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By Gideon Osaka The recent approval of four oil assets divestment by the Nigerian government has further reinforced the future plans of international oil companies (IOCs) sending mixed signals that could impact the oil sector and…
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By William Emmanuel Ukpoju Mr. Julius Rone (2nd right) with other Panel discussants shortly after their session In a significant boost to Africa's gas industry, leading Floating Liquefied Natural Gas (FLNG) operators and project…
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By Saidu Abubakar Buoyed by the ranking as Nigeria’s top performing organisation in efficiency and transparency from 2022 to date, the Nigerian Content Development and Monitoring Board (NCDMB) has unveiled plans to mark the 2024…
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The House of Representatives on Wednesday directed its committees to summon the Central Bank of Nigeria (CBN) Governor, commercial bank managing directors, and other stakeholders to address the challenges posed by undocumented Point of…
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A Federal Account Allocation Committee report has criticised the Nigerian National Petroleu͏m Company (NNPC) for an additional N1.19 trillion subsidy refund for July 2024. The critique came shortly after NNPC noted that the request…
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The businessman and his executives aim to formalize the direct acquisition and operation of oil blocks in Angola’s onshore and offshore areas, as well as the acquisition or management of cement factories. The following article was…
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The Nigerian naira is predicted to end the year falling to N1,621.7 to a U.S. dollar, continuing its volatility despite interventions by the Central Bank of Nigeria (CBN) to shore up the currency. This new outlook is however a…
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Faced with soaring petrol prices after an end to fuel subsidies, some Nigerians are convertng their cars to run on compressed natural gas. Car mechanic Adebola Omotosho has to drive eight kilometers across Nigeria’s bustling commercial…
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Kuwait has announced a bold $33 billion investment plan to boost its oil production capacity but Nigeria grapples with a myriad of challenges in its oil sector. Findings showed Kuwait Petroleum Corporation (KPC), the equivalent of…
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…CBN Raises Interest Rate For Sixth Time In 2024, Now 27.50% The Monetary Policy Commit­tee (MPC) of the Central Bank of Nigeria (CBN) has raised the country’s interest rate for the sixth time in 2024. The new interest rate…
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