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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it plans to commence its next oil licensing round by early October. In an interview with S&P Global, Oritsemeyiwa Eyesan, NUPRC’s chief executive officer (CEO),…
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The Dangote Petroleum Refinery is set to hold the signing ceremony for its Initial Public Offering (IPO) in Lagos, marking a major milestone in the company’s journey to becoming a publicly listed firm. The event is scheduled to take…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering conducting oil licensing rounds twice a year as part of efforts to attract fresh investment, bring more operators into the upstream sector and significantly…
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The Nigerian stock market closed last week on a positive note, as investors on the Nigerian Exchange Limited, NGX, gained N3.73 trillion. Now that Nigerian universities, polytechnics and colleges of education will face national…
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Oil prices are about to book yet another weekly gain as the war in the Middle East remains hot, with a pessimistic outlook. Oil exporters from the region are rushing to diversify their export channels, and importers are rushing to…
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Nigeria’s seaports recorded a significant increase in activity in the second quarter of 2026, with ocean-going vessel traffic rising by 14.4 per cent to 1,201, while vehicle imports jumped 18.3 per cent to 44,147 units. The latest…
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Nigeria’s states have never had it this good financially. But for millions of Nigerians, the story is markedly different. As state revenues surged to an un­precedented N15.53 trillion in 2025, more citizens were battling rising food…
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Nigerian banks have placed about N4.4 trillion of surplus funds with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF), as lenders seek safe returns on excess cash amid high money-market rates and the apex…
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The federal government’s beautiful promise of cheaper motoring is turning into a costly and traumatising wait for motorists who switched to Compressed Natural Gas (CNG). Drivers are lamenting being stuck in long queues due to…
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A file photo of petrol pump Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the recent volatility in petrol prices to rising logistics costs, crude oil sourcing challenges and reliance on…
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