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 …
Energy
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The National Pension Commission (PenCom) is stepping up efforts to recover unpaid pension contributions from electricity generation and distribution companies across Nigeria. Omolola Oloworaran, the Director-General of PenCom, led a …
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 …
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Building Value Through Real Estate and Beyond
An Exclusive Interview with Noah Ibrahim, CEO of Novarick Homes In a quiet yet determined voice, Noah Ibrahim, the Managing Director and CEO of Novarick Homes and Properties Limited, speaks …
- BusinessEconomyEnergyGOVERNMENTPolitics
Nigeria: Tinubu’s effort to resturcture the ailing oil sector
President Bola Ahmed Tinubu has started major reforms in Nigeria’s oil sector, as the country continues to face serious problems like low oil production, poor financial records, and mismanagement. The …
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Nigeria cuts electricity subsidies by 35% after tariff hike
The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
- BusinessEnergyEnvironmentInternational RelationsINVESTMENT
UAE’s Africa push prompts cautious optimism
The United Arab Emirates (UAE) has now become the biggest foreign investor in Africa’s new business projects, with a total commitment of $110 billion between 2019 and 2023. Out of …
- BusinessEnergyEnvironmentInternational RelationsLeadership
The South African green investor who took on Trump – and won
South African businesswoman, Linda Mabhena-Olagunju, is fast becoming a big name in the renewable energy world, both in Africa and around the globe. Born and raised in a small village …
- 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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Dangote Refinery Price Strategy Sparks New Fuel Import Wave in Nigeria
The recent pricing strategy of Dangote Petroleum Refinery has come under the spotlight, as industry analysts reveal that its pricing model is now encouraging fresh importation of petrol into Nigeria. …