Industry

The global oil market has lost more than $50 billion worth of crude since the Iran war began nearly 50 days ago, with analysts warning that the effects could last for months or even years. More than 500 million barrels of crude and…
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L–R: Chief Investment Officer, NNPC Upstream Investment Management Services Ltd (NUIMS), Mr Olanrewaju Igandan; Lagos State Honourable Commissioner for Tertiary Education, Mr Tolani Sule; Managing Director, Shell Nigeria Exploration and…
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The Federal Government has dismissed reports alleging hidden spending and diversion of federation revenue, describing them as a misrepresentation of findings by the World Bank. A statement by the Minister of State for Finance, Taiwo…
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The presidential candidate of the Action Democratic Party (ADP) in the 2023 general elections, Sani Yusuf Yabagi, has criticised the state of Nigeria’s oil refining sector, describing it as a costly failure despite years of heavy…
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Shareholders of Dangote Sugar Refinery Plc have approved a plan to raise up to ₦500 billion through a rights issue, alongside key board and governance resolutions, at the company’s 20th Annual General Meeting held in Lagos. The…
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Global oil prices climbed sharply on Monday as renewed geopolitical tensions between the United States and Iran intensified supply concerns, pushing Brent crude oil close to $96 per barrel amid rising uncertainty over the stability of…
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In its bid to advance inclusion, celebrate female excellence, and strengthen women's participation across technical and professional sectors, the NNPC Retail Limited (NNPC Retail), a subsidiary of the NNPC Ltd., hosted the second…
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...The CBN disclosed that the development of the benchmark followed a stakeholder engagement session held in February 2026 CBN Office Abuja The Central Bank of Nigeria (CBN) has announced the introduction of the Nigerian Overnight…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured the public of adequate aviation fuel supply across the country, dismissing reports of scarcity and inflated prices of Jet A1. The regulator…
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President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of N68.32 trillion. The President also signed the bill extending the implementation period for the 2025 budget from…
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