Business

The Manufacturers Association of Nigeria (MAN) has re-emphasized the importance of a downward review of the electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC) for the electricity distribution...

According to a report, Nigeria's oil exploration dropped year-on-year (YoY) by 6.7 per cent in September 2024, due to limited investment in the industry's upstream sector. The Organisation of Petroleum...

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has lauded the progress of work on the Floating Production Storage and Offloading (FPSO) facility in Lagos, a joint...

The Dangote Refinery may start crude oil production soon to mitigate its feedstock challenges - Standard & Poor's (S&P) Global Commodity Insights wagers in a recent report. The Dangote Group...

The Nigerian National Petroleum Company Limited (NNPCL) has hiked its pump price of Premium Motor Spirit (PMS) in Abuja by 14.8 per cent to N1,030 per litre from N897. The...

Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), said he did not direct Nigerian National Petroleum Company Limited (NNPCL) to halt its refineries' operations focusing solely on equity participation...

The Nigerian National Petroleum Company Limited (NNPCL) could commence supply of crude oil in naira to the Dangote Petroleum Refinery this week following the announcement by the Federal Government that...

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) has said the apex bank once again raised interest rates in its last Monetary Policy Committee (MPC) meeting to control...

The Nigerian National Petroleum Company Limited (NNPCL) has earmarked 272,500 barrels per day to pay off $8.86 billion in rude-for-loan deals. The 272,500 barrels per day connotes that about 8.17...

According to news reports, the Nigerian National Petroleum Company Limited (NNPCL) has allocated 48.6 million barrels of crude oil to Dangote Petroleum Refinery in 10 months. In a Vanguard News...