NNPCL, Dangote Refineries not Meeting 50% Local Fuel Demand - FG The Nigerian Midstream and Downstream Petroleum Regulatory Authority, has disclosed that the country’s three operational refineries contribute less than 50 per cent of the nation’s daily petrol consumption despite having a combined refining capacity...

US Ambassador Denies USAID Involvement with Boko Haram, Says No Evidence  The United States Ambassador to Nigeria, Richard Mills, has said there is no evidence that the United States Agency for International Development is funding Boko Haram or any terrorist group. Mills stated after meeting with...

‎Naira Strengthens to ₦1,525/$ in Parallel Market Amid Instability The naira recorded a significant appreciation against the dollar on Wednesday in the parallel foreign exchange market. ‎ ‎A source at the Abuja Black Market told Economic Confidential that as of February 19, the naira was trading at...

NCDMB Calls for Local Patronage of $5bn Bonga North, $550m Ubeta Projects The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its call for the patronage of indigenous oil and gas facilities during the award and execution of projects such as the Shell”s $5...

B'H Sponsorship: US Probes Donations to Nigeria In a post via X on Tuesday, the US Mission to Nigeria has confirmed that monitoring systems are in place to track past assistance provided by the US government. The move responds to growing calls for a comprehensive review...

Forbes: Aliko Dangote's Wealth Surges by almost 100% to $23.9bn, Now 86th Richest in the World Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in...