Oil and Gas

CNG Investments Hit $500m –PCNGI Boss
June 12, 2025

The Programme Director and Chief Executive of the Presidential Compressed Natural Gas Initiative (PCNGI), Michael Oluwagbemi,...

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See 10 self-made sectors fueling Nigeria’s growth with limited government support
June 12, 2025

For an economy serving over 200 million people and valued at over $200 billion, government policies,...

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Nigeria retains 56% of oil industry spend as local content deepens
May 23, 2025

Felix Ogbe, the executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), revealed that...

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Nigeria’s Oil Output Rises To 1.49m Barrels Per Day In April – NUPRC
May 14, 2025

Nigeria’s crude oil production rose to 1,485,700 barrels per day (bpd) in April, representing a 6.06%...

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Nigeria’s Gas Reserves Rises To 210.5trn Cubic Feet, To Last 93 Years – NUPRC
April 23, 2025

Nigeria’s crude oil and gas reserves have hit a record high of 37.24 billion barrels and...

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Nigeria To Save N3trn Annually On Greenhouse Gas Implementation
April 23, 2025

As the International Maritime Organisation (IMO) imposes an emission fee on ships that breach it and...

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PMS: Importers Take Delivery Of N71.8bn Worth Of Product
April 23, 2025

About 90,000 tonnes (90 million litres) of cheap Premium Motor Spirit (PMS) have been imported into...

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Local content in petroleum sector now 56% – NCDMB
March 24, 2025

The Nigerian Content Development and Monitoring Board, on Wednesday, announced that local content in the petroleum...

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Petrol’s equilibrium pricing boosts disposable income with N113b
March 13, 2025

Average savings from the ongoing new price discovery retail end of the Premium Motor Spirit (PMS),...

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Nigeria’s Earnings From Oil, Gas Drop By 1.65% To $45.95bn
March 3, 2025

Nigeria earned a total of $45.95 billion from oil and gas exports in the first eleven...

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UPDATED: Non-oil sector pushes GDP up by 3.84% in Q4 2024
March 3, 2025

The National Bureau of Statistics (NBS) has reported that Nigeria’s annual gross domestic product (GDP) grew...

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Local refineries contribute less than 50 percent of Nigeria’s daily petrol consumption – NMDPRA
February 25, 2025

The Nigeria Midstream and Downstream Petroleum Regulatory Authority has said that local refineries have contributed less...

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