The insurance team of the Nigeria Liquefied Natural Gas (NLNG) is making moves to understand more about energy and special risk insurance policies, especially as the energy sector continues to …
Category:
Energy
- 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 …
- 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 …
- Business and EconomyEconomyEnergyNigeriaOil & GasWestern Africa
Nigeria’s Crude Oil Reserves Now 37.28 Billion Barrels – NUPRC Boss
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced that Nigeria’s crude oil and condensate reserves have reached a total of 37.28 billion barrels, with gas reserves standing at …
- EconomyEnergyGOVERNMENTInfrastructurePolicies
Gas Minister Urges NNPC to Fast-Track AKK, OB3 Pipeline Completion, Expand Domestic Gas Use
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called on the newly appointed leadership of the Nigerian National Petroleum Company Limited (NNPC Ltd.) to prioritise the completion of …
- BusinessEconomyEnergy
Archlight Denies Transferring IBEDC Shares to 86 Gardens, Insists It Followed Due Process
Archlight Nigeria Limited has denied the claims that it transferred over 50 percent of its equity shares in the Ibadan Electricity Distribution Company (IBEDC) to 86 Gardens Limited. The company …
- BusinessDevelopmentEnergyFinance & Services
NLNG, BoI unveil micro-credit scheme to boost local economy
The Nigeria LNG Limited (NLNG) has taken a bold step to empower small businesses and drive grassroots economic development with the launch of an expanded Micro, Small, and Medium Enterprises …
Temile Development Company Limited (TDC), a Nigerian firm, has announced a major boost in its investment in the country’s gas sector. The company now has over $450 million worth of …
Nigeria’s oil and gas industry has recorded a major milestone as local fabrication capacity has now surpassed national demand, allowing Nigerian companies to offer fabrication services to other African countries …
The Federal Executive Council (FEC) has ordered the full implementation of the Naira-for-Crude agreement between the Federal Government and local oil refiners, a move aimed at strengthening Nigeria’s local refining …