IEA Warns: Oil Oversupply, Africa Bucks the Trend
Fatih Birol
By Patience Chat Moses
The global oil market is caught between a flood of new supply and a stubbornly sluggish demand picture. According to the International Energy Agency's (IEA) latest report, a dramatic reversal of!-->!-->!-->!-->!-->…
Read More...
Read More...
Nigeria’s $41 Billion Reserves: A Stronger Economy That Citizens Can’t Feel
By William Emmanuel Ukpoju
On August 19, 2025, the Central Bank of Nigeria (CBN) confirmed that the country’s external reserves had risen to $41.0 billion, the highest level since December 2021. For government officials and!-->!-->!-->!-->!-->…
Read More...
Read More...
Dollarized and Disconnected: Why NOG and NIES Shut Out Nigerians
By William Emmanuel Ukpoju
Nigeria’s financial architecture is clear: any transaction conducted within the country must be settled in Naira. Under the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995, and!-->!-->!-->!-->!-->…
Read More...
Read More...
Africa’s $90 Billion Drain: Why the Continent Still Imports Its Fuel
...Despite producing 7 million barrels a day, Africa exports crude and imports dependency
Aliko Dangote
By Ese UfuomaAfrica produces about seven million barrels of crude oil daily, yet it only refines 40 per cent of its 4.3 million!-->!-->!-->!-->!-->…
Read More...
Read More...
NNPC Appoints New Corporate Communications, Relations Chiefs
By Saidu Abubakar
The Nigerian National Petroleum Company, NNPC Ltd has announced the appointment of two seasoned executives - Mr. Andy Odeh and Mrs Morenike Adewunmi, to key leadership positions with Mr. Odeh as Chief Corporate!-->!-->!-->!-->!-->…
Read More...
Read More...
PIA Needs Urgent Review – Governor Diri Urges FG
Governor Douye Diri of Bayelsa State has again urged the Federal Government to take a fresh look at the Petroleum Industry Act (PIA) in order to resolve conflicts in Niger Delta oil-producing communities arising from implementation of!-->!-->!-->…
Read More...
Read More...
NCDMB Lists Achievements, Tasks Media, Youth on Social Responsibility
By Obinna Ezeobi, PhD
The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday in Port Harcourt organized a workshop for media stakeholders and youth groups, providing profound insights into the structural!-->!-->!-->!-->!-->…
Read More...
Read More...
OGTAN Announces Recipients of 4th Human Capital Development Awards
By Saidu AbubakarThe Oil and Gas Trainers Association of Nigeria (OGTAN) is delighted to unveil the award recipients for the 4th Edition of the OGTAN Human Capital Development (HCD) Awards, scheduled to hold on Friday, September 12,!-->!-->!-->…
Read More...
Read More...
Nigeria expects fresh inflows due to anticipated Fed rate cuts
…But MPC remains cautious
Nigeria could attract a wave of foreign portfolio inflows into its fixed-income market if the US Federal Reserve follows through on its latest signal to cut interest rates, analysts said, even as the!-->!-->!-->!-->!-->…
Read More...
Read More...
NMDPRA honours 3 Adamawa petroleum marketers for compliance
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has honoured three petroleum marketers in Adamawa for consistently complying with regulations on accurate fuel dispensing.
The awards were presented by!-->!-->!-->!-->!-->…
Read More...
Read More...

