The Manufacturers Association of Nigeria has warned that the country’s unreliable and expensive electricity supply continues to frustrate industrial growth, as manufacturers spent N676.6bn on alternative energy in the first …
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said the commission approved about $20bn worth of Field Development Plans within the last 10 months as …
Nigeria’s 2025 Licensing Round is already attracting early attention from major international oil companies as renewed confidence grows in the Nigerian Upstream Petroleum Regulatory Commission’s ongoing reforms, which industry players …
The Nigerian Society of Chemical Engineers (NSChE) has inducted Ronald Adams, Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), alongside 19 other professionals, as Fellows of the …
Petroleum marketers in Nigeria may soon stop importing petrol as the Dangote Petroleum Refinery has slashed its ex-depot price by ₦49 per litre, a move that is already reshaping the …
The Abuja Electricity Distribution Company (AEDC) has begun a large-scale retrenchment exercise that has seen about 800 employees laid off, deepening concerns among Nigerians already struggling with rising inflation, worsening …
Industrialists from Northern Nigeria have thrown their weight behind the Federal Government’s decision to impose a 15 per cent import duty on petroleum products, describing it as a bold policy …
The Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors for 2025, Mr. Adeyemi-Bero, has advised Nigerian oil producers to prioritise refining crude oil locally instead of …
The Chief Executive Officer of CPAAT Consulting, Mr. Folarin Banigbe, has unveiled the company’s strategic plan to accelerate digital transformation in Nigeria’s oil and gas sector through smart technology, collaboration, …
With global oil prices falling to around $64 per barrel, far below Nigeria’s $75 budget benchmark, the country faces renewed fiscal pressure and foreign exchange challenges. However, sweeping reforms by …