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Nigeria’s PMI drops in April
Nigeria’s economic activities shrunk to 49.4 points from its previous 50-point threshold, according to the Central Bank of Nigeria (CBN). The CBN which disclosed this in its newly-released Purchasing Managers’ Index (PMI) report for April 2026, noted that the…
Project Freedom: Oil prices surge, equity markets sink on Hormuz clashes
Frank Okon The confrontation between United States and Iran over the control of the Strait of Hormuz rattled the global commodity and equity markets on Monday when Iran claimed it hit a US warship, raising fears that bombs would soon…
UN demands ceasefire sanctity amid Hormuz tensions
Ziggy Ojiegbe UN Secretary-General António Guterres has called on the United States and Iran to continue negotiations to end their weeks-long conflict, warning that there is no military solution as tensions persist around the Strait of Hormuz. Speaking through his…
Dangote Refinery reaches 87% installed capacity in March
As debate rages over fuel pricing in Nigeria Sopuruchi Onwuka Nigeria’s largest refining facility, the Dangote Petroleum Refinery, reached 87 percent capacity utilization in March, marking its highest operational level since commencing production and signaling a major shift in efficiency…
NCDMB to feature Dr Peterside’s crisis management strategies at book reading session
Sopuruchi Onnwuka The Nigerian Content Development and Monitoring Board (NCDMB) will host the fourth edition of its Quarterly Book Reading Programme, providing a platform for Dr. Dakuku Peterside, former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA),…
NCDMB to drive high-impact Local Content delivery with NCCF overhaul
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board has commenced a strategic overhaul of the Nigerian Content Consultative Forum, aimed at repositioning the platform to deliver more impactful outcomes in Nigeria’s oil and gas sector. The initiative was disclosed…
NUPRC backs high-stakes upstream investment forum at AOW:Energy 2026
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed a new investment platform focused on Nigeria’s upstream oil and gas sector, set to take place during AOW:Energy 2026 later this year. Organisers say the Nigerian Upstream Investment Forum…
Domestic refining space crowded as NNPC yet to finalize IJVs
Board tinkers with new purpose for KRPC Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited may be determined to reinvent some of the operated public sector refineries but it is evidently meticulous and detailed in evolving processes that transcend viable…
Oil crunch: Why price incentives cannot boost Nigeria’s output
Sopuruchi Onwuka Nigeria, Africa’s biggest oil producer and key member of OPEC, is often counted as a potential fallback supplier whenever global oil markets are shaken. But the prevailing supply crisis linked to tensions around Iran and the risk to…
NNPC, Dangote resolve to collaborate, diversify venture opportunities
Two of Nigeria’s most powerful energy players, the Nigerian National Petroleum Company Limited (NNPC) and Dangote Petroleum Refinery & Petrochemicals, have agreed to rebuild and deepen their collaboration as part of a broader push to diversify downstream operations and expand…
