Industry

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has firmly rejected claims of fostering monopolistic practices within Nigeria’s oil and gas sector. According to The Nation, in a legal battle, the agency…
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According to Daily Trust, former Nigerian Presidents Olusegun Obasanjo and Muhammadu Buhari are currently testifying before the International Chamber of Commerce (ICC) in Paris, concerning a $2.3 billion arbitration case filed by…
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TAX President Bola Ahmed Tinubu submitted four tax reform bills to the National Assembly on September 3, 2024. These bills—the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and…
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...NMDPRA justifies issuance The Nigeria Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has told a Federal High Court in Abuja why it issued oil import licences to oil marketing companies in the country. NMDPRA…
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Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri speaks during a media briefing to announce the 1.8mbopd crude oil production milestone at the NNPC Towers in Abuja, on Thursday. The Minister is flanked to his…
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According to a report published by Channels TV, Obong Victor Attah, the former Governor of Akwa Ibom State, has revealed that former President Olusegun Obasanjo halted his efforts to provide electricity to the people of Akwa Ibom,…
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The Dangote Petroleum Refinery has announced an upward adjustment in the price of Premium Motor Spirit (PMS), or petrol, citing a consistent surge in the price of Brent crude, the global benchmark for oil as reported by The PUNCH. …
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The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has warned that the price of Premium Motor Spirit (PMS) may increase soon if crude oil prices continue to climb. …
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Washington-based think tank Brookings Institution has projected that Africa’s GDP would grow by 4.2 per cent in 2025. This was indicated in its latest Foresight Africa report published on Tuesday, suggesting an improvement from the…
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The World Bank has projected that Nigeria’s economy will grow by 3.5% in 2025 and improve slightly to 3.7% in 2026, driven by increased services sector activity and gradual improvements in macroeconomic stability. These forecasts,…
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