In the second quarter of 2024, Nigeria experienced a staggering 75% drop in Foreign Direct Investment (FDI), marking a troubling low of just $29.8 million—its lowest...
The recent approval of the Economic Stabilization Bill (ESB) by President Bola Ahmed Tinubu’s Federal Executive Council (FEC) marks a critical juncture for Nigeria's struggling economy....
For several years now, especially since May 2023, when it was commissioned by (then) President Muhammadu Buhari, the Dangote Refinery, located in Lekki, Lagos, has...
Five accused oil thieves have been detained by the Nigeria Security and Civil Defence Corps (NSCDC) Rivers State Command, for allegedly stealing 500,000 litres of crude...
For February, Nigeria’s crude oil production dropped to 1.32 million barrels per day from the 1.42-million-barrel oil daily production- a drop of 104,000...
The Independent Marketers Association of Nigeria, IPMAN, and the Major Oil Marketers Association of Nigeria have allayed the fear of a possible petrol price hike over...
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in...
Nigerians may pay more for petrol, diesel and aviation fuel as oil prices rose at the international market, going for $94.31 per barrel as at Friday,...
The Organisation of the Petroleum Exporting Countries (OPEC), has released a fresh report on crude oil production of its member countries, indicating that six countries increased...
The Nigerian Navy (NN), says its newly-inaugurated operation `Dakatar Da Barawo (OPDDB), has made a series of arrests and seizures of ships and crew members across...
