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There was pandemonium at the Port Harcourt Refinery yesterday as the Economic and Financial Crimes Commission (EFCC) stormed the facility, marched straight to the acting Managing Director’s office, Mr. Jelili Ademoye, and whisked him…
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The House of Representatives Committee on Public Accounts has ordered OML18 Resources Limited, formerly Sahara Field Production Limited, to remit $4.02 million to the Federation Account within five days. The directive came during a…
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The African Private Capital Association (AVCA) has emphasised the need for increased capital deployment in essential sectors to stimulate economic growth and development. This call was made during the ongoing 21st Annual Africa…
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The Federal Government reiterated ban on the importation of oil pipelines with a view to encouraging domestic manufacturing. Heineken Lokpobiri, the Minister of Petroleum Resources (Oil), announced the prohibition while inaugurating…
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TotalEnergies Marketing Nigeria Plc has recorded N221.61 billion in revenue for the first quarter of 2025. This figure represents a year-on-year decline of 18 per cent when compared with the N269.84 billion posted in the first…
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Vice President Kashim Shettima has expressed strong support for a proposed collaboration between Nigeria and the Asia Economic Development Committee (AEDC) of South Korea, focusing on the manufacture of solar equipment and electric…
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•Oil demand, inflation trigger fuel price volatility World Bank The World Bank’s latest Commodity Markets Outlook predicts that the faltering economic growth, coupled with the ample oil supply, will lead to a drop in global commodity…
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Bayo Ojulari, the newly appointed Managing Director of the Nigerian National Petroleum Company (NNPC), has removed over 200 staff members, including high-ranking executives. Nigerian political art prints POLITICS NIGERIA reports…
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A few days ago, the International Monetary Fund (IMF) revised downward Nigeria’s economic growth projections for 2025 and 2026, to 3.0 for 2025 and 2.7 for 2026, as global uncertainties grow and sustained weaknesses in oil prices…
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A coalition of lawyers and civil society organizations (CSOs) on Tuesday submitted a Freedom of Information (FOI) request to the Nigerian National Petroleum Corporation Limited (NNPC), seeking full disclosure on the status of…
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