Industry

The Nigerian National Petroleum Company Limited (NNPC) has outlined major achievements under the leadership of its new Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, marking his first 100 days in office. Ojulari, who was…
Read More...

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for…
Read More...

The Central Bank of Nigeria (CBN) has confirmed that eight Nigerian banks have met the minimum regulatory requirements under the current forbearance regime. This was disclosed by CBN Governor, Yemi Cardoso during the Monetary Policy…
Read More...

The Bauchi State Government has paid N1.5 billion to take full ownership of the long-abandoned Steyr Nigeria Limited, with the aim of reviving the industrial facility to boost the state’s economic development. The State Governor,…
Read More...

ALAT, the digital platform of Wema Bank, has won Nigeria’s Best Digital Bank at the Euromoney Awards 2025. The Euromoney Awards, pioneered by Euromoney, are regarded as the ultimate accolade in banking; the industry-leading stamp of…
Read More...

Nigeria has retained its status as the fourth largest economy in Africa despite a rebasing exercise that expanded the country’s Gross Domestic Product (GDP). The National Bureau of Statistics (NBS) announced that the economy expanded…
Read More...

• Stakeholders push for even impact Over $150 million has been disbursed to Host Community Development Trusts (HCDTs) across Nigeria since the enactment of the Petroleum Industry Act (PIA). But stakeholders said the intended…
Read More...

The Nigerian National Petroleum Company Limited (NNPC) has announced a profit of N4.571tr in June. The company in its June report said it made N905bn profit after tax and paid N6.961tr as statutory payments from January 2025 to May. …
Read More...

By William Emmanuel Ukpoju Angola has announced a significant breakthrough in its energy sector with the discovery of over one trillion cubic feet (tcf) of natural gas in the Lower Congo Basin, marking the country’s first major gas…
Read More...

The Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe Nigeria’s oil and gas sector has recorded its lowest crude oil losses in 16 years, following sweeping reforms implemented by the…
Read More...