Donald Trump has announced new measures aimed at curbing rising oil prices, coinciding with claims that Iranian naval and air forces have been 'destroyed'. This provocative statement comes …
Goldman Sachs has flagged that extreme heat in the Middle East may significantly impact India's energy supply chain, raising alarms for Nigeria's energy sector. This warning comes as region…
Niger's government has taken a significant step by rescinding contracts with four foreign companies involved in oil and gold exploration. This decision, made public on 29 October 2023, come…
The United States has closed its embassy in Kuwait as tensions escalate in the region due to rising hostilities with Iran. This move, announced on March 10, 2024, follows a series of milita…
The Nigerian Naira has shown significant strength against the US dollar in recent weeks, buoyed by a recovery in oil revenues and a series of economic measures implemented by the government. As the…
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 …
