Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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Solar migration: Presidency has declared national grid unfit – GENCOs
Presidential Villa, also known as Aso Rock PC: Punch
Power Generation Companies (GENCOs) has said the Presidential Villa’s decision to disconnect fully from the national grid by March 2026 represented a vote of no confidence in on-grid!-->!-->!-->…
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Tinubu’s Executive Order threatens over 4000 jobs in oil sector — PENGASSAN
….Calls for reversal of provisions
Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has warned that no fewer than 4,000 of its members may loose their jobs in the Nigeria National Petroleum Company, NNPC, as!-->!-->!-->!-->!-->…
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NNPC: FG faces push back as PENGASSAN rejects executive order
….cites violation of PIA, wrong signals to investors
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has strongly rejected President Bola Tinubu’s Executive Order which mandates the Nigerian National!-->!-->!-->!-->!-->…
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Senate Grills Edun, Adedeji Over Rising Debt, Budget Assumptions
File: Senate in session
The Senate on Thursday subjected the Federal Government’s economic team to about five hours of questioning over rising debt obligations, revenue projections and what lawmakers described as unrealistic budget!-->!-->!-->…
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Tinubu Issues Executive Order To Safeguard Federation Oil And Gas Revenues
...Enhance Regulatory Clarity
President Bola Ahmed Tinubu, GCFR, signed an Executive Order aimed at realigning oil and gas revenue flows with constitutional requirements. The Order signed last week, seeks to strengthen fiscal!-->!-->!-->!-->!-->…
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My Meeting With Venezuelan Ambassador To South Africa – NJ Ayuk
By NJ Ayuk JD, MBA
Great meeting today with Venezuela’s ambassador to South Africa H.E. Carlos Feo Acevedo. We discuss a lot of about collaboration between Africa and Venezuela and Making Energy Poverty History.
Venezuela holds!-->!-->!-->!-->!-->!-->!-->…
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Remittance of 1% Nigerian Content Levy Still Mandatory – NCDMB
*Access to Approvals, Services Dependent on Payment Certificate
Engr. Felix Omatsola Ogbe, Executive Secretary of NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday reminded operators, contractors, and!-->!-->!-->!-->!-->…
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NGX: Heavyweight Stocks, Pension Fund Reforms Drive 6.16% Weekly Gain
The Nigerian equities market closed Friday on a positive note, gaining N6.79 trillion as investor sentiment strengthened amid heightened trading activity.
Market capitalisation of listed equities increased 6.16 per cent to!-->!-->!-->!-->!-->…
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Nigeria’s External Reserves Rise Towards $49bn, Boosting FX Confidence
Nigeria’s external reserves have climbed toward the $49 billion threshold, signaling improved foreign exchange liquidity and strengthening macroeconomic confidence.
The development reflects sustained inflows and ongoing reform!-->!-->!-->!-->!-->…
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Ooni Projects Nigeria For Foreign Investments As Africa’s Emerging Mining Hub
The Permanent Chairman of the Southern Nigeria Traditional Rulers Council (SNTRC), Arole Oodua Olofin Adimula and the Natural Head of the Oduduwa race worldwide, Ooni Adeyeye Enitan Ogunwusi, CFR, Ojaja II, the Ooni of Ife has urged!-->!-->!-->…
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