In a significant move to address the environmental degradation caused by oil spills in the Niger Delta, local communities have launched a comprehensive oil spill cleanup initiative aimed at restori…
In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petro…
In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Niger…
Nigerian businessman, Tony Elumelu says the government and security agents in Nigeria should be able to tell Nigerians who steal the country’s crude oil, especially using vessels that move through …
In a time of heightened tension and unrest across several states in Nigeria, President Bola Tinubu addressed the nation on Sunday with a message of concern, responsibility, and a call for unity.…
The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production. It said this was a move towards increasing Nigeria’s crude oil production and gro…
The International Monetary Fund (IMF) says Nigeria must prioritise addressing food insecurity. The IMF stated this in a report after its team, led by Axel Schimmelpfennig, IMF mission chief …
The Federal Government has revealed its intent to audit the N23 trillion Ways and Means debt. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced this at …
The Nigeria Governors’ Forum, NGF, has appealed for an urgent discussion among stakeholders to address the food inflation, naira depreciation and rising insecurity across parts of the country. …
A leading international oil company, Shell, has agreed to sell its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited, SPDC, to Renaissance, a consortium of five co…
The Senate has approved the sum of N28.7 trillion as the 2024 appropriation bill. The Bill which was passed by the Senate after also considering and approving the report of the joint committ…
President Bola Tinubu, on Wednesday, presented the 2024 budget estimate to the joint session of the National Assembly. Christened ‘Budget of Renewed Hope,’ an aggregate expenditure of N 27.5…
