Business & Economy

The Chairman of the OPEC Board of Governors for 2025 has called on Nigerian oil producers to prioritise domestic refining and value creation instead of exporting raw crude. Speaking on Wednesday at the Nigerian Association of Petroleum Explorationists Pre-Conference Workshop in Lagos,

Dr Abubakar Dantsoho, the Managing Director, Nigerian Ports Authority (NPA), says that interconnectedness and interdependence of African nations make cooperation an essential precondition for the collective advancement of seaports across the continent. A NPA statement quotes Dantsoho as saying this at the

A Federal High Court, Lagos, has awarded a judgment sum of N20, 732, 299, 999.21 billion in favour of Union Bank Plc against a petroleum marketer, Kehinde Elliot Ogbor and his company, Danium Energy Services Limited. Justice Deinde Dipeolu, who presided over

Alhaji Ahmadu Kida, Chairman, Board of Directors, Nigerian National Petroleum Company Limited (NNPC Ltd.), has outlined a new vision for the company anchored on collaboration, accountability and strong governance. Kida made this known at a leadership panel session at the ongoing Abu

Experts have warned that Africa loses approximately 75 billion dollars annually due to biased credit ratings. They gave the warning at a two-day conference, held on Wednesday in Dakar, Senegal. The conference was organised by AfriCatalyst, the South African Institute of International Affairs (SAIIA), the United

The Minister of Foreign Affairs, Amb. Yusuf Tuggar, has reaffirmed Nigeria’s commitment to implementing far-reaching reforms in spite of the economic challenges. Tuggar, represented by the Permanent-Secretary, Ministry of Foreign Affairs, Amb. Dunoma Ahmed, disclosed this on Wednesday while briefing members of the diplomatic corps in

BY GBOGBOWA GBOWA The ComptrollerGeneral of Customs, Adewale Adeniyi, has reaffirmed the commitment of the Nigeria Customs Service to strengthening collaboration with the Customs Division of the Ghana Revenue Authority (GRA) in the fight against illicit trade, while promoting seamless trade facilitation

Global energy experts have underscored the growing role of Artificial Intelligence (AI), energy integration, and decarbonisation in driving industrial transformation amid shifting global dynamics. The experts made this known at the ongoing 2025 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), in Abu Dhabi,

Nigeria’s generation companies say they have recorded losses estimated at N2.3 trillion due to electricity that could not be delivered to consumers as a result of persistent transmission grid limitations. The Gencos explained that although power plants have the capacity to produce

The Nigerian Ports Authority (NPA) says that 17 ships are being expected at Apapa and Tin-Can Island ports in Lagos from Nov. 3 to Nov 7. The NPA made this known on Monday in a document it published daily known as the