The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday finally closed out the 2020 marginal oilfields bid round two years after the process commenced. With the issuance of the Petroleum

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Monday said the objectives of the country’s exchange rate policy were to preserve the value of the domestic

The inability of the Nigerian National Petroleum Company Limited (NNPC) to carry out its statutory obligations to the federation continued for the fifth month in May, with the firm now

After a long wait, Nigeria’s federal government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Saturday said that it was set to issue Petroleum Prospecting Licences (PPL) to successful

President Muhammadu Buhari has declared that the huge investments made in the country by Nigerians in Diaspora would help in no small measure in the survival of the nation’s economy.

As the ongoing petrol scarcity in Nigeria bites harder, a factional national leadership of the Independent Petroleum Marketers Association of Nigeria, (IPMAN) has urged the Nigerian National Petroleum Company (NNPC)

The electricity Generation Companies (Gencos) in Nigeria Thursday compared the federal government’s handling of the power sector to the case of “flogging a dead horse.” Coming under the Association of

The Innovate UK KTN, Global Alliance Africa Project, a United Kingdom-funded knowledge-based programme set up to provide solutions to Africa’s energy challenge, on Thursday said it had so far spent

Nigeria’s House of Representatives has queried the $49 million contract awarded to Technimont to undertake integrity test for refineries across the country. Chairman of the ad hoc committee investigating the

Nigeria’s federal government on Thursday inaugurated a 10-man expert team to work on a report preceding the reactivation of over 3,000 shut-in oil strings which have contributed to the country’s

Nigeria President Muhammadu Buhari, on Tuesday, defended the policies being implemented by Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, saying rather than follow textbook solutions developed

Despite the position of some oil marketers that the current pump price for petrol in Nigeria is unsustainable following long queues that have surfaced in some cities across the country,

The Center for International Private Enterprise (CIPE) will host the first ever edition of the Africa Business Integrity Network (ABIN) Awards & Recognition event on Tuesday, June 28th, 2022, to

The tobacco industry in Nigeria is allegedly exploiting social networking platforms to promote and market its products in contravention of provisions of the National Tobacco Control Act 2015 and its

Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) , Dr Sanusi Barkindo, at the weekend stated that the oil producers’ group has continued to grow strong in spite

Minister of State, Petroleum, Timipre Sylva at the weekend said Nigeria will play a key role in the global energy transition to achieve net-zero emissions, stressing that the country will

The International Air Transport Association (IATA) has disclosed that airlines unremitted revenues from Nigeria (known as blocked funds) has risen to $450 million, representing 25 per cent of the total

  The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has called on the Nigerian Ports Authority (NPA), the Nigeria Customs Service (NCS) and shipping companies to

The President of the African Export and Import Bank (Afreximbank), Prof. Okey Oramah has identified African youths as the catalytic force that would propel the realisation of the African Continental