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Dangote Submits Plans for Mega Seaport Project

Aliko Dangote, president of the Dangote Group, says he plans to build the “biggest, deepest seaport in Nigeria”.

FG Committed to Gas-powered Economy, Minister Says

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government, under the leadership of President Bola Tinubu, is committed to making Nigeria a gas-powered economy.

IMF Forecasts 0.5% GDP Loss for Nigeria

The Federal Government may lose as much as 0.5 per cent of the country’s Gross Domestic Product in revenue following its decision not to raise the Value Added Tax rate, the International Monetary Fund has disclosed.

Metering Gap Remains Despite 187,000 New Installations

Despite the various initiatives aimed at tackling estimated billing and enhancing customer satisfaction, over half of Nigeria’s electricity consumers remain unmetered.

NMDPRA Regulatory Efforts Reduce Fuel Smuggling by 35%

The Depot and Petroleum Products Marketers Association of Nigeria (NMDPRA) says the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) efforts to streamline licensing processes have attracted $1.2bn in modular refinery investments since 2022.

OPEC Calls for Urgent Investment in Global Oil Upstream Sector

The Organisation of the Petroleum Exporting Countries (OPEC)has called for urgent and sustained investment in the global upstream oil sector.