Industry

The Nigerian Upstream Petroleum Regulatory Commission says the first cargo of the new Obodo crude blend has been shipped. In a statement by the NUPRC Chief Executive, Gbenga Komolafe, he congratulated Conoil Producing Limited on the…
Read More...

The 650,000 barrels per day Dangote Petroleum Refinery has reportedly cancelled its scheduled maintenance for June at its 204,000 barrels per day gasoline-producing unit, following the completion of critical works during an unplanned…
Read More...

Nigeria will require an estimated $10 billion each year for the next 10 to 20 years to resolve its persistent power supply issues, according to the Minister of Power, Adebayo Adelabu. Speaking during the commissioning of a 600kW Solar…
Read More...

Oil marketers have declared that the Dangote Petroleum Refinery and others in Nigeria may raise the pump price of petrol to N1,500 per litre once there is an outright ban on fuel importation. While the National Publicity Secretary…
Read More...

Former Senator Abubakar Girei has joined the chorus of voices urging President Bola Tinubu to reverse several controversial economic policies, calling them unsustainable in their current form. In a press briefing in Yola, Girei said…
Read More...

 …As Nigerians continue to battle economic hardship With eyes firmly focused on 2027, the Presidency was visibly rattled by the recent negative verdict on the Nigerian economy, which will provide the plank for the second term bid of…
Read More...

Abuja at night Nigeria’s economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved fiscal position, the World Bank said on Monday, but warned that persistently high inflation…
Read More...

The Nigerian National Petroleum Company (NNPC) Limited is remitting only half of the financial gains from the removal of petrol subsidies due to debt arrears, according to a new report by the World Bank. President Bola Tinubu…
Read More...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, has announced plans to resume crude oil exploration activities in Kolmani, located between Gombe and Bauchi states. Ojulari…
Read More...

The Central Bank of Nigeria raised its total Treasury Bills Primary Market Auction offer to N550bn, up from N400bn in the previous auction. The offer covers the 91-day, 182-day, and 364-day tenors. Despite the increase, investor…
Read More...