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India partners Nigeria on energy transition
The India High Commission in Nigeria has assured of his country’s preparedness to collaborate with the Nigeria energy sector in ensuring its smooth energy transition agenda. India High Commissioner to Nigeria, His excellency Shri G. Balasubramanian stated this while on…
NUPRC sets up regulatory against revenue loss
As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the commission has come up with a policy framework that will enhance proper monitoring,…
Nigerian business leaders consider drive to back poorest as prices surge
Nigeria’s private sector should work with the government to develop welfare initiatives after economic reforms left people struggling with the cost of living, the country’s top business leaders told Semafor Africa, according to a report by Semafor. President Bola Tinubu…
FG tightens the screw against borrowers
The Central Bank of Nigeria will likely continue raising its key interest rate in the coming days and months to support a devalued naira, according to a report by Reuters and reviewed by The Oracle Today. The report stated that…
Will palliatives compensate for inflation impacts?
Sopuruchi Onwuka Federal government says the Central Bank of Nigeria (CBN) will begin distribution of grains and fertilizer from Monday as part of the efforts to cushion the impact of fuel subsidy removal and the associated jumps in the prices…
Analysts hiss as FG celebrates N5.6 trn H1 tax income
Sopuruchi Onwuka Federal government recorded slight increment in tax revenues in the first half of the year despite the palpable depression in the economy associated with depreciation in the value of the Naira and jumps in inflation. The N5.6 trillion…
New facts emerge on NNPC operations, record profit claim confirmed
Fresh facts emerging from the operations of the NNPC Ltd. have provided new insight into the activities of the company, affirming that the firm actually made a whopping profit of N674.1 billion in 2021.The latest facts appear to contradict some…
Seplat cites operating terms, domgas pricing as investment baits
Sopuruchi Onwuka Nigeria must offer attractive operating terms and reform the domestic gas market in order to attracts the required level of commercial investments in revving up activity and delivering prime economic aspirations in the petroleum industry. Managing Director of…
Ship burning: Oil industry outraged at NNPC
Holab shutters website erases online data Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has been denounced for its hasty destruction of a vessel caught with crude oil cargo suspected to be stolen from some of the country’s production sites…
Toyota advances battery tech for EVs
Dutch kids build smart solar cars Toyota has announced advances in extending the life of solid-state batteries and optimization of Lithium-ion batteries, both used in the running of electric vehicles. The development came as a team of students at Eindhoven…
