Industry

Niger Delta stakeholders, under the aegis of Niger Delta Congress, NDC, have called for an immediate, thorough and independent forensic audit of the pipeline protection contract initiated by the Federal Government. The contract,…
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*Checks on Monday showed that NNPC filling stations in Abuja and environs hiked their petrol price at the weekend to N1,367 per liter, up from N1,261 The Nigerian National Petroleum Company Limited retail outlets have raised their…
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KEY POINTS Brent Crude reached $102.83/bbl as of March 17, 2026, while the JKM gas benchmark surged to $19.28/mmBtu due to the US-Israel-Iran conflict The shock threatens to reverse an 11-month disinflation trend that saw…
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The Nigerian Naira maintained a steady path against the United States Dollar at the start of the new trading week, as activities in the Nigerian Foreign Exchange Market (NFEM) and the parallel market reflect the ongoing impact of…
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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the 5-Star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be…
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*BoP drops to $4.23bn as FPI slumps 48% Nigeria’s external sector is showing signs of structural strain as capital flow dynamics shift, with a steep drop in foreign portfolio investment (FPI) and rising external outflows reshaping…
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A file photo: Ikenga Ugochinyere The House of Representatives Committee on Petroleum Resources (Downstream) has raised fresh concerns over a potential return of fuel scarcity across Nigeria, warning that petrol queues and a spike in…
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Fuel Subsidy In most cases, the impact has been negative, as higher fuel costs disrupt the production and distribution of goods and services across the country. Nigeria is currently experiencing another surge in fuel prices, which…
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Home to come of the continent’s largest gas discoveries, Mozambique is emerging as an increasingly more prominent voice on the global gas stage. Mozambique’s oil and gas industry has announced that it will withdraw from…
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Renaissance Africa Energy remains Nigeria’s highest gas producer, churning out 62.341 billion SCF, BSCF, of gas in one month (December 2025), according to the Nigerian National Petrleum Company, NNPC.. The company is followed by…
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