The Federal Government has implemented a new policy under its “Nigeria First” initiative, restricting NNPCL Tax Credit road contracts valued...

Nigeria’s petrol consumption has plummeted by 28% over the past two years, with daily volumes falling from 68.353 million litres...

Nigeria’s Excess Crude Account (ECA) balance has increased to $535,823.39 as of August 2025, up from $473,754.57 in April, according...

The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, in Nigeria rose 33.02% year-on-year to N1,024.99...

Nigeria’s crude oil production climbed to 1.507 million barrels per day (bpd) in July 2025, exceeding its OPEC quota by...

Nigeria’s leading indigenous oil and gas companies—Seplat Energy Plc, Oando Plc, and Aradel Holdings Plc—achieved a combined crude oil output...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Nigerian National Petroleum Company Limited (NNPC) Group Chief...

Nigerian crude prices remained nearly flat, with Bonny Light ending a six-day decline at $68.85 per barrel, as oil traders...

Foreign direct investment (FDI) in Nigeria’s telecommunications sector plummeted by 58% year-on-year to $80.78 million in Q1 2025, down from...

Across Africa, central banks are wielding high Monetary Policy Rates (MPRs) as a weapon against persistent inflation, currency volatility, and...