Dangote Refinery reduces petrol ex-depot price to N840/litre, triggering competitive cuts among depot owners. The move follows NNPC's price adjustment and a global crude oil price crash to $60 per barrel. Read more on the festive season relief.
Asian markets showed mixed performance as investors await crucial US economic data that could influence the Federal Reserve's expected interest rate cut next week. Oil prices surged on OPEC+ output decision.
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Edo State government refutes an unauthorised notice revoking Presco Plc's land rights. Read the official statement and analysis on the state's commitment to investor protection.
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
NBS reports significant price drops for beans, garri, maize, and tomatoes in September 2025. Discover state-by-state variations and mixed trends for rice and beef.
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
Air Peace, United Nigeria, Aero Contractors raise ticket prices to South-East routes as aircraft shortage bites. Return tickets now cost N800,000 for Christmas travel.
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.
Pipeline Infrastructure Nigeria Limited deploys local town criers to enhance security on the Trans Niger Pipeline. Vandalism attempts have dropped by 87% since 2022. Read more on this community-driven success.
Nigerian consumers rejoice as rice prices plummet from N95,000 to N55,000 per bag due to increased local production and imports. Traders face losses while experts warn the relief may be temporary.
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
The House of Representatives issues a 7-day ultimatum to MDAs, threatening arrest warrants for non-compliance with the Naira-for-Crude Oil policy investigation. Full details on the escalating standoff.
Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.
MOSOP USA calls for Ogoni oil blocks removal from bidding rounds to protect fragile peace process. Federal Government urged to prioritize reconciliation before oil resumption.
Nigeria's oil production exceeds 1.7 million barrels daily as NUPRC reforms gain international support. Discover how Komolafe's leadership is driving sector recovery.
Complete guide to DStv Compact Plus package featuring 145+ channels including SuperSport Premier League. Learn pricing at ₦30,000 monthly and payment methods available in Nigeria.
House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.
Nigerians celebrate as garri prices drop over 50% following cassava abundance. Inflation falls to 16.05%, nearing Tinubu's 2025 target. Read market details and expert analysis.
A Nigerian lady who returned from the UK shares her shock at Nigeria's high cost of living, car repairs, and monthly budget struggles. Discover why she questions her spending.
Nigerian petroleum refiners urge government intervention on crude oil pricing and supply challenges. CORAN seeks regulatory protection to compete against importers.
Dangote Petroleum Refinery clarifies it initiated recent pump price reductions, not government tariff reversals. Learn how their November 6 price cuts impacted market dynamics across Nigeria.
Emadeb Exploration and Production Company Limited has commenced commercial oil production from Ibom Field PPL 236, marking a significant milestone for Nigeria's upstream oil sector and indigenous operators.
Serbia confronts a winter energy crisis as US sanctions on Russian-owned NIS threaten oil supplies. President Vučić seeks to avoid confiscation of Russian shares. Read more.