'FG Spending Exceeds Revenue by 225%' A report by BudgIT, an accountability firm, has revealed that the Federal Government spent three times its revenue in 2023, resulting in a deficit of N13.50tn. In its analysis of the 2023 fiscal accounts from...

NEITI To Probe 190 Oil, Mining Companies’ Revenues About 198 extractive companies and government agencies have submitted information and data for the ongoing nationwide reconciliation and validation of revenues in the oil, gas, and mining industries by the Nigerian Extractive...

Cooking Gas Hits N1,300/kg, FG Plans Intervention The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, says the Federal Government would do everything it could to reduce the rising cost of Liquefied Petroleum Gas also known as cooking gas. The...

Fuel: FG To Shut Errant Filling Stations As Pump Price Hits N1,000/Litre Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called petrol, at between N900 and N1,000/litre. Owners of these...

NNPC Commences Natural Gas Export To China, Japan The Nigerian National Petroleum Company Limited (NNPCL) has commenced shipment of Liquefied Natural Gas cargoes to Japan and China on a Delivered Ex-Ship basis. It said the move was in line with its...

The AfriCircular Innovators Programme, backed by the African Development Bank (AfDB), has selected 30 Small and Medium Enterprises (SMEs) to receive funding and technical support to expand their circular economy initiatives.