Industry

An oil storage facility in Groot-Ammers, The Netherlands. The global oil market is likely heading for a surplus this year following a higher than expected production hike by OPEC+ over the weekend. At their meeting on Saturday, eight…
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The Nigerian Exchange (NGX) closed the trading week ending July 4, 2025, on a positive trajectory. The All-Share Index (ASI) advanced by 993.90 points, reaching 120,989.66, a 0.83% increase from the prior week’s close of 119,995.76. …
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Dangote Petroleum Refinery has been identified as crucial to reducing inflation in Nigeria, according to a report by the Financial Derivatives Company (FDC) Limited think tank. In its recently published Lagos Business School…
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Minister of Power, Adebayo Adelabu In a bitter twist of irony, even the Presidential Villa now runs on solar power , a quiet confession that Nigeria’s national grid is no longer fit for purpose. If the seat of government has effectively…
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News Investigators/ The Transmission Company of Nigeria (TCN) says it has inaugurated a line reconductoring project in Kano to improve power transmission reliability across Northern Nigeria. Ndidi Mbah, General Manager, Public…
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Top 10 African countries with the highest personal income tax in 2025 Ever looked at your payslip and gasped at the amount of tax deducted from your income? Or perhaps you've bought a meal at a restaurant and been taken aback by the…
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OPEC+ alliance, led by Saudi Arabia and Russia, has announced a further increase in oil output to 548,000 barrels per day in August, exceeding market expectations. Analysts had predicted a hike of 411,000 bpd, but the group’s…
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Engineer Gbenga Komolafe, the CEO of the NUPRC The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in its report said it hit a record high ₦12.2 trillion revenue in 2024. Bayo Onanuga, the Special Adviser to President Bola…
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…Fear Systematic Corruption May Hinder Successful Implementation…Stress Need For Accountability In Government Institutions…FCT IJ & GP Lauds Assent, Says It’s Milestone In Fiscal Reforms Several experts and activ­ists have…
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Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) The International Monetary Fund (IMF) has in its recent Article IV Consultations on Nigeria, recognised measures taken by the Central Bank of Nigeria (CBN) to strengthen the…
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