Nigeria Secures $8 Billion Investment In Deepwater And Gas Projects
Nigeria has secured over $8 billion (approximately ₦12.8 trillion) in investments in deepwater and gas projects over the past year, according to the Presidency. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu,!-->!-->!-->…
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NNPC didn’t remit N500bn revenue in 2024 – World Bank
Nigerian National Petroleum Company Limited
The World Bank has revealed that the Nigerian National Petroleum Company Limited has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to!-->!-->!-->…
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‘Lifting import ban will raise Nigeria’s customs revenue by 66%’
The World Bank says Nigeria could boost its customs revenue by 66 percent if the federal government eliminates arbitrary tariff deviations and import bans.
In its Nigeria Development Update (May 2025 edition), the World Bank warned!-->!-->!-->!-->!-->…
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Lokpobiri, Ojulari meet ExxonMobil boss towards higher oil output
*Heineken Lokpobiri with Shane Harris.
In a renewed push to ramp up Nigeria’s oil production and attract fresh capital into the sector, the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has declared that!-->!-->!-->…
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Nigeria’s new crude blend, Obodo, enters market
The Nigerian Upstream Petroleum Regulatory Commission says the first cargo of the new Obodo crude blend has been shipped.
In a statement by the NUPRC Chief Executive, Gbenga Komolafe, he congratulated Conoil Producing Limited on the!-->!-->!-->!-->!-->…
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Dangote Refinery cancels June maintenance – Report
The 650,000 barrels per day Dangote Petroleum Refinery has reportedly cancelled its scheduled maintenance for June at its 204,000 barrels per day gasoline-producing unit, following the completion of critical works during an unplanned!-->!-->!-->…
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Nigeria Requires $10 Billion Annually to Overhaul Power Sector — Minister
Nigeria will require an estimated $10 billion each year for the next 10 to 20 years to resolve its persistent power supply issues, according to the Minister of Power, Adebayo Adelabu. Speaking during the commissioning of a 600kW Solar!-->!-->!-->…
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Fuel import ban fears re-ignite Dangote, marketers’ row
Oil marketers have declared that the Dangote Petroleum Refinery and others in Nigeria may raise the pump price of petrol to N1,500 per litre once there is an outright ban on fuel importation.
While the National Publicity Secretary!-->!-->!-->!-->!-->…
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That Policy Needs Immediate Reversal — Girei Urges Tinubu to Rethink Tariffs, FX, Fuel
Former Senator Abubakar Girei has joined the chorus of voices urging President Bola Tinubu to reverse several controversial economic policies, calling them unsustainable in their current form.
In a press briefing in Yola, Girei said!-->!-->!-->!-->!-->…
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Nigeria: Presidency jittery over Adesina’s verdict on economy
…As Nigerians continue to battle economic hardship
With eyes firmly focused on 2027, the Presidency was visibly rattled by the recent negative verdict on the Nigerian economy, which will provide the plank for the second term bid of!-->!-->!-->!-->!-->…
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