Nigeria Records 1.37 TCF Gas Output in H1, Says NUPRC The Nigerian Upstream Petroleum Regulatory Commission says Nigeria produced about 1.37 trillion standard cubic feet of natural gas between January and June 2025. The report showed that gas production averaged 229...

Ojulari Defends NNPCL, Says Refineries Will Work Again Despite Doubts The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has shown strong determination that the government-owned Port Harcourt, Warri, and Kaduna refineries will work again. Contrary...

Reps Probe N2.6tn Discos Power Sector Debt The House of Representatives Public Accounts Committee has summoned 11 electricity distribution companies to appear before it over alleged failure to pay an outstanding debt of N2.6tn owed to the government through the...

FG Projects $200bn Revenue from Lekki Port – Oyetola The Minister of Blue and Marine Economy, Mr Adegboyega Oyetola, has announced that the Lekki Port is projected to generate $200bn in revenue for the government over its 45-year concession period. In...

Lokpobiri Reassures Commitment to OPEC Despite Rising Oil Output The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains...

Naira Holds Firm Against Dollar in Black Market The naira remained steady against the US dollar on Wednesday, August 20, retaining it's strength in the parallel market. Currency traders in Abuja told Economic Confidential that the naira exchanged at ₦1,535/$ for...