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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)…
Lagos gov., Sanwo-Olu, others advocate alternative financing as Nigeria’s growth engine at AltBank’s ‘Beyond Interest’ forum
From left): Korede Demola-Adeniyi, Executive Director, The Alternative Bank (AltBank); Babatunde Raji Fashola, former Governor of Lagos State & former Federal Minister of Works and Housing, and Abubakar Suleiman, Non-Executive Director, Sterling Financial Holdings Company Plc at AltBank’s ‘Beyond Interest’…
Diamonds Bijoux Zanzibar to host 2026 World Travel Awards Africa Gala Ceremony
World Travel Awards (WTA) has announced that Diamonds Bijoux Zanzibar will host its prestigious Africa Gala Ceremony on 28 August 2026.WTA was established in 1993 to acknowledge, reward and celebrate excellence across all sectors of the tourism industry.The VIP reception…
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….
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…
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…
UK appoints Vicky Seymour as Deputy High Commissioner to Nigeria
The United Kingdom Government has appointed Ms Vicky Seymour as its new Deputy High Commissioner in Abuja, succeeding Mrs Gill Lever, OBE, who completed her diplomatic posting to Nigeria in June 2026. Ms Seymour has now assumed office in Abuja,…
