Nigeria is rapidly positioning itself as a top destination for global investors, following a series of bold economic reforms introduced by the Central Bank of Nigeria (CBN) and federal authorities. 

NNPC/First E&P Hits Safety Milestone in Oil Sector The Nigerian National Petroleum Company Ltd/FIRST Exploration and Petroleum Development Company Joint Venture has achieved a significant safety milestone, marking 10 million Lost Time Incident-free man-hours across its operations on PML 53 and PML 54. A statement from...

Dangote’s Masterstroke By Wole Olaoye You perch on my overburdened back while assuring me that you would do anything to lighten my distress—  except getting off my back! That is the assurance that Nigeria’s petroleum middlemen keep giving Nigerians in their bid to cement their parasitic...

N2trn Drop in Petrol Imports as Local Production Improves   Nigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping to N1.76tn from the N3.81tn recorded in the same period in 2024, representing a difference of over N2tn. According to the latest foreign...

Boost Oil Output by 2026, FG Tells NNPC   The Federal Government has directed the management of Nigerian National Petroleum Company Ltd. (NNPC) to increase oil production beyond current levels by the end of the year. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who...

FG Lauds Naira-for-Crude Deal Milestones   The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded significant progress, according to the Technical Sub-Committee overseeing the policy’s implementation. This was revealed during a high-level follow-up meeting of the...