Saudi Arabia and global markets are entering a new phase of economic uncertainty as the ongoing crisis involving Iran sends shockwaves through the world’s energy markets, trading floors and supply chains. Analysts warn the disruption could mark one of the most significant tests of global oil stability in years.
PENGASSAN Slams Tinubu's Oil Revenue Executive Order
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Thursday rejected President Bola Tinubu’s newly signed Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, describing the directive as...
FG Begins Mapping Disputed Oil, Gas Wells to Resolve Ownership Claims
The Federal Government has commenced the plotting of coordinates for disputed and newly drilled oil and gas wells as part of efforts to resolve long-standing ownership claims and ensure accurate attribution of petroleum assets...
VAT, E-Money Transfers Outperform Oil as FAAC Distributes N2.1trn in Sept
While the Federation Account Allocation Committee (FAAC) shared N2.103 trillion among the three tiers of government for September 2025, the standout detail was the surging performance of non-oil revenue sources, which offset declines in...
