Domestic Debt: Rising Fiscal Deficit Fuels Borrowing Surge
Nigeria’s widening fiscal pressures are forcing the Federal Government to deepen its reliance on domestic borrowing, with its domestic debt stock rising to N82.9 trillion at the end of the first quarter of 2026, heightening concerns!-->!-->!-->…
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EITI Mission Lauds NEITI, Urges Nigeria To Sustain Transparency Reforms
The global Extractive Industries Transparency Initiative (EITI) has lauded the Nigeria Extractive Industries Transparency Initiative (NEITI) for improvements in its disclosure practices, even as it urged the country to sustain the!-->!-->!-->…
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I’ll Put Nigeria’s Interests at Centre of Global Energy Engagement – Wunti
The pioneer Chief Executive Officer of the World Energy Council Nigeria, Mr. Bala Maijama’a Wunti, has pledged to ensure that Nigeria’s interests remain central to his engagement with the global energy community.
Wunti made the!-->!-->!-->!-->!-->…
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EFCC Recovers US$60m In Ongoing Nestoil Investigation
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, has led a major breakthrough in the Commission’s ongoing investigation into the alleged criminal aspects of transactions involving Nestoil!-->!-->!-->…
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NNPC GCEO has no statutory role in licensing
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has no statutory role in licensing and award of oil block, officials of the oil giant said at the weekend.
Claims!-->!-->!-->!-->!-->…
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Stock Exchange begins new share pricing rule
The Nigerian stock market will today begin implementation of a new pricing methodology under which the market price of a particular share will determine the number of shares needed to effect movement in the share price.
The new!-->!-->!-->!-->!-->…
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$25bn Nigeria-Morocco gas pipeline dream drags
$25bn Nigeria-Morocco gas pipeline dream drags
The much-touted multi-billion-dollar Nigeria-Morocco Gas Pipeline is yet to take off owing to the alleged ‘lukewarm’ attitude of Nigerian authorities, Daily Trust learnt from credible!-->!-->!-->…
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FG warned against importation of refined petroleum products
The Federal Government has been warned against importing refined petroleum products when local refineries can fill the gap.
Giving the warning, a former General Manager of Corporate Planning and Business Development, Nigerian!-->!-->!-->!-->!-->…
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NNPC, Seplat discuss plans to raise oil production
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Seplat Energy Plc have held discussions on plans to increase oil and gas production across their jointly held assets.
The meeting took place when the Group Chief!-->!-->!-->!-->!-->…
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Nigeria: NNPC, Exxonmobil Meet As Usan Infill Work Begins On ML 138
The Nigerian National Petroleum Company Limited (NNPC Limited) has engaged ExxonMobil on boosting deepwater output and pursuing further offshore investments, weeks after work began on the US$1 billion Usan Infill Project in Oil Mining!-->!-->!-->…
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