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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Nigeria: Paradox Of Poor Citizens In A Rich Nation
Poverty
Few countries in the world embody the contradiction between wealth and poverty as starkly as Nigeria. Blessed with abundant crude oil, one of the largest natural gas reserves in Africa, vast deposits of solid minerals, fertile!-->!-->!-->…
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Recent World Bank, IMF Data On Nigeria Says Nearly 8 in 10 = Poor + At Risk
Compiled by Saidu Abubakar
About 139 million Nigerians (61% of the population) live below the national poverty line, surviving on less than the equivalent of a few dollars a day, while 79% remain near-poor or vulnerable to falling!-->!-->!-->!-->!-->…
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No N210tn Missing From NNPC Accounts – Bala Wunti Tells Senate
Former Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Alhaji Bala Wunti, has assured the Senate that no ₦210 trillion is missing from the Nigerian National Petroleum Company Limited (NNPC Ltd.)!-->!-->!-->…
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NUPRC Advocates Peaceful Environment For Project Implementation
…Lauds TotalEnergies for peace at OML 58
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said yesterday that the Host Community Development Trust (HCDT) Fund can be implemented only in a peaceful community.
This was!-->!-->!-->!-->!-->!-->!-->…
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2030 Oil, Gas Targets Requires $38.3bn Investment, Verheijen Says
Mrs Olu Verheijen
The Special Adviser to the President on Energy, Mrs Olu Verheijen, has said Nigeria requires about $38.3 billion in fresh investment to sustain current oil and gas production and achieve its 2030 output targets.
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NUPRC To Reveal Successful Bidders for 50 Oil, Gas Assets July 21
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will, at the Commercial Bid Conference, announce the successful bidders for 50 oil and gas blocks in the 2025 Licensing Round on July 21, 2026.
The regulator said the!-->!-->!-->!-->!-->…
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79% of Nigerians Face Poverty Despite Tinubu’s Reforms – World Bank Reveals
The World Bank
Despite nearly three years of sweeping economic reforms introduced by President Bola Tinubu’s administration, about 79 per cent of Nigerians remain poor or vulnerable to falling into poverty, according to a new!-->!-->!-->…
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Boost For Nigerian Content As Shell Awards $518 million Contracts In 2025
Shell leaders and other dignitaries at the Shell booth during the ministerial tour marking the opening of Nigerian Content Day at the 2026 Nigeria Oil and Gas (NOG) Conference and Exhibition in Abuja.
Shell Companies in Nigeria awarded!-->!-->!-->…
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NNPC’s ₦210Trn: Senate Gives External Auditors One-Week For Details
The Senate has given the external auditors of the Nigerian National Petroleum Company Limited (NNPC Ltd.) a one-week ultimatum to provide a detailed breakdown of over ₦210 trillion recorded in the company’s audited financial!-->!-->!-->…
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World Cup Budget: Atiku Faults N6.44bn Allocation, Seeks Independent Investigation
According to Daily Post, published on Wednesday, July 15, 2026, African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has criticised the inclusion of N6.44 billion for a presidential support group for the 2026 World!-->!-->!-->…
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