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

The Central Bank of Nigeria (CBN) has amended the operational guidelines of the Global Standing Instruction (GSI) to allow for continuous and unrestricted loan recovery by Deposit Money Banks (DMBs)

President Muhammadu Buhari on Thursday called for increased private sector investment in the country, assuring that his administration would continue to create the enabling environment for businesses to thrive. Buhari

The Nigerian National Petroleum Company Limited (NNPC) has secured a $5 billion corporate finance commitment from the African Export-Import Bank (Afreximbank) to fund major investments in Nigeria’s upstream sector. The

The Nigerian Upstream Petroleum Regulatory Commission (NURPC) on Thursday moved to resolve all outstanding issues delaying the conclusion of the 2020 marginal oilfields bid process, which was conducted last year.

The Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ are expected to continue their last year’s plan to gradually release 400,000 barrels per day when they meet next

The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. In September, El Salvador became the first country to allow consumers to

Nigeria’s federal government will from March this year commence the deployment of Compressed Natural Gas (CNG)-enabled vehicles as the country prepares to fully remove petrol subsidy. The government noted that

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday invited reserve bidders for the 2020 marginal fields programme completed in 2021, after some initial bid winners failed to pay up

The Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu has disclosed that the International Civil Aviation Organisation (ICAO) would conduct security audit of the aviation industry