FG Aims 2.7mbpd Crude Oil Production as OPEC Pledges to Monitor Quotas Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027. This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, according to...

FEC Approves N885bn for Road Projects The federal executive council (FEC), presided over by President Bola Tinubu, has approved N885 billion for the execution of 10 road projects. Speaking after the FEC meeting on Monday in Abuja, David Umahi, minister of works, said the projects are...

Nigeria Aims $100bn Revenue with New Tourism Corporation The Minister of Art, Culture and Creative Economy Hannatu Musawa, the minister of art, culture, tourism, and the creative economy, on Monday, said the Ministry is targeting $100 billion, on the backdrop of Federal Executive Council approval...

Nigeria, Others to Benefit from €150bn EU Development Fund Nigeria is expected to be a key beneficiary of the European Union’s pledge to support infrastructural development through its Global Gateway initiative, which will disburse €150bn across Africa by 2027. According to a statement, the Head of...

Oil Firms Must Meet Domestic Demand or Lose Export Permit – NUPRC The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will deny export permits for crude oil cargoes intended for domestic refining if oil companies do not fulfil their domestic crude obligations. The...

Fuel Price Drops by N27/litre at Private Depots The loading cost of Premium Motor Spirit at private depots dropped to N925 per litre on Monday. The amount was a difference of N27 from N952 offered by the highest-selling depot last Friday. Marketers said this reduction was influenced...