The Federal Government has placed a ban on the importation of oil pipelines into Nigeria. The Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri, made this known on Thursday during …
Category:
Oil & Gas
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EconomyFinance & ServicesInternational RelationsMarketsOil & GasTrade and Commerce
Turkey’s Top Oil Refiner Buys Nigerian Crude, Giving Boost to Nigeria’s Revenue Plan
Nigeria’s oil revenue is set for a boost as Turkey’s biggest oil refining company, Tupras, has placed new orders for Nigerian crude oil expected to arrive between March and April …
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Banking, Finance & InvestmentGOVERNMENTOil & GasPolicies
Fitch: Banks Can Withstand Windfall Tax, Despite Rising Economic Pressures
Global credit rating agency, Fitch Ratings, has expressed confidence in the resilience of Nigerian banks, stating that their strong profitability will cushion the impact of the recently imposed windfall tax …
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Digital EconomyEconomyGOVERNMENTNigeriaOil & Gas
Agbakoba: Over-Concentration of Power is Nigeria’s Biggest Challenge to Economic Growth
Dr. Olisa Agbakoba, a respected lawyer and former president of the Nigeria Bar Association (NBA), has warned that Nigeria’s over-centralised governance structure is preventing the country from reaching its full …
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AfricaBusinessEconomyEnergyInternational RelationsOil & Gas
Nigeria’s Walcot Group wins three oil blocks in Angola
Walcot Group, a well-known Nigerian energy company, has signed a production sharing contract (PSC) with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG). The signing took place last …
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EconomyGOVERNMENTOil & GasPolitics
Edo Rep, Esosa Iyawe, Hails Tinubu’s Reconstitution of NNPC Board, Says It Will Boost Energy Sector Reforms
The member representing Oredo Federal Constituency in the House of Representatives, Hon. Esosa Iyawe, has praised President Bola Tinubu for what he described as the “timely and strategic” overhaul of …
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AFRICA NEWSBusinessEconomyEnergyGlobal NewsInternational RelationsNewsNigeriaOil & Gas
OPEC cuts global oil demand growth forecasts over US tariffs
The Organisation of the Petroleum Exporting Countries (OPEC) has slightly reduced its earlier forecast for global oil demand in 2025. According to its Monthly Oil Market Report released on Monday, …
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EconomyEnergyGOVERNMENTOil & GasPolicies
FG Slashes Gas Price for Power Companies as ₦4.7tn Debt Threatens Electricity Supply
The Federal Government has reduced the price of natural gas supplied to power generation companies in a move to ease the financial burden affecting the electricity sector. This new pricing …
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EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
Nigeria’s Crude Oil Output Drops Again As Prices Fall, Budget Under Threat
Nigeria’s daily crude oil production has dropped again in March 2025, raising more concerns about the country’s ability to meet its budget plans for the year. This is coming at …
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Business and EconomyEconomyEnergyFinance & ServicesGOVERNMENTNigeriaOil & GasWestern Africa
Fitch Raises Nigeria’s Credit Rating After Key Economic Reforms
International credit rating agency, Fitch Ratings, has upgraded Nigeria’s long-term foreign-currency rating from ‘B-‘ to ‘B’, changing the country’s outlook from negative to stable. This announcement was made in a …