RMRDC Director-General Nnanyelugo Ike-Muonso says Nigeria must abandon raw material exports for value addition and innovation if the country wants a real industrial renaissance.
The Nigerian Navy has gone ahead to deploy warships and helicopters in a move designed to increase oil production and boost security in the Gulf of Guinea.
ExxonMobil is investing $10 billion in Nigeria’s deepwater oil assets to unlock 180,000 bpd of production, signaling a major boost for the country's oil sector and economy.
Nigeria's oil production edged slightly higher in April 2024, offering a glimmer of hope for the nation's economic prospects. However, this increase falls short of government targets, highlighting persistent challenges that continue to plague the oil sector.
Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.
Nigerian officials are working together to tackle oil theft and pipeline vandalism in the Niger Delta, hoping to boost oil production and strengthen the country's economy.
RMRDC Director-General Nnanyelugo Ike-Muonso says Nigeria must abandon raw material exports for value addition and innovation if the country wants a real industrial renaissance.
The presidency has pushed back on claims that President Tinubu has neglected the North West, listing a $2 billion Kano-Maradi rail project and other investments.