Business

The Nigerian National Petroleum Corporation (NNPC) Limited – Chevron Nigeria Limited (CNL) Joint Venture (NNPC-CNL JV) on Friday, 18 October disclosed that a major oil discovery was made at the...

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the apex bank does not determine the foreign exchange rate, stating that it is driven...

Osagie Okunbor, managing director of Shell Petroleum Development Company (SPDC), and chairman of Shell Companies in Nigeria has debunked claims that the company is leaving Nigeria despite the decision to...

The World Bank in its recent 'Africa Pulse' report has listed the Nigerian Naira as one of the worst-performing currencies in Sub-Saharan Africa in 2024. The Naira as of August...

The Manufacturers Association of Nigeria (MAN) has re-emphasized the importance of a downward review of the electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC) for the electricity distribution...

According to a report, Nigeria's oil exploration dropped year-on-year (YoY) by 6.7 per cent in September 2024, due to limited investment in the industry's upstream sector. The Organisation of Petroleum...

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has lauded the progress of work on the Floating Production Storage and Offloading (FPSO) facility in Lagos, a joint...

The Dangote Refinery may start crude oil production soon to mitigate its feedstock challenges - Standard & Poor's (S&P) Global Commodity Insights wagers in a recent report. The Dangote Group...

The Nigerian National Petroleum Company Limited (NNPCL) has hiked its pump price of Premium Motor Spirit (PMS) in Abuja by 14.8 per cent to N1,030 per litre from N897. The...

Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), said he did not direct Nigerian National Petroleum Company Limited (NNPCL) to halt its refineries' operations focusing solely on equity participation...