Thick black smoke was seen billowing into the atmosphere, with a raging fire spreading fast into the mangrove from a video that emerged on Tuesday morning.
Brent crude futures settled 13 cents higher at $65.54 a barrel, while U.S. West Texas Intermediate crude closed up 20 cents at $62.69 a barrel from $60 per barrel last week.
The Minister of Power, Adebayo Adelabu; former Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Limited (NNPCL), Mele Kolo Kyari; Ekiti State...
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has said that participation of Nigerians in the activities of the oil and gas industry has moved from 5% in-country value retention in 2010 to 56% in December 2024.
Adelabu who was speaking at a two-day retreat organized by the Senate Committee on Power, said despite tariff adjustments that boosted market liquidity by 70 percent, raising sector revenue from ₦1 trillion in 2023 to ₦1.7 trillion in 2024, the distribution segment remains the weakest link.
he survey attributed the progress to two major industry reforms —the Petroleum Industry Act (PIA) 2021 and the Presidential Executive Orders—introduced by President Bola Tinubu. The reforms garnered over 75 percent positive ratings among stakeholders.
Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of...
