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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President Tinubu Urges Banks To Fund Production, Jobs As Next Reform Phase Targets Living Standard
President Bola Ahmed Tinubu has charged Nigeria’s banking and financial services industry to move beyond balance-sheet expansion and channel more capital into businesses, production and job creation, saying the next phase of the…
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NMDPRA denies AGF report of under-remitted gas flare penalties
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied the report of alleged under-remitted gas flare penalties contained in the Office of the Auditor-General of the Federation’s 2023/2024 Annual…
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NCDMB To Feature Nwabuikwu’s ‘The Pain and The Promise’ In Book Reading Session
By Saidu Abubakar
The Nigerian Content Development and Monitoring Board (NCDMB) will host the fifth edition of its Book Reading Programme on Tuesday, September 15, 2026, featuring writer, journalist, public policy analyst and…
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Not a penny of recovered assets will be mismanaged under my watch — EFCC boss assures Nigerians
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has assured Nigerians that recovered assets will not be mismanaged under his leadership.
Olukoyede gave the assurance on Tuesday amid an ongoing debate…
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NNPC Disowns Intercepted Truck By NDLEA, Supports Full Investigation
The Nigerian National Petroleum Company Limited (NNPC) Ltd commends the National Drug Law Enforcement Agency (NDLEA) for its vigilance and professionalism in intercepting a truck reportedly found with 2,145kg of cannabis concealed in a…
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NUPRC to commence 2026 oil licensing round in October, says CEO
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it plans to commence its next oil licensing round by early October.
In an interview with S&P Global, Oritsemeyiwa Eyesan, NUPRC’s chief executive officer (CEO),…
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Dangote Refinery set for IPO signing ceremony in Lagos
The Dangote Petroleum Refinery is set to hold the signing ceremony for its Initial Public Offering (IPO) in Lagos, marking a major milestone in the company’s journey to becoming a publicly listed firm.
The event is scheduled to take…
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NUPRC Plans Twice-Yearly Oil Licensing Rounds to Push Nigeria’s Output Towards 4m bpd
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering conducting oil licensing rounds twice a year as part of efforts to attract fresh investment, bring more operators into the upstream sector and significantly…
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Investors gain N3.7trn ahead of Nigeria’s climb to frontier status
The Nigerian stock market closed last week on a positive note, as investors on the Nigerian Exchange Limited, NGX, gained N3.73 trillion.
Now that Nigerian universities, polytechnics and colleges of education will face national…
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Iran War forces a rewrite of global oil trade routes
Oil prices are about to book yet another weekly gain as the war in the Middle East remains hot, with a pessimistic outlook.
Oil exporters from the region are rushing to diversify their export channels, and importers are rushing to…
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