Oil & Gas

The landing cost of Premium Motor Spirit, popularly known as petrol, has now risen to an average of N870 per litre, according to data from the Major Energies Marketers Association …

Nigeria, one of Africa’s biggest economies, is currently facing serious power problems, even though it has huge energy resources. With a population of over 200 million people and rich oil …

The global oil market is in crisis again. In April 2025, the price of Brent crude oil dropped by more than 20%, sinking below $70 per barrel for the first …

There is fresh controversy surrounding Nigeria’s state-owned refineries, as industry experts and oil marketers continue to question the Nigerian National Petroleum Company Limited (NNPCL) over the poor performance of the …

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 …

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 …

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 …

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 …

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 …

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 …