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Business
Crude Oil Production Costs Soar: Nigeria’s $40 Per Barrel Crisis
Nigeria’s oil industry, a vital pillar of its economy, is facing a crisis as the cost of producing crude oil has skyrocketed to a...
Business
Without Us, Petrol Could Cost ₦1,200 Per Litre – Dangote Refinery
The Dangote Refinery has clarified that the recent adjustment in the pump price of Premium Motor Spirit (PMS), commonly referred to as petrol, is...
News
Benue Pensioners Cry Foul as Some Still Receive N2,000 Per Month
In a shocking revelation, the Nigeria Union of Pensioners (NUP) has disclosed that some pensioners in Benue State are still receiving a meagre N2,000...
Business
Nigeria Hits 1.5 Million Barrels Per Day, First Time in Four Years
Nigeria, Africa's top oil-producing nation, has recorded a remarkable milestone by surpassing the 1.5 million barrels per day (bpd) crude oil production threshold—a feat...
Business
Fuel Prices Could Fall to N500 Per Litre in 2025 – IPMAN
Nigeria's petrol prices could experience a sharp drop in 2025, with experts forecasting a reduction to as low as N500 per litre. This anticipated...
Business
1,541 Naira Per Dollar: Naira Slumps to Record Low Again
The Nigerian naira plunged to an unprecedented low of N1,541.36 per dollar on January 2, marking a rocky start to 2025 in the official...
News
Petrol Price To Drop To N935 per Litre From Today – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that petrol will be sold at a reduced price of N935 per litre, effective...
Business
1.7 Million Barrels Per Day: Oil Production Hits 2024 High
Nigeria's oil production has reached a major milestone in November, hitting 1.7 million barrels per day (bpd) of crude oil and condensate output. This is...