Nigeria loses N149bn to one-day oil workers strike
Nigeria may have lost about N148.8bn in oil revenue on Monday as a result of the industrial action embarked upon by the Organised Labour...
Low oil production threatening our ability to achieve 2024 budget revenue — FG
The Federal government has decried the impact of lower crude oil production volumes on its revenues and ability to achieve the N19 trillion revenue...
Nigeria’s current trade balance rises to $1.43bn amid economic challenges
Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic...
Modular refineries set sights on US crude to fill supply gap
Modular refineries in Nigeria are seeking a consistent supply of crude oil from the United States to address a supply gap, according to BusinessDay...
China Speeds Up Grid Projects to Keep Up with Renewables Boom
China is ramping up investments in grid infrastructure to keep pace with a record-setting boom in renewables that has put the electricity network under...
TotalEnergies, Staatsolie Move Towards FID for Suriname Block
TotalEnergies and Staatsolie Maatschappij Suriname N.V, the Suriname national oil company, said they have taken “several significant steps” towards a final investment decision (FID)...
RESCUE PLAN IN THE OIL AND GAS SECTOR
Undeniably, the oil and gas industry holds the key, at least in the short term, to Nigeria’s prosperity. The imperative to get Nigeria’s natural,...
