Industry

The International Monetary Fund (IMF) has warned Nigeria and other Sub-Saharan Africa (SSA) countries not to prioritise higher earnings over the poor living condition of their citizens so as not to trigger social unrest. This…
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The International Monetary Fund (IMF) has retained its position on its projection of a 3.4 percent expansion in the country’s real GDP for 2025 despite the change in methodology by the country’s bureau of statistics. It noted this…
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Nigeria’s Minister of Power, Adebayo Adelabu, has raised the alarm over a crippling N4 trillion debt crisis threatening the survival of the country’s power sector, casting a shadow over investor confidence.  Speaking during a…
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A few days after threatening to slash the price of liquefied natural gas (LPG) in Nigeria, Aliko Dangote seems to have made good on his promise. A prior report by Legit.ng disclosed that the billionaire announced plans to cut…
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FibreOne, a leading broadband provider in Nigeria, has revealed that the country’s significant broadband access deficit results in an estimated annual economic loss of $15 billion. This statement was made by FibreOne’s Chief…
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Two senior officials of the Nigerian Content Development and Monitoring Board (NCDMB), Dr. Abdulmalik Halilu, Director, Corporate Services, and Dr. Obinna Ezeobi, General Manager, Corporate Communications, on Saturday bagged Doctorate…
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Gbenga Komolafe, The Centre for Energy Governance and Accountability (CEGA) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for securing federal government approval of 37 new crude oil evacuation routes as…
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Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to…
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The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to propose an amendment to Petroleum Industry Act ( PIA) to strengthen the downstream sector. Chairman of the Committee, Ikeagwuonu Ugochinyere,…
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The House of Representatives Committee on Petroleum Resources (Downstream) has reopened its investigation into the Nigerian National Petroleum Company Limited’s (NNPC) acquisition of OVH Energy Marketing’s downstream assets and…
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