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FG to Reclaim Dormant Oil Wells as NUPRC Implements 'Drill or Drop' Policy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has informed oil producers of its inte...

June 13, 2025
Nigeria's $5bn Crude-for-Loan Deal with Aramco Faces Major Setbacks amid Falling Oil Prices

A $5 billion crude-for-loan agreement between the Federal Government and Saudi Arabian oil giant Ara...

June 11, 2025
Tinubu Reopens Renovated Conference Centre, Mandates Payment for Usage

ABUJA,Nigeria - The Minister of the Federal Capital Territory, Nyesom Wike, has declared that the Ab...

June 11, 2025
FG to Lose $4 Million from World Bank Loan Over Audit Failures
June 10, 2025

The Federal Government is anticipated to forfeit $4 million from a World Bank loan due to its failur...

Tinubu Commits to Collaborative Efforts with AfDB's New Leadership, Congratulate Sidi Tah
May 30, 2025

President Bola Tinubu has praised the election of Sidi Tah as the ninth president of the African Dev...

South Africa Surpasses Nigeria in Fuel Imports Amid Dangote Refinery Operations
May 29, 2025

Nigeria has lost its long-standing title as Africa’s largest importer of refined petroleum pro...

Economists Warn of Debt Sustainability Risks as Nigeria Eyes $24.14 Billion in Foreign Loans
May 28, 2025

Nigeria's public debt is poised for another substantial increase as President Bola Tinubu has sought...

Nigeria's Solid Minerals Sector Attracts Over $800 Million in Investments Amid Policy Shift
May 25, 2025

The Minister of Solid Minerals Development,Dr Dele Alake announced that Nigeria attracted over $800...

SNEPCo Urges Indigenous Firms to Enhance Skills for Future Opportunities
May 23, 2025

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has urged Nigerian firms to st...

JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
May 22, 2025

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
May 22, 2025

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
May 22, 2025

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

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