Industry

The management of the Dangote Petroleum Refinery has dismissed recent reports suggesting that the multi-billion-dollar facility has been shut down due to operational challenges. In a statement issued on Friday, the refinery’s…
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Millions of people face difficulties in meeting their basic needs. The National Social Investment Program (NSIP) was created to help those in need, with over ₦421 billion disbursed through various cash transfer programs since its…
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The Onitsha River Port Manager, Mr Martins Osazuwa, says the port can generate N10 billion annually if fully operational. Osazuwa disclosed this in Onitsha while speaking with the News Agency of Nigeria (NAN). He confirmed a…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised an alarm over growing threats to the country’s energy future, citing declining investment, oil theft, and regulatory uncertainties as major challenges. In a…
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Global oil prices took a hit on Thursday, marking a sixth consecutive session of declines, following news of an upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin. The announcement, confirmed by…
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One of Africa’s most prominent businessmen and oil magnates, Femi Otedola, has revealed that his dominance of Nigeria’s diesel market was not driven by sheer ambition, but by necessity and an urgent response to the deep dysfunction…
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Former African Regional Director, Society of Petroleum Engineers (SPE), Engr Anthony Ogunkoya presenting the award to Oluwatobiloba Aribike, Front End Well Engineer deepwater, Shell Nigeria Exploration and Production Company Limited…
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The Nigerian independent, Belema Oil Limited, has staunchly remained the producer of a trickle of crude, averaging 210 Barels of Oil Per Day (BOPD), from the Oil Mining Lease (OML) 55  in June 2025, ten years after the company…
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A civic society organization, Oduduwa Transparency Network, OPN, has tasked the Attorney General of the Federation, AGF, and the Economic and Financial Crimes Commission, EFCC, to urgently investigate an alleged scheme to funnel…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released a detailed report on the concession status of 243 oil blocks across Nigeria, dismissing claims that 220 of these assets were abandoned. The announcement, made…
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