Oil-producing states in Nigeria have reduced their domestic debts by about N610.84 billion between June 2023 and March 2025, largely due to record inflows from the 13 per cent derivation …
EconomyFinanceGOVERNMENTOil & Gas
Category:
Energy
- EconomyEnergyGovernanceInfrastructurePower Sector
NERC Hands Over Bayelsa Electricity Market to State Regulator
The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of the electricity market in Bayelsa State to the Bayelsa State Electricity Regulatory Agency (BYERA), marking another major step …
- BusinessEconomyEnergyInfrastructureOil & GasTransportation
Dangote Refinery Set to Begin Direct Fuel Distribution with 1,000 CNG Trucks
Barring any last-minute change, the Dangote Petroleum Refinery is set to begin its direct fuel distribution scheme soon as 1,000 Compressed Natural Gas-powered trucks ordered for the project have arrived …
- BankingBusinessEconomyFinanceForex TradingOil & Gas
Naira Gains Slightly as Nigeria’s External Reserves Hit $41 Billion High
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
- AfricaConflictEconomyGovernanceOil & GasPolitics
President Kiir Sacks South Sudan Finance Minister as Economy Faces Deepening Crisis
South Sudan’s President Salva Kiir Mayardit has dismissed the country’s finance minister, continuing a pattern of frequent changes in the top economic post as the nation struggles with rising inflation, …
- AfricaBusiness and EconomyEnergyInternationalOil & Gas
NESR Secures $100m Energy Contracts in Algeria and Libya
The National Energy Services Reunited Corp. (NESR), a leading international provider of integrated energy services across the Middle East and North Africa (MENA), has announced the award of several major …
- BusinessEconomyEnergyEnvironmentOil & GasPower Sector
Nigeria Produces 1.37 Trillion scf of Gas in Six Months as Experts Warn on Policy Gaps
Nigeria produced about 1.37 trillion standard cubic feet (scf) of natural gas between January and June 2025, according to fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). …
- BusinessEconomyEnergyInnovationManufacturingTechnology
Schneider Electric Pushes Edge Computing and Smart Dashboards to Boost Nigerian Manufacturing
In Nigeria’s manufacturing sector, where daily challenges include poor power supply and unreliable internet, global energy and automation firm Schneider Electric says smarter machines could help industries work better. The …
- BusinessEconomyEducationEnergyInnovationTechnology
Zinox Chairman Calls for Electricity Subsidy in Schools to Boost Digital Growth
Zinox Group Chairman, Leo Stan Ekeh, has urged the Federal Government to subsidise electricity supply for schools and research centres, warning that poor power supply is slowing down Nigeria’s progress …
- BusinessDevelopmentEducationEnergyEnvironmentInnovationYouth
Schneider Electric Backs Nigerian Students to Lead Clean Energy Drive
French energy giant, Schneider Electric, is turning to Nigerian students to power the country’s transition into clean energy. The company partnered with Enactus, a global non-profit focused on youth innovation, …