Industry

Landmark acquisitions and strong financial growth reinforce Aradel Holdings’ position as a large-scale integrated energy platform. Aradel Holdings Plc ("Aradel", "Aradel Holdings", "the Company" or "the Group"), Nigeria's leading…
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Sierra Leone signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company rights to explore and produce oil and gas offshore as the country steps up efforts to attract investment into its…
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Professor Shu'aibu Shehu Aliyu, ES A recent engagement between representatives of host communities around the College of Petroleum and Energy Studies, Kaduna (CPESK) and the management of the Petroleum Technology Development Fund…
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Professor Shu'aibu Shehu Aliyu The Petroleum Technology Development Fund (PTDF) officially welcomed Professor Shu'aibu Shehu Aliyu as its new Executive Secretary. He was appointed by President Bola Ahmed Tinubu to lead the agency in…
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Following the federal government’s decisive withdrawal as the sole bearer of electricity subsidies, a profound wave of fiscal realignment and economic anxiety has begun rippling across the country. By mandating that the 36…
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•Wipes out profit, dividend The company reported a loss after tax of N13.853 billion in 2025, reversing the N27.496 billion profit recorded in 2024, as intense price competition and market instability significantly impacted its…
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The Federal Government has released the General Transition Guidelines for the implementation of the Tax Acts 2025. They explain how Nigeria will move from the old tax laws to the new tax system, which took effect on January 1, 2026. …
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Nigeria’s strategic pivot toward natural gas is yielding substantial financial dividends, with export revenues climbing to $2.53 billion in the first quarter of 2026. According to the latest Balance of Payments Highlights released…
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The Federal Government has unveiled plans to deploy seven million electricity meters across the country as part of a major reform programme aimed at ending estimated billing, improving revenue collection and restoring confidence in…
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Quartz · Alex Brandon-Pool/Getty Images Oil prices extended their decline on Thursday after Vice President JD Vance told reporters that tankers carrying more than 12 million barrels had crossed the Strait of Hormuz overnight. By…
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