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 African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …
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 …
The Regional Off-Grid Electricity Access Project (ROGEAP), in collaboration with Ecobank Nigeria, has announced plans to train 50 small and medium enterprises (SMEs) in the solar energy sector through a …
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 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 …
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 …
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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