Oil prices continued their surge on Saturday, sending one of Nigeria’s most valued grades, Bonny Light to $95 and Algeria’s Sahara Blend to $97.48, in an obvious push towards the

A day after Facebook owner Meta Platforms (msuffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value.

In a big hindrance to Nigeria’s hope of raising its poor daily oil production, Shell has said it would delay expansion work at its Nigerian offshore Bonga field by another

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has commenced an investigation into the circumstances surrounding the explosion of a Floating Production, Storage and Offloading (FPSO) vessel in Warri,

Nigeria’s House of Representatives has begun moves to transfer assets belonging to the defunct Nigerian National Petroleum Corporation (NNPC) to the newly established Nigerian National Petroleum Company Limited, in line

Nigeria’s federal government has explained that proceeds of the N250 billion sovereign Sukuk issued last December by the Debt Management Office (DMO) would be released as part of the 2021

The Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has expressed optimism that with the various initiatives being implemented by the company in the

Nigeria’s Federal Executive Council (FEC) has approved contracts worth $328.87 million in consultancy services for the supervision of the various railway projects in the country. FEC also approved N115.4 billion

The Lagos Deep Offshore Logistics Base (LADOL) Group and Samsung Heavy Industries (SHI) Nigeria, on Wednesday signalled an end to their five-year hostility, which had cost the economy substantial fortune

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday inaugurated the ultra-modern 420 metric tons per day capacity rice milling factory in Kano State. Speaking at the

Nigeria’s Minister of Petroleum Resources, Mr Timipre Sylva, on Tuesday expressed doubts over Nigeria’s daily petrol consumption figures, describing them as crazy and opaque. The minister who appeared on the

One of the leading global ratings agencies, Moody’s has predicted that the phased removal of subsidy paid on petrol in Nigeria will pose challenge to incoming government. In its latest

The Nigerian National Petroleum Company (NNPC) Limited on Monday gave an account of how it has positioned itself to lead Africa in energy transition. The Chief Executive Officer and Group

There appears to be no end in sight to the financial and resource haemorrhage in Nigeria’s oil and gas industry, with the country once more losing as much as 6.596

The Central Bank of Nigeria (CBN) digital currency, eNaira, has continued to attract the interest of Nigeria’s banking public at home and across the world, with its total downloads hitting

The Central Bank of Nigeria (CBN) has disclosed that Nigeria recorded a foreign exchange inflow of $55.5billion within a seven-month period. It attributed the forex inflow to increased non-oil receipts

The Nigerian National Petroleum Company (NNPC) paid an additional cash call arrears of $452,535,270 to its joint venture (JV) partners between November 2020 and November 2021, bringing to $3.54 billion