London, United Kingdom – A former Nigerian civil servant could receive a portion of an enormous sum of damages if a British court rules against the West African nation, in a landmark case centred on […]
LAGOS (Reuters) – Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use […]
EconomyBusiness and Economy The suspended governor of the Central Bank of Nigeria, Godwin Emefiele, has appeared in court, denying illegally possessing a firearm and ammunition, according to local media reports, the first time he has […]
Nigeria’s oil industry is experiencing a positive upturn as the country’s oil rig count reached its highest point in three months, increasing by 7.69 percent compared to the previous month, according to data from the […]
NewsOil and Gas Almost two months after Nigerian President Bola Tinubu scrapped a popular but costly fuel subsidy, petrol prices have risen to 617 naira ($0.78) per litre, the highest in the history of Africa’s […]
Nigeria, OPEC’s largest producer in Africa, aims to significantly increase its oil production to up to 1.7 million barrels per day (bpd) by November 2023, hoping to win a higher quota in the OPEC+ agreement, […]
Nigeria is usually Africa’s largest oil producer, with an output of almost 1mn barrels per day, most of which is consumed by an energy-hungry economy that needs fuel for industries, transport and offices. And this […]
At least two oil tanker owners are staying away from Nigeria after several companies received backdated tax bills totaling millions of dollars. Multiple businesses received demands from Nigeria’s Federal Inland Revenue Service, according to a […]
TotalEnergies, operator of OML130 in Nigeria, announced the renewal of the production license on this block for 20 years. Courtesy of TotalEnergies Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific […]
Ilorin, Nigeria – On Monday, as Nigeria’s president-elect Bola Tinbu is sworn into office, Olusegun Badmus will be one of several million people watching. But for the 57-year-old bus driver in the central Nigerian city […]
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