Industry

The Nigerian Naira maintained a steady path against the United States Dollar at the start of the new trading week, as activities in the Nigerian Foreign Exchange Market (NFEM) and the parallel market reflect the ongoing impact of…
Read More...

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the 5-Star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be…
Read More...

*BoP drops to $4.23bn as FPI slumps 48% Nigeria’s external sector is showing signs of structural strain as capital flow dynamics shift, with a steep drop in foreign portfolio investment (FPI) and rising external outflows reshaping…
Read More...

A file photo: Ikenga Ugochinyere The House of Representatives Committee on Petroleum Resources (Downstream) has raised fresh concerns over a potential return of fuel scarcity across Nigeria, warning that petrol queues and a spike in…
Read More...

Fuel Subsidy In most cases, the impact has been negative, as higher fuel costs disrupt the production and distribution of goods and services across the country. Nigeria is currently experiencing another surge in fuel prices, which…
Read More...

Home to come of the continent’s largest gas discoveries, Mozambique is emerging as an increasingly more prominent voice on the global gas stage. Mozambique’s oil and gas industry has announced that it will withdraw from…
Read More...

Renaissance Africa Energy remains Nigeria’s highest gas producer, churning out 62.341 billion SCF, BSCF, of gas in one month (December 2025), according to the Nigerian National Petrleum Company, NNPC.. The company is followed by…
Read More...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it has shortlisted oil firms for Nigeria’s 2025 oil and gas licensing round after the completion of the pre-qualification process. In a Tuesday…
Read More...

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier…
Read More...

The Central Bank of Nigeria (CBN) has signaled its readiness to intervene in the foreign exchange market to defend the naira if global market volatility triggered by escalating geopolitical tensions begins to pressure Nigeria’s…
Read More...