…as report puts non-oil and oil revenues at ₦35.49trn, ₦7.2trn, respectively Oredola Adeola Despite increased oil production through mid-2025, President Bola Tinubu has announced that Nigeria met its 2025 revenue target as early as August, attributing the milestone largely…
… as Platts unveils new regional price assessments for West Africa … new benchmarks cover FOB West Africa (Lekki, Lagos), STS Lomé Oredola Adeola Despite the changing petroleum products trade flows driven by new regional refining capacity, particularly the…
Emmanuel Akanni As Nigeria grapples with persistent healthcare challenges—from inadequate infrastructure to limited access to diagnostic tools—NNPC Ltd. is redefining the playbook for Corporate Social Responsibility. With initiatives spanning cutting-edge medical facilities to grassroots health programmes, the state-owned oil giant…
By op-ed by Mohammed Musa There were indications that the just-concluded Nigeria’s 2024 Oil Licensing Round, organized by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, regulator of the upstream petroleum sector, was very successful. The reasons were not farfetched. First,…
..overcames challenges despite turbulent year Emmanuel Akanni With a volatile global oil market in 2024 tied to geopolitical tensions and other local challenges such as oil theft and pipeline vandalism amid the pressure to up oil production levels,…
…FG urged to secure the gains Emmanuel Akani A recent fact-finding visit by labour leaders has dispelled the uncertainties surrounding the operational status of the newly revived old Port Harcourt Refinery, with a capacity of 60,000 barrels per day. The…
Oredola Adeola Nigeria LNG Limited (NLNG), one of Nigeria’s most important economic drivers, recently celebrated 35 years of incorporation and 25 years of production in 2023. Over the years, the company has grown from a visionary dream into a globally…
… as DisCos installed only 12,854 in June alone, despite N21bn meter allocation … metering performance: Ikeja Electric tops with 76.64%, Abuja DisCo at 70.17%, Eko DisCo at 56.71% Oredola Adeola Nigeria’s electricity crisis deepens as only 5.99 million…
Ibrahim Musa The Federal Government through the upstream regulator, has slashed signature bonuses to a maximum of $10 million for deepwater assets and $7 million for shallow water and onshore assets, down from around $200 million previously. The…
.. Ikeja electric, EKEDC, AEDC retain tops DisCos in Q4,2023 collection efficiency … Jos, Yola DisCos hit rock bottom, collection efficiency falls below 50% Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has released its fourth quarter (Q4,…
