Industry

…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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The Senate on Tuesday passed for a second reading a bill seeking to establish the Federal Oil and Gas Hospital in Benikrukru, Delta State to provide for comprehensive medical services for workers in the oil and gas industry as well as…
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The world may be clapping for Nigeria’s economic reforms, but those of us who live here know that applause doesn’t put food on the table. The International Monetary Fund (IMF) recently hailed the federal government’s new economic…
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The Central Bank of Nigeria has cautioned that if the costs of materials keep increasing for important industries, prices for consumers may rise again. This is because companies are finding it hard to keep prices as they are without…
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International Monetary Fund (IMF) The International Monetary Fund (IMF) has endorsed Ghana's fiscal discipline and structural reforms under President John Mahama's administration for taking decisive steps to keep Ghana's…
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