Industry

The National Bureau of Statistics (NBS) has revealed that the average retail price of Premium Motor Spirit (PMS), popularly known as petrol or fuel, rose by 33.02 per cent year-on-year to ₦1,024.99 per litre in July 2025 compared to…
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The Nigeria Data Protection Commission has commenced a sector-by-sector investigation of organisations suspected of violating provisions of the Nigeria Data Protection Act 2023. Babatunde Bamigboye, NDPC’s head of legal,…
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Nigeria’s Bonny Light crude oil grade slid below the $70 per barrel mark, reflecting rising domestic output that exceeded the Organisation of Petroleum Exporting Countries and allies’ (OPEC+) quota. The grade, which had traded as…
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Nigeria is set to marking one of the fastest downstream expansions globally as crude oil output remained above its OPEC+ quota of 1.50 mb/d for the second consecutive month, averaging 1.50 mb/d in July (June: 1.50 mb/d), underpinned by…
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...Funds Billion-Dollar Projects Bioko Consulting (Equatorial Guinea), KAI Asia Consultancy Ltd (Malta), and the Asia Development & Investment Bank (Malaysia) today signed a landmark Memorandum of Understanding (MOU) to…
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Adebayo Adelabu, minister of power, says Nigeria is planning to secure a $190 million renewable energy loan “supported by the Japan International Cooperation Agency (JICA). According to a statement from the ministry on Saturday,…
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L-R: General Manager, Deepwater Oil, Shell Nigeria Exploration and Production Company Limited (SNEPCo) Iyke Nnoaham; SNEPCo’s Managing Director, Ronald Adams; Executive Chairman, Petroleum Technology Association of Nigeria (PETAN), Wole…
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The African Export-Import Bank (Afreximbank), a multilateral financial institution will provide buffer as it moves to support new transactions across the continent as the continent strives to make energy poverty history by 2030. The…
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The federal government has projected that the Lekki Port will generate $200 billion revenue for the country in 45 years of its concession period. The Minister of Blue and Marine Economy, Mr. AdegboyegaOyetola, stated…
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According to a report by This Day Live on Friday, August 22, 2025, Aliko Dangote, the President of Dangote Industries Limited (DIL), has defended his business empire against long-standing allegations of attempting to monopolise key…
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