Industry

Nigeria, endowed with over 209 trillion cubic feet of natural gas reserves, stands at a pivotal juncture in its quest to leverage this resource for national development. While the southern regions—particularly the Niger Delta—have long…
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L-R: Managing Director/CEO, Renaissance Africa Energy Company Limited, Tony Attah; Publisher, BusinessDay newspaper, Frank Aigbogun; and Managing Director/CEO, Aradel Holdings Plc., Gbite Falade, at the 2025 BusinessDay Annual CEO Nigeria…
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The Nigerian National Petroleum Company Limited (NNPC) which is spearheading a major oil production expansion, is pushing for early next year, restart of 30,000 barrels a ad (b/d ) from Sahara Energy-operated OML 11 in Ogoni Land,…
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The Nigerian National Petroleum Company, NNPC Limited says the state-owned oil firm would continue to supply crude oil to Dangote Refinery on a commercially willing buyer and willing seller basis. Group Chief Executive Officer of…
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…Empowers 130 firms with $400m NCI Fund By Saidu Abubakar The Nigerian Content Development and Monitoring Board has introduced the Nigerian Content Fund Clearance Certificate(NCFCC) as a mandatory compliance document for…
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Nigeria's oil rig Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the nation’s oil production rig count has risen significantly from 8 in 2021 to 46 in July 2025. This growth is attributed to the…
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The World Bank has again ranked Nigeria among the Lower-Middle Income Economies (LMIEs), placing Africa’s top oil producer behind conflict-ridden Libya and Gabon which were categorized as Upper-Middle Income Economies (UMIEs). This…
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The Dangote Refinery may end crude oil import as it considers sourcing the entire crude required for the 650,000-barrel-per-day refinery capacity in-country. According to a Bloomberg report, the refinery will rely entirely on…
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Dangote Petroleum Refinery has announced a further reduction in the price of Premium Motor Spirit (PMS), lowering it from ₦840 to ₦820 per litre. The new price takes effect from Tuesday, July 8, 2025, and marks a ₦20 cut in the…
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Massive participants at the two-day Stakeholders Sensitization Programme on the complaiance certificate system, upgraded NCDF payment portal, and the reversed community contractors finance scheme on July 7 and 8, 2025 at Oriental Hotel,…
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