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Labour, CSOs push for urgent oil sector overhaul as energy cost bites deep
Ziggy Ojiegbe Civil society organisations and labour unions have urged the Federal Government to urgently restructure Nigeria’s downstream oil sector, warning that rising energy costs are worsening hardship and undermining economic productivity. The call was made at the end of…
Hormuz stalemate: UN warns trade disruption comes with global recession risk
Ziggy Ojiegbe The United Nations has called for urgent action to resolve the escalating crisis in the Strait of Hormuz, warning that continued disruption to one of the world’s most critical shipping routes is already placing severe strain on the…
Workers’ Day 2026: Labour unrest deepens amid economic strain, political tensions
Frank Okon Labour groups across Nigeria have expressed growing frustration with the state of the economy as the country marks Workers’ Day 2026. Traditionally a day to celebrate the contributions of workers in both public and private sectors, this year’s…
UK-Nigeria creative fund targets local production gaps in $3bn industry
Frank Okon The United Kingdom has launched a new Creative Fund aimed at strengthening Nigeria’s film, fashion and music industries by closing long-standing technical gaps that have limited local production capacity and forced parts of the sector to rely on…
OPEC losing grip on oil market as members exit and rivals rise
Ziggy Ojiegbe The steady thinning of membership within the Organization of the Petroleum Exporting Countries is raising a harder question for global energy markets: how much longer can a smaller, less cohesive bloc act as an effective regulator of oil…
Nigeria firms get $83m IFC-Norfund funding for off-grid power development
500,000 households to be connected, 2.9m people to be served Ziggy Ojiegbe A new financing push led by the International Finance Corporation and Norway’s Norfund is set to expand electricity access to millions of Nigerians living beyond the reach of…
Former Dangote employee to regulate midstream, downstream petroleum operations
Ziggy Ojiegbe President Bola Ahmed Tinubu on Wednesday sacked the newly appointed Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Saidu Mohammed; replacing him with a former employee of Dangote Group, Mr Rabiu Abdullahi Umar….
Magnus Abe promises stronger leadership as NUPRC Board begins work
Frank Okon The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed duties, pledging to strengthen the Commission’s capacity to deliver on its mandate. Chairman of the board, Senator Magnus Abe, gave this assurance on…
Waltersmith showcases expanded refinery to NCDMB, NMDPRA
Plans for condensate refinery, industrial park Frank Okon Waltersmith Petroman Oil Limited has expanded the capacity of its modular refinery in Ibigwe, Ohaji-Egbema area of Imo State from 5,000 to 10,000 barrels per day, as officials of the Nigerian Midstream…
Seplat sweeps awards as stock shares hit N10,000 benchmark
Bode Adeeyo Shares of Seplat Energy Plc climbed above the ₦10,000 mark for the first time, as the indigenous oil and gas producer capped a strong run with multiple industry and market awards that signal rising investor confidence in its…
