Industry

Nigeria’s crude oil export revenue has skyrocketed, with the Federal Government raking in a staggering N55.2trn in 2024—nearly twice the amount it recorded in 2023. A breakdown of annual earnings shows a steady rise since 2020 when…
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Axxela Limited has reaffirmed its commitment to enhancing energy security, driving industrialization, and promoting environmental sustainability in Lagos State. The energy company made this pledge during a visit to Lagos State…
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Adebayo Adelabu, Minister of Power, says Nigeria is eager to learn power infrastructure development from Egypt. Adelabu spoke during a recent meeting in Abuja with Mohammed Fouad, the Egyptian ambassador to Nigeria. According to…
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The Federation Account Allocation Committee (FAAC) has distributed a total of N1.678 trillion among the Federal Government, 36 states, and 774 Local Government Councils for February, according to official figures released by the Office…
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By Patience Chat Moses The Nigerian Content Development and Monitoring Board (NCDMB) has tied the recent $5.5 billion final investment decisions (FIDs) by TotalEnergies and Shell to local initiatives like the Nigerian Oil and Gas…
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Between Monday, March 17, and Sunday, March 23, a total of seven vessels are expected to berth at various seaports across Nigeria, delivering a combined 115,000 metric tonnes (about 154.22 million litres) of imported Premium Motor…
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Nigeria Customs Service The Nigeria Customs Service, Murtala Muhammed International Airport Command, said it intercepted a total of $578 000 falsely declared from an inbound passenger coming into Nigeria from South Africa. The…
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Reports have revealed that the Nigerian National Petroleum Company Limited (NNPC Ltd.) has issued a warning to the public about fraudulent recruitment advertisements circulating online. The company clarified that it is not…
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the Port Harcourt Refining Company (PHRC) remains operational and continues to produce on-spec refined petroleum products. Chief Corporate Communications Officer…
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Dangote Refinery will reportedly stop loading petroleum products for the Nigerian market as the renegotiation of the naira-for-crude deal has stalled. According to reports, the refinery will continue to load for export as it…
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