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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The Price of Petrol Is Rising and Nigerians Simply Cannot Cope
...The cost of living in Nigeria is about to kill the living
Do you remember Falz’s “This Is Nigeria” song? The song where he asks us to look around and see how we are living? On Thursday, September 17, 2026, that song was playing!-->!-->!-->!-->!-->…
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NCDMB Honours Retirees, Reflects On Local Content Growth
The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and the exponential growth of local content in the oil and gas industry since the enactment in year 2010 were the key talking points among pioneering Management!-->!-->!-->…
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Oil prices jump as Trump rejects Iran peace proposal
Crude oil prices started the week higher after President Donald Trump rejected Iran’s peace proposal, raising concerns that the conflict could continue and disrupt global oil trade.
At the time of writing, Brent crude was trading at!-->!-->!-->!-->!-->…
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Power plants operated at 86% capacity in August — NERC
Nigeria’s grid-connected power plants operated at an average of 86 per cent of available capacity in August 2026, the Nigerian Electricity Regulatory Commission (NERC) has said.
This is contained in NERC’s August 2026 factsheet,!-->!-->!-->!-->!-->…
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Stockbrokers’ conference to focus on economic prosperity
The Chartered Institute of Stockbrokers (CIS) will use its 30th annual conference in Lagos to examine how record capital mobilisation can translate into faster growth, productive investment and shared prosperity.
The annual!-->!-->!-->!-->!-->…
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CBN probes banks’ restriction of customers’ access to forex accounts
•To issue circular to commercial banks
•As banks place limits on dispensable amounts
There's rising concerns over restrictions imposed by some banks on customers. The situation is not different in banks located in other parts of!-->!-->!-->!-->!-->!-->!-->…
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NUPRC, NMDPRA, NNPC, IOCs Converge on Lagos for Hydrocarbon Measurement Talks
Nigeria’s petroleum regulators, leading oil and gas producers, fiscal institutions and measurement technology providers from across the world will gather in Lagos for the 6th Nigeria Hydrocarbon Measurement Conference (NiHMEC).
The!-->!-->!-->!-->!-->…
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FG seeks fresh $1.5bn World Bank loan
World Bank
The Federal Government has opened discussions with the World Bank for three new loans totalling $1.5bn, even as Nigeria’s public debt climbed to a record N166.79tn at the end of June 2026.
Documents obtained from the World!-->!-->!-->!-->!-->…
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AFRICA’S REFINING MOMENT — AND NIGERIA’S INFLECTION POINT
By Kunle Odusola-Stevenson
Africa stands at a defining moment in the evolution of its energy economy.
For decades, the continent has exported crude while importing a substantial share of the refined petroleum products needed to!-->!-->!-->!-->!-->!-->!-->…
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Fuel Subsidy a Scam that will Hurt Nigeria Again – Alex Otti
Governor Alex Otti of Abia State
Abia State Governor, Alex Otti, has backed the removal of fuel subsidy, saying those calling for its return do not mean well for Nigeria.
Otti stated this in an exclusive interview aired by Arise!-->!-->!-->!-->!-->…
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