Industry

By Gideon Osaka Four months into Mr. Bayo Ojulari’s tenure as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), the atmosphere at the company’s base in Abuja remains tense, marked by…
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By Dr. Wisdom Enang The recent slump in global oil prices presents a serious threat to Nigeria’s fiscal stability. Once again, it highlights the dangers of overdependence on crude for government revenue and foreign exchange. …
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By Danlami N. Isah and Emmanuel Peter The 48th Nigeria Annual International Conference & Exhibition (NAICE), organised by the Society of Petroleum Engineers (SPE) Nigeria Council, convened under a banner as inspiring as it is…
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By Gideon Osaka The Minister of Power, Adebayo Adelabu, recently gave a plain appraisal of the power sector during a high-stakes meeting with President Bola Tinubu and members of the Association of Power Generation Companies…
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Fatih Birol By Patience Chat Moses The global oil market is caught between a flood of new supply and a stubbornly sluggish demand picture. According to the International Energy Agency's (IEA) latest report, a dramatic reversal of…
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By William Emmanuel Ukpoju On August 19, 2025, the Central Bank of Nigeria (CBN) confirmed that the country’s external reserves had risen to $41.0 billion, the highest level since December 2021. For government officials and…
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By William Emmanuel Ukpoju Nigeria’s financial architecture is clear: any transaction conducted within the country must be settled in Naira. Under the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995, and…
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...Despite producing 7 million barrels a day, Africa exports crude and imports dependency Aliko Dangote By Ese UfuomaAfrica produces about seven million barrels of crude oil daily, yet it only refines 40 per cent of its 4.3 million…
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By Saidu Abubakar The Nigerian National Petroleum Company, NNPC Ltd has announced the appointment of two seasoned executives - Mr. Andy Odeh and Mrs Morenike Adewunmi, to key leadership positions with Mr. Odeh as Chief Corporate…
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Governor Douye Diri of Bayelsa State has again urged the Federal Government to take a fresh look at the Petroleum Industry Act (PIA) in order to resolve conflicts in Niger Delta oil-producing communities arising from implementation of…
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