Dr. Olisa Agbakoba, (SAN), has said that by implementing a “Development Oil” model, Nigeria could potentially generate N85 trillion in additional value through strategic asset management, active state ...

Seeks NCDMB support Mkpoikana UdomaPort Harcourt — Nigeria will soon house its first-ever industrial valve manufacturing plant as MT Valves West Africa, a subsidiary of global industrial giant MT ...

Senator Heineken Lokpobiri, on Thursday, April 24, 2025, announced a ban on the issuance of waivers for the importation of ...

It's a "ready-to-use therapeutic food" that's had remarkable success in treating malnourished kids. The State Department says ...

The Federal Government, through the Nigerian Content Development and Monitoring Board, unveiled the Monarch Alloys Limited 3LPE and concrete weight coating facility in the Ikorodu area of Lagos State ...

The freshly installed chief executive of NNPC, Nigeria’s state oil corporation, has vowed to attract up to $60 billion of ...

On Thursday, the Nigerian National Petroleum Company Limited (NNPCL) unveiled an ambitious five-year growth and development ...

Nigeria’s fiscal stability is under pressure as crude oil production plummeted to its lowest level yet in 2025, raising the alarm bells about the country’s ability to fund its national budget and earn ...

OPEC’s report also showed that crude production by the wider OPEC+ fell in March by 37,000 barrels per day to 41.02 million barrels per day due in part to reductions by Nigeria and Iraq. “Total DoC ...

Nigeria’s crude oil production has suffered another setback as production slumped to 1.4 million barrels from 1.465 Nigeria’s crude production had averaged 1.5 million barrels daily in Nigeria, the ...

In summary, Nigeria’s 2025 budget is heavily reliant on oil revenues, but challenges to oil production and a decline in global oil prices raise concerns about the budget’s feasibility and ...

The comprehensive review added 4.39 billion barrels of oil equivalent in original reserves, BOEM found. “After subtracting production of 3.09 billion barrels of oil equivalent since 2020–2021 ...