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The Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe Nigeria’s oil and gas sector has recorded its lowest crude oil losses in 16 years, following sweeping reforms implemented by the…
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By Saidu Abubakar Ahmadu Bello University has secured a grant of five million Euros (€5 million) to develop an AI-powered microscope for diagnosing parasitic diseases, including African trypanosomiasis, malaria, leishmaniasis, and…
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The Central Bank of Nigeria (CBN) is preparing to auction ₦290 billion in Nigerian Treasury Bills (NTBs) this Wednesday, opening the window for investors to participate through the primary market auction (PMA). This issuance comes…
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The Akwa Ibom State Government has dismissed the renewed controversies surrounding its ownership of 76 offshore oil wells, maintaining that the Supreme Court decision on the issue is final. The Apex Court in July 2012 had placed a…
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A World Bank report has identified Nigeria as one of the top global nations in gas flare.According to the World Bank’s annual Global Gas Flaring Tracker, Nigeria, Russia, Iran, Iraq, the USA, Venezuela, Algeria, Libya, and Mexico…
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Revenue from crude oil taxes and mineral-related earnings accounted for about 66 per cent of the N1.818 trillion disbursed by the Federation Account Allocation Committee (FAAC) for June 2025.  In a statement at the weekend, the…
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Stakeholders in the energy sector have called for the development of energy transition to position the country for opportunities in renewables before the stock of crude oil dries up. The experts who spoke at the third edition of the…
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By William Emmanuel Ukpoju President Bola Ahmed Tinubu has approved the appointment of Muhammad Babangida, son of former military president Ibrahim Babangida, as Chairman of the Bank of Agriculture. Muhammad Babangida, 53, holds…
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Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery and establish a free trade zone in Ondo State, Nigeria. The project is a joint venture with the Ondo State Government,…
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As mourners across Nigeria observed the three -day Islamic prayer for the repose of the former President Muhammadu Buhari, one of the projects his administration initiated that will be remembered for a long time to come, is the AKK…
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