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FG floats fiscal incentives for deepwater petroleum projects
The Federal Government has approved a new fiscal framework for petroleum investment incentives aimed at unlocking up to $50 billion in investments and reviving major deep offshore oil and gas developments that have remained stalled for years. The reform comes…
NLNG: Turning flares to wealth, shrinking industry’s footprint on environment
Nigeria’s oil and gas industry has long been judged by the volume of hydrocarbons extracted and exported, but the more consequential measure of its value to the country is increasingly the economic, social and environmental footprint it leaves behind. By…
Dangote Refinery: Middlemen driving up local crude prices, undermining DCSO
The Dangote Petroleum Refinery and Petrochemicals has alleged that the involvement of middlemen in the domestic crude oil market is driving up the cost of Nigerian crude and undermining the objectives of the Federal Government’s Domestic Crude Supply Obligation (DCSO)…
Domestic crude oil market suffers glut as refineries turn down 15.64 Mbbls
Domestic refineries in Nigeria absorbed 53.7 million barrels of crude oil and condensate in the second quarter of 2026, as increased local production and stronger implementation of the Domestic Crude Supply Obligation (DCSO) provided refiners with substantial volumes of feedstock….
Three Nigerians among 25 foreigners stripped of US citizenship
Three Nigerians are among 25 foreign-born individuals whose United States citizenship has been targeted for revocation by the US Department of Justice following denaturalisation actions filed over alleged serious criminal offences and misrepresentation during the naturalisation process. The Nigerians are…
NCDMB opens 10th National Undergraduate Essay Competition
The Nigerian Content Development and Monitoring Board (NCDMB) has announced the opening of entries for the 10th edition of its Annual National Undergraduate Essay Competition, with applications scheduled to commence on August 15. The General Manager, Corporate Communications Division of…
ESG to define Africa’s maritime competitiveness _Dr. Mogo
Africa’s future as a competitive maritime and Blue Economy powerhouse will depend less on the abundance of its ocean resources and more on its ability to develop investment-ready, environmentally sustainable and commercially viable projects, leading Blue Economy expert, Dr. Felicia…
African nations seek greater UN support as ISIS expands across borders
African countries have called for stronger United Nations support to combat the growing threat posed by the Islamic State (ISIL/Da’esh) and its affiliates, warning that extremist groups are spreading across borders, exploiting weak governance and emerging technologies to expand their…
Seplat CEO tasks indigenous firms on asset integrity, optimization
The Chief Executive Officer of Seplat Energy Plc, Engr. Effiong Okon, has urged Nigeria’s indigenous oil and gas operators to prioritise asset integrity, address operational obsolescence and extend the lifespan of critical infrastructure to maximise asset value, improve investment returns…
Some 50m more people face acute hunger as El Niño gains momentum
Nearly 50 million more people worldwide could be pushed into acute hunger as the strengthening El Niño weather phenomenon intensifies climate shocks across vulnerable regions, with Nigeria and other countries in West and Central Africa expected to experience a sharp…
