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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BREAKING: Tinubu Sacks Finance Minister Wale Edun, Housing Counterpart, Dangiwa
President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council (FEC).
According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two!-->!-->!-->!-->!-->…
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Impact Of Reading And Creativity Stressed As NCDMB Organizes Q1 2026 Book Reading
Dr. Dakuku Peterside, Guest Author
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday at its Conference Centre (Rose 1101) hosted the first quarter 2026 edition of its Book Reading Series, with a one-time!-->!-->!-->…
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Oloibiri Confab Repositions Nigeria’s Energy Sector Toward Innovation, Competitive Growth
The Chairman, Society of Petroleum Engineers, Nigeria Council, Mr. Francis Nwaochei, has said that the 2026 Oloibiri Lecture & Energy Forum (OLEF 2026) is a defining moment to reposition the industry’s trajectory toward a future!-->!-->!-->…
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The Leak In Pipelines: Why Nigeria’s Trillions Fail To Reach Streets
Nigeria’s oil sector may be showing signs of recovery, but the benefits are yet to reflect in the daily realities of citizens, raising fresh concerns about how national revenue is managed and distributed.
Data from the Nigerian !-->!-->!-->!-->!-->…
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Sub national Debt Rises to N4.36trn, Lagos Tops with N1.04trn
Nigeria’s sub national debt burden climbed to N4.36 trillion in 2025, underscoring growing fiscal pressure on state governments, with Lagos State retaining its position as the most indebted at N1.04 trillion.
Latest data released by!-->!-->!-->!-->!-->…
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UN Experts Demand Immediate EU Suspension of Israel Trade Deal
A group of UN experts called on the European Union to immediately suspend its trade agreement with Israel, arguing that maintaining preferential market access for the Israeli regime is the minimum measure required.under international!-->!-->!-->…
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Oil Surges 6% as U.S.–Iran Tensions Tighten Supply Outlook
Global oil prices rallied sharply on Monday, with benchmarks gaining up to 6 per cent as escalating tensions between the United States and Iran heightened fears of supply disruption.
International benchmark Brent crude jumped by 5.5!-->!-->!-->!-->!-->…
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Oil firms pay $646m gas flaring penalty, highest in five years
Oil and gas companies operating in Nigeria paid an estimated $646 million in gas flaring penalties in 2025, the highest level in five years, as emissions surged.
This development revealed persistent gaps in the country’s!-->!-->!-->!-->!-->…
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How 50 days of the Iran war led to the loss of $50 billion worth of oil
The global oil market has lost more than $50 billion worth of crude since the Iran war began nearly 50 days ago, with analysts warning that the effects could last for months or even years.
More than 500 million barrels of crude and!-->!-->!-->!-->!-->…
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Shell/NNPC, partners, deliver Geosciences Centre of Excellence at UNILAG
L–R: Chief Investment Officer, NNPC Upstream Investment Management Services Ltd (NUIMS), Mr Olanrewaju Igandan; Lagos State Honourable Commissioner for Tertiary Education, Mr Tolani Sule; Managing Director, Shell Nigeria Exploration and!-->…
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