The Manufacturers Association of Nigeria (MAN) has appealed to the federal and state governments to protect industries from the erratic power supply and hike in price of diesel across the

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Monday lamented the unprecedented rate of oil theft recorded in recent times and its debilitating effect on government

A Co-founder and former Chief Executive Officer of Seplat Energy Plc, Mr. Austin Avuru has called for a state of emergency in the Nigerian oil and gas sector, revealing that

The Nigerian National Petroleum Company (NNPC) Limited has attributed the inability of existing private modular refineries in the country to produce petrol to the regulation of the price of the

Nigeria President Muhammadu Buhari will on Tuesday inaugurate the Dangote Fertiliser Plant, estimated to have cost about $2.5 billion. A programme detailing the planned proceedings for the event showed that

The Broadcasting Organisation of Nigeria (BON), a body representing broadcast stations in Nigeria, has cried out over the skyrocketing costs of operation following the high cost of petrol and diesel,

The Minister of Petroleum Resources, Mr. Timipre Sylva, at the weekend vowed that the federal government would sanction petrol depot operators selling the product above the approved prices. He warned

Businessman and Chairman Heirs Holdings, Mr Tony Elumelu, on Thursday bemoaned the fact that Nigeria was losing over 95 per cent of its oil production to thieves. Elumelu, who narrated

Nigeria’s federal government said on Thursday that it had settled the power Generation Companies (Gencos) to the tune of approximately N3.5 trillion from the total invoices of N4 trillion (about

Nigeria has issued $1.250 (N520 billion) billion seven-year Eurobond in the International Capital Market (ICM), being the first African country to access the ICM in 2022. This is just as

The House of Representatives Committee on Public Accounts was on Thursday informed about how the Federal Inland Revenue Service (FIRS) accepted capital allowances claims by tax payers without certificate of

Italian oil major, Eni, has promised to lift the force majeure on the Ogoda/Brass 24 oil pipeline in Bayelsa State this week. Eni in an updated statement issued Tuesday, said

Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market already fretting about the impact of Russia’s invasion

Airline Operators in Nigeria on Monday warned that they have only three days left to shut down operations over lingering scarcity of aviation fuel. In their presentation, Airline Operators of

The audit report of the Auditor General for the Federation has revealed that the defunct Nigeria National Petroleum Company (NNPC) failed to account for about 107,239,436.00 barrels of crude oil

Aiteo Eastern Exploration and Production Company (AEEPCO), on Sunday denied reports that a new leak had been discovered at its Nembe Creek Trunk Line (NCTL) pipeline within its OML 29

Nigeria’s earnings from the solid minerals sector climbed to N624.45 billion in the last 13 years, a new report by the Nigeria Extractive Industries Transparency Initiative (NEITI), on Sunday indicated.

A new report by Financial Derivatives Company (FDC) Limited, a research firm which provides insights for investment decisions, has disclosed that Nigeria will require about $100 billion funding spread across

Power Generation Companies (Gencos) under the Association of Power Generation Companies (APGC) on Sunday stated that the power supply situation in the country was worsening because they were owed over

The Nigerian Ports Authority (NPA) has flagged off the first non-oil export processing terminal, situated in Ibeshe-Ikorodu, Lagos State. The Ibeshe-Ikorodu facility is designated as EssLibra Terminal. The EssLibra Terminal