Tinubu Seeks $21.5bn Loan, ₦758bn Bond to Fund Infrastructure and Settle Pension Arrears
According to reports by Vanguard, President Bola Tinubu has formally approached the House of Representatives for approval of a comprehensive borrowing package, which includes over $21.5 billion in external loans and a ₦757.9 billion!-->!-->!-->…
Read More...
Read More...
Ex-CBN director lauds Dangote Refinery for reducing petrol price
Dr. Titus Okunronmu, a former Director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Dangote Refinery for reducing pump price of petrol from N885 to N870.
Okunronmu made the commendation in an interview!-->!-->!-->!-->!-->…
Read More...
Read More...
Nigeria: Raise taxes to access $750m loan – World Bank
The federal government of Nigeria is still seeking over $500 million loan from the World Bank
The World Bank has urged the Federal Government to issue a presidential order increasing excise duties on certain goods to increase its!-->!-->!-->…
Read More...
Read More...
Shell sees bright future for Nigerian companies in offshore developments
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) says Nigerian companies have a lot to benefit if they are prepared to take advantage of more opportunities in its offshore and shallow water oil and gas projects.
!-->!-->!-->!-->!-->…
Read More...
Read More...
Shell Nigeria Gas engages stakeholders on deepening gas distribution
L-R: Manager, Strategy and Sustainability, NNPC Gas Marketing Limited (NGML) Daniel Aso; Team Lead on Gas, Office of The Special Adviser to The President on Energy, Lateef Biobaku; Managing Director, Shell Nigeria Exploration and!-->…
Read More...
Read More...
Angolan President João Lourenço Selected as ‘Energy Person of the Year’
By A Special Correspondent
Angola’s President João Lourenço has been selected as the ‘Energy Person of the Year’ by the African Energy Chamber (AEC), in recognition of his drive for good governance, commitment to reform and work to!-->!-->!-->!-->!-->…
Read More...
Read More...
NNPC Board Seeks Public Support for Oil Sector Reform
The newly inaugurated Board of the Nigerian National Petroleum Company Limited (NNPC) has appealed to Nigerians for patience and collaboration as it begins a critical mission to restructure and improve the country’s oil and gas sector.!-->!-->!-->…
Read More...
Read More...
Oil Output Improving From 1.2 to 1.75 Mbpd — Odufuwa
Nigeria’s economy is showing signs of renewed momentum, with improvements in oil production playing a pivotal role in stabilizing the nation’s macroeconomic landscape. Recent data and expert commentary suggest that the long-beleaguered!-->!-->!-->…
Read More...
Read More...
Fuel price drop: Marketers sell PMS at Dangote Refinery new rate
Nigerian petroleum marketers have implemented a fresh premium motor spirit (PMS) price reduction following Dangote Refinery’s announcement of a downward price review.
Our reporter who went around Abuja observed that MRS!-->!-->!-->!-->!-->…
Read More...
Read More...
NNPC announces Port Harcourt Refinery shutdown
The Nigerian National Petroleum Company Limited (NNPC Ltd) on Saturday announced a scheduled maintenance shutdown of the Port Harcourt Refining Company (PHRC), beginning on May 24, 2025.
This was contained in a statement by the!-->!-->!-->!-->!-->…
Read More...
Read More...

