The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has projected an increase of approximately 600,000 barrels per day in Nigeria’s crude oil production, driven by a surge in new investments in the upstream sector. It stated that the additional output would come from the 28 Field Development Plans approved so far in 2025,…
October 17, 2025085 The EVP NNPCL, and Chevron leadership team members in a group photograph at Escravos Chevron Nigeria Limited (CNL), on Tuesday October 14, 2025, welcomed the Executive Vice President (EVP) Upstream, of the Nigerian National Petroleum Company Limited, Udobong Ntia to its Escravos operations base for an official visit that underscored the strategic…
Dangote Refinery’s retail price of Premium Motor Spirit, PMS, known as petrol, has risen to N950 per litre at MRS filling stations in Abuja. This increase comes despite the refinery’s 650,000-barrel-per-day capacity, the nationwide Compressed Natural Gas, CNG truck distribution scheme, and the Naira for Crude initiative between the oil firm and the Nigerian government….
The federal government, in 2024, called for increased investments and trading partnerships from member countries of the G-24. Come November 1, 2025, Nigeria will officially take over chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina. This was disclosed in a post by the Central Bank of Nigeria on its official X handle on…
Federal workers under the platform of the Federal Workers Forum, FWF, have appealed to the federal government under the leadership of President Bola Ahmed Tinubu to pay their three-month wage award. FWF made this appeal in a statement signed by its National Coordinator, Comrade Andrew Emelieze. Emelieze in the statement said that the refusal of…
President Bola Ahmed Tinubu has announced plans to scale up investment in Nigeria’s solid minerals sector with a commitment of ₦1 trillion, aimed at transforming the sector into a key driver of economic diversification and national prosperity. The President made the announcement on Tuesday while declaring open the 10th edition of the Nigeria Mining Week…
The Federal Government has finalised implementation frameworks for a ₦4 trillion government-backed bonds to settle verified arrears owed to power Generation Companies (GenCos) and gas suppliers. The Special Adviser to the President on Energy, Mrs. Olu Verheijen disclosed this in a statement made available to newsmen in Abuja. In the statement signed by Senan Murray,…
The Federal Government has signed renewable energy deployment agreements worth $500 million with five state governments and the Netherlands Development Organisation (SNV) to boost solar power generation and expand local production of solar panels and battery storage systems in Nigeria. The agreements, facilitated through the Rural Electrification Agency (REA), were signed with Bayelsa, Ogun, Lagos,…
The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all outstanding Band A customers free of charge. The order, cited as ‘NERC Order No: 2025/10—Order on the Operationalisation of Tranche B of the Meter Acquisition…
Oil prices, including both WTI and Brent crude, fell by over 2% due to renewed concerns about the trade war between the United States and China and its potential impact on the global economy. The trade tensions escalated after China sanctioned five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean, citing their support for U.S….
