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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Global Oil Crisis: FG Reacts As 94 Countries Subsidise Fuel
According to a reports on Friday, August 14, 2026, as the global energy shock triggered by the United States and Iran conflict bites harder, the Nigerian government has bluntly rejected calls to reinstate petrol subsidies.
This!-->!-->!-->!-->!-->…
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Oil Prices Drop On Demand Concerns
Oil prices fell as weaker global demand forecasts and a sharp rise in U.S. crude inventories pressured the market. Brent dropped 2.47% to $86.78 a barrel, while WTI fell 2.81% to $80.93. Supply disruptions around the Strait of Hormuz!-->!-->!-->…
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Deep Offshore Tax Remission Order 2026: Recalibration Or Redistribution?
Prof. Omowumi O. Iledare
President Bola Ahmed Tinubu’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026 (DOEO 2026) deserves neither an automatic applause nor an instinctive criticism. My reaction!-->!-->!-->…
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Deep Offshore Incentive Order Will Accelerate Investment, Production Growth – Ojulari
The Nigerian National Petroleum Company Limited (NNPC) has welcomed the Federal Government's signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, describing it as a landmark reform that!-->!-->!-->…
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Over 10,000 Benefit From NNPC/Shell Vision First Initiative As Badagry Hosts Latest Outreach
Smiles of hope and renewed confidence as the first set of beneficiaries received free eye care services on Day 1 of the NNPC-Shell Vision First Initiative in Badagry. The programme is helping improve access to quality eye care through!-->…
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Development Finance, Advisory And Research Leaders Join Power Africa Today At AEW 2026
*The conference takes place as part of AEW 2026 at CTICC 1 in Cape Town from October 12-16
The institutional architecture around African power investment has grown considerably more sophisticated in recent years, with multilateral!-->!-->!-->!-->!-->…
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Dangote Got 98% Of Crude Offered To Local Refineries In Q2 — NUPRC
The development is significant for Nigeria’s refining ambitions as the country seeks to reduce its dependence on imported petroleum products by ensuring that domestic refineries have adequate crude feedstock
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Manufacturers Urge CBN to Cut Interest Rates As Financing Costs Weigh On Industry
Nigeria’s manufacturers have called on the Central Bank of Nigeria (CBN) to ease monetary policy, arguing that elevated borrowing costs are constraining production, discouraging investment and slowing the growth of the country’s!-->!-->!-->…
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Economic Reforms: Stop Deceiving Nigerians With Figures, Sowore Tells FG
…Says Nigerians are still multidimensionally poor…Faults subsidy removal, says policy deepened hardship
Presidential candidate of the African Action Congress, AAC, Omoyele Sowore, has urged the Federal Government to stop relying on!-->!-->!-->!-->!-->…
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Oil Prices Rise On Hormuz Supply Concerns
By A Research Analyst
Oil prices rose nearly 2% on Monday as uncertainty over the reopening of the Strait of Hormuz renewed supply concerns. Brent climbed 1.7% to $84.95 a barrel, while WTI rose 1.7% to $79.51. Iran’s conditions!-->!-->!-->!-->!-->…
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