Business

The Nigerian Navy has shut down 71 illegal refineries and recovered more than 411,000 litres of stolen crude oil in the Niger Delta during July 2025. According to a statement...

The High Court of the Federal Capital Territory (FCT) has ordered Zenith Bank Plc and the Nigeria Police Force (NPF) to jointly pay ₦85 million in damages and costs to...

Nigerian billionaire and oil mogul Femi Otedola has revealed a fiery confrontation with former President Olusegun Obasanjo over the deregulation of diesel importation in 2004. In his upcoming memoir, Making...

Facing Nigeria’s persistent power supply challenges, Royal Castle Ceramic Company Limited has turned to gas-fired energy to stabilize its operations. The company recently commissioned a 14.8-megawatt gas power plant, developed...

Nigeria’s drive towards a sustainable energy future has gained renewed momentum as the Federal Government and key regulatory agencies reaffirmed their dedication to addressing the country’s energy challenges. This commitment...

Heirs Energies , Africa’s largest indigenous-owned integrated energy company, has confirmed that its Chief Executive Officer, Osa Igiehon, will represent the company at the 2025 US-Africa Energy Forum in Houston,...

(NUPRC ) in a significant step to drive investment and efficiency in Nigeria’s oil and gas upstream sector, the Federal Government has gazetted 21 new regulations under the Petroleum Industry...

The Dangote Petroleum Refinery in Lekki, Lagos, is currently undergoing a modification process to increase its production capacity from 650,000 barrels per day (bpd) to 700,000 bpd. The upgrade, which...

The Socio-Economic Rights and Accountability Project (SERAP) and four Nigerian citizens have filed a lawsuit against President Bola Tinubu’s administration for failing to release the forensic audit report on the...

The Central Bank of Nigeria (CBN) has revealed that a total of N923.16 billion was withdrawn from the banking system between May 2024 and May 2025. This disclosure, detailed in...