroleum Marketers Association of Nigeria, IPMAN, has raised concerns over the growing financial burden imposed on its members by frequent petroleum product price fluctuations, warning that independent marketers are…
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The Nigerian Content Development and Monitoring Board (NCDMB) is set to commence the issuance of the Nigerian Content Trainers Registration Certificate (NCTRC), as part of its commitment to strengthening local competencies and…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Ministry of Defence have agreed to develop a new security framework that combines advanced technology and community‑focused youth programmes to protect the…
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...Warns against naira abuse The Central Bank of Nigeria has raised alarm over the growing misuse of the naira, warning that persistent abuse of the country’s banknotes is driving up replacement costs and shortening their lifespan. …
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The Major Energies Marketers Association of Nigeria (MEMAN) has warned that recent geopolitical tensions involving Iran and their impact on global oil markets have exposed the fragility of West Africa’s energy security architecture,…
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