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Professor Izielen Agbon, a renowned petroleum engineering expert, has alleged the existence of a powerful oil cabal comprising international companies, local partners, and insiders within the Nigerian National Petroleum Company (NNPC).…
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The Federal Government has formally ratified and adopted a road map for the Nigerian Electricity Supply Industry ( NESI) by approving the National Integrated Electricity Policy( NIEP). The policy which had been ready since December…
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File photo to illustrate story In a bid to clamp down on the activities of smugglers moving petroleum products from Nigeria to neighbouring countries, the federal government shut down over 400 filling stations in border communities in…
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The federal government has pledged to address the N4 trillion debt owed to Power Generation Companies (GenCos) in the country. In a statement Sunday evening, Bolaji Tunji, Special Adviser on Strategic Communication and Media…
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The decision by the Economic and Financial Crimes Commission (EFCC) to exclude the Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPC), Mr. Adedapo Segun, from the ongoing probe of the national oil…
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Prof.Wumi Iledare In a recent economic analysis, Prof. Wumi Iledare highlighted the complex dynamics behind Nigeria’s fuel pricing system, emphasizing that the reality of the market cannot be ignored or selectively applied. …
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(File photo). One of the takeaways from the 2025 Spring Meetings of the World Bank and the International Monetary Fund (IMF) was the gap between Nigeria's economic self-assessment and that of the Bretton Woods institutions. While…
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They never see it coming, the fall. One minute, they’re draped in the silk of state power, voices thundering across boardrooms and briefings; the next, they are footnotes in their own tragedies. Mele Kyari, once the oil czar of…
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Aliko Dangote, President of the Dangote Group, has revealed that ‘cabal’ in Nigeria’s oil and gas sector are still working behind the scenes to sabotage the progress of his $20 billion refinery project in Lekki, Lagos. Speaking at…
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A report by the Punch says top officials at Dangote Industries have launched a fresh round of accusations against international oil companies, saying they are deliberately sabotaging Nigeria’s largest privately-owned refinery. “They…
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