The cost of goods and services across Nigeria is expected to rise further following a fresh increase in petrol prices after the Dangote Petroleum Refinery raised the gantry price of…

The federal government says the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245 will strengthen Nigeria’s fiscal position and reposition the country’s economy. Lateef Fagbemi, attorney-general of…

President Bola Tinubu has announced the successful resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245, describing it as a historic milestone that unlocks significant deepwater investment and…

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday staged a protest that halted operations at the Broad Street office of Shell Nigeria Exploration and Production…

Global crude oil prices surged on Friday, with Brent rising above $72 per barrel for the first time since July 31, 2025, amid escalating geopolitical tensions in the Middle East.…

Nigeria’s power generation has dropped to an average of 4,300 megawatts (MW) due to inadequate gas supply to thermal power plants, the Nigerian Independent System Operator (NISO) has announced. In…

Aliko Dangote, President and Chief Executive Officer of the Dangote Group, has announced that Nigerians will be able to purchase shares directly in the Dangote Refinery within the next four…

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President to rescind the recent executive order directing the direct remittance of oil and gas revenues…

President Bola Tinubu has signed an Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a move aimed at boosting national revenue, curbing…

The Chief Executive Officer of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership, describing it as the key reason the global energy giant is prepared to invest…