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Nigeria Secures $1.5bn Loan To Improve Solar Power Infrastructure

August 04, (THEWILL) - Nigeria has secured a $1.5 billion loan from the US-EXIM Bank to deliver solar power infrastructure in 10 different locations...

Oil price falls, OPEC raises Nigeria’s production quota

The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels per day, as...

NUPRC Boss Urges African Countries To Increase Oil Exploration, Production

LAGOS – Gbenga Komolafe, Chief Ex­ecutive Officer of the Nigerian Upstream Petroleum Regulato­ry Commission (NUPRC), has called on oil-producing coun­tries in Africa to scale up...

Pressure mounts on the central bank as Naira tumbles again

The currency has fallen 20% on the parallel market since January driving inflation and challenging government strategy 2nd August 2022 Prepared for Free Article on...

Nigerian Navy Recovers 230,000 Barrels Of Stolen Crude Oil Since April 2022

The Federal Government has announced it has recovered 230,000 barrels of stolen crude oil since April 1, and arrested 85 suspects and 72 boats. This...

Crude Oil Thieves Killing Nigeria’s Economy — Former Energy Minister

Yenagoa  – A former Minister of State for Energy and monarch of the Nembe Kingdom in Bayelsa State, Edmund Daukoru, has labeled crude oil thieves...

Fidelity Bank Deepens Exporters’ Capacity 

Leading financial institution -Fidelity Bank Plc has once again demonstrated its devotion to boosting the volume of non-oil exports in the country as it...

Oando Plc faces delisting, suffers huge losses in 2020

Huge losses have forced Nigerian multinational oil company, Oando Plc, on the verge of voluntary delisting on the Nigerian Exchange Group (NGX).The company has...

Nigeria lost N500.6bn crude oil in five months – Investigation

— as production slumps by 11.63 million barrels Revenues accruable to Nigeria from the sale of crude oil crashed by about N500.6bn between January and...

Reps probe petroleum subsidy under Buhari, allege $7bn diversion

The House of Representatives has moved to investigate the petroleum products subsidy from 2017 to 2021 under the regime led by President Muhammadu Buhari. The...

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