Tag: Oil

Global Oil Prices Plummet to Four-Year Lows, Posing Fresh Economic Risks for Nigeria

April 9, 2025

Global oil markets were rocked midweek as crude prices plunged to their lowest levels since early 2021, intensifying concerns over ...

House of Representatives Urges CBN to Ease Access to N250 Billion Gas Expansion Facility.

House of Representatives Recovers N28.7bn from Oil Companies

by Victoria Attah

March 17, 2025

The House of Representatives' Public Accounts Committee has successfully recovered $19.24 million (approximately N28.7 billion) from two oil companies as ...

NGX Fines Banks N76.8 Million for Late Financial Reporting

Seven Oil Firms Commit to Settle $37.4 Million Debt with FG by August 2025

by Stephen Akudike

March 10, 2025

The Nigerian House of Representatives announced on Sunday that seven prominent oil and gas companies have agreed to pay a ...

Bola Tinubu’s proposed economic plans for Nigeria.

Tinubu Pushes for Resolution of ExxonMobil-Seplat Energy $1.28 Billion Divestment Deal

by Stephen Akudike

May 29, 2024

President Bola Tinubu has expressed his commitment to resolving the ongoing $1.28 billion divestment dispute between ExxonMobil and Seplat Energy. ...