Nigeria Exceeds 1.8m bpd Oil Output in July, Boosting 2025 Budget Targets
Nigeria’s ambition to meet its 2.06 million barrels per day (bpd) crude oil production target for the 2025 national budget...
OPEC+ to Raise Oil Output by 547,000 bpd in September Amid Global Supply Concerns
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have agreed to increase oil...
FG Gazettes 21 New Oil and Gas Regulations to Attract Investment, Boost Accountability
The Federal Government has officially gazetted 21 new regulations for Nigeria’s oil and gas upstream sector in a bold effort...
Oil Minister Urges EPC Firms to Return to Nigeria’s Energy Sector
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has appealed to Engineering, Procurement, and Construction (EPC) companies that have exited...
Tinubu Allocates Over N1.3tn to South-East Road Projects
President Bola Tinubu has committed over N1.3 trillion to ongoing road and bridge infrastructure projects in the South-East region, according...
Tariff Dispute Plunges Enugu into Darkness as EEDC Slashes Power Supply to MEDL
Parts of Enugu State have been thrown into darkness following a sharp drop in power supply from the Enugu Electricity...
FG Reaffirms Commitment to Agric Sector Growth with Industrial Hubs Initiative
The Federal Government has reiterated its dedication to transforming Nigeria’s economy through the revitalization of the agriculture sector, citing the...
Nigerians Spend Over N64.5bn on Electricity Meters in 2024 Amid Worsening Overbilling
Electricity consumers in Nigeria spent over N64.5 billion on prepaid meters in 2024 under the Meter Asset Provider (MAP) scheme,...
FG Decries Low Enrollment in Employee Compensation Scheme Despite 15-Year Law
The Federal Government has raised concerns over the persistently low enrollment in the Employee Compensation Scheme (ECS), fifteen years after...
Oil Prices Slip Again as OPEC+ Output Hike Fuels Oversupply Fears
Oil prices edged lower on Tuesday amid growing concerns of oversupply, as OPEC+ proceeded with another significant output increase despite...
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