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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has eased petrol import restrictions by granting a new batch of licences to local marketers. According to a report on Tuesday by S&P Global, the…
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Unity Bank Unity Bank Plc has effectively crossed the ₦200 billion capital requirement set for national banking licences, following a regulator-supported financial restructuring linked to its ongoing merger with Providus Bank. The…
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Nigeria needs over $100 billion in public and private investments to achieve 24-hour electricity, as Power Minister Adebayo Adelabu outlines funding gaps, gas shortages, and sector reforms. The Federal Government has revealed that…
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The Chief Executive Officer of the Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has said Nigeria’s hydro plants are not generating enough power to serve the country. The ANED CEO said this in an interview…
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Nigeria could raise its crude oil production by approximately 100,000 barrels per day over the next few months, the Group Chief Executive Officer of the Nigerian National Petroleum Company, Bashir Bayo Ojulari, has said, as the country…
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Nigeria recorded a 21% growth in gas exports in 2025, rising to $10.51 billion from $8.66 billion recorded in 2024. This is according to the latest Balance of Payments (BOP) report released by the Central Bank of Nigeria (CBN). The…
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Niger Delta stakeholders, under the aegis of Niger Delta Congress, NDC, have called for an immediate, thorough and independent forensic audit of the pipeline protection contract initiated by the Federal Government. The contract,…
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*Checks on Monday showed that NNPC filling stations in Abuja and environs hiked their petrol price at the weekend to N1,367 per liter, up from N1,261 The Nigerian National Petroleum Company Limited retail outlets have raised their…
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KEY POINTS Brent Crude reached $102.83/bbl as of March 17, 2026, while the JKM gas benchmark surged to $19.28/mmBtu due to the US-Israel-Iran conflict The shock threatens to reverse an 11-month disinflation trend that saw…
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The Nigerian Naira maintained a steady path against the United States Dollar at the start of the new trading week, as activities in the Nigerian Foreign Exchange Market (NFEM) and the parallel market reflect the ongoing impact of…
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