The Coordinating Minister of Finance and Chief Economic Adviser to Nigeria's President has told reporters that the country cannot achieve meaningful economic progress without a complete overhaul of…
The Nigerian Upstream Petroleum Regulatory Commission has confirmed that Nigeria possesses the capacity to increase its crude oil production to 1.9 million barrels per day. The announcement came fr…
A Nigerian advocacy organisation has issued a stark warning that the country's oil revenues risk bypassing ordinary citizens unless the government prioritises infrastructure development. The Common…
The World Bank has lowered its growth projection for Sub-Saharan Africa to 4.0%, down from earlier estimates, in a report that identified higher global energy prices as a potential benefit for oil-…
A strike threat from workers at Nigeria's oil and gas regulator has raised alarms across the country's en…
The Nigerian National Petroleum Corporation (NNPC) announced a remarkable revenue of N4.97 trillion for April 2023, marking a significant recovery in its financial performance. The state-owned oil …
South Africa's new initiative for responsible offshore development, announced on November 1, 2023, aims to set industry standards that prioritise environmental sustainability. The project, led by t…
The Nigerian Safety Investigation Bureau (NSIB) has opened an investigation into a recent collision at Bonny Anchorage that left significant concerns among local communities. This incident, which o…
Cuba has formally accused the Trump Administration of bad faith during recent diplomatic engagements at the …
Nigeria has increased crude oil production to capitalize on rising global prices triggered by the escalating conflict in Iran. The strategic move aims to stabilize the Naira and fill the national c…
Washington has issued a clear directive to African nations: unlock the continent’s vast oil reserves to capture half of the supply currently flowing through the Strait of …
Gold prices face immediate downward pressure as crude oil costs surge, creating a complex economic landscape for …
