Abuja: The heads of the International Energy Agency, International Monetary Fund (IMF), and World Bank Group have agreed to form a joint coordination group. The group aims to strengthen its…
LAGOS: Nigeria has suspended gasoline import licences for a second month, supporting domestic refining under the Petroleum Industry Act (PIA). No licences were issued in February, and none have been…
Rising crude prices give Abuja a quick boost, but inflation, higher shipping costs, and deeper economic problems could take away these gains. Report by TOYE FALEYE. Disruption in World’s Shipping…
A Decisive Escalation Coordinated U.S.-Israeli strikes killed Iran’s Supreme Leader Ayatollah Ali Khamenei on Saturday, triggering retaliatory missile and drone attacks across the Middle East. The Pentagon dubbed the operation…
Port Harcourt: The Air Component of the Joint Task Force, Operation Delta Safe (OPDS), destroyed no fewer than 131 illegal refining sites and neutralized several crude oil theft facilities across…
Lagos: The Centre for the Promotion of Private Enterprise (CPPE) has outlined strategic imperatives to guide Nigeria’s newly appointed petroleum regulators in driving sustainable growth and industrialisation. CPPE founder, Dr…
Abuja: Nigeria has fully met its financial and institutional obligations for the takeoff of the Africa Energy Bank, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, announced on Thursday.…
Abuja: The Federal Government has signed an agreement with Quaint Energy to deliver 8 megawatts of power, marking another step in Nigeria’s drive to expand electricity access and strengthen its…
Katsina: Operatives of the Nigeria Customs Service (NCS) have intercepted 60,000 litres of diverted Premium Motor Spirit (PMS) in Katsina State, thwarting an illegal fuel smuggling operation amid heightened efforts…
Lagos: The Manufacturers Association of Nigeria (MAN) says the recently approved 15 per cent import tariff on petrol and diesel will strengthen local content and deepen support for Made-in-Nigeria goods.…