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Nigeria oil sector

News

NISO drives transmission losses down to 7.05 percent

Nigerian Independent System Operator MD Abdu Mohammed Bello says the agency has cut transmission losses to 7.05 percent from near 10 percent at its inception, saving the electricity market between N5 billion and N8 billion monthly.
News

Nomadic education crisis threatens 10 million Nigerian children

Nigeria's nomadic education crisis has deepened, with over 10 million children in nomadic and migrant communities cut off from classrooms. Abandoned schools, chronic underfunding and insecurity have eroded decades of progress.
News

Amni International Denies Receivership in Cenroc Dispute

Amni International denies it has entered receivership, saying a Federal High Court order in a Cenroc dispute is limited and under appeal.
News

NUPRC Chief Sees Opportunity in Nigeria’s Upstream Revival

Nigeria’s new upstream regulator says clear rules, collaboration, and technology will unlock investment and raise oil and gas output under the Petroleum Industry Act.
News

Dangote NMDPRA Dispute Sparks Call for Strong Institutions

Nigeria’s oil workers union urges stronger institutions as tensions between Dangote Group and the petroleum regulator raise governance concerns.
Business

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...
News

Dangote Plans Dollar Dividends for Nigerian Shareholders

Dangote outlines a dollar dividend plan as his refinery moves toward a major NGX listing backed by rising export revenue
News

Auditor Faults NNPC Over £14 Million London Office Spending

Nigeria’s auditor flags £14.3 million in unverified spending at NNPC’s London office, intensifying scrutiny of the oil company’s financial controls
News

NNPCL Faces Scrutiny After Spending N17.5tn on Pipeline Security in One Year

NNPCL reports N17.5tn spent on pipeline security and fuel under-recovery in 2024 as analysts demand an audit and clearer government repayment.
News

Oando Faces Pressure as Irad Demands Overdue Payments

Oando faces backlash as Irad accuses it of unpaid project debts, citing severe financial strain and unfulfilled payment promises.
News

EFCC Probes Ex-NNPC Chiefs Over $2.9 Billion Refinery Funds

EFCC launches investigation into refinery funds misuse by former NNPC executives.
News

Marketers Face Losses as Dangote Refinery Slashes Fuel Prices

The reduction of PMS price to N890 causes concern for marketers at Dangote refinery.
Business

NNPC Pledges 221,000 BPD to Finance $6.6 Billion Debt

NNPC pledges 221,000 bpd to service a $6.6 billion debt, aiming to stabilize Nigeria’s energy sector and meet financial obligations.
Business

Homegrown Tech Boosts Nigeria Oil to World Stage

In a bold response to persistent infrastructural deficits, Aiteo, Nigeria's largest independent oil producer,...
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Latest articles

News

NISO drives transmission losses down to 7.05 percent

Nigerian Independent System Operator MD Abdu Mohammed Bello says the agency has cut transmission losses to 7.05 percent from near 10 percent at its inception, saving the electricity market between N5 billion and N8 billion monthly.
News

Nomadic education crisis threatens 10 million Nigerian children

Nigeria's nomadic education crisis has deepened, with over 10 million children in nomadic and migrant communities cut off from classrooms. Abandoned schools, chronic underfunding and insecurity have eroded decades of progress.
Politics

Otti seeks second term to complete Abia’s transformation

Abia State Governor Alex Otti says he would not be seeking re-election if his administration had completed its transformation agenda. He made the declaration at a 10,000-person rally in his Nvosi hometown.
News

Dangote Refinery Denies Fresh Petrol Price Hike

KEY POINTS Dangote Refinery denied reports of a fresh petrol and diesel price increase,...