Economy

Key players in Africa’s Oil and Gas industry have called for a more robust hydrocarbon development model that is anchored on seeking alternative funding plan, to salvage the continent’s energy sector, amidst energy transition realities and...

By John Ikani  Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of...

By John Ikani  The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to work with select partners to produce Liquified Petroleum Gas (LPG) also known as cooking gas that would meet 10% of current...

By John Ikani The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has disclosed that Nigeria is targeting an increase in its domestic refining capacity to 1.4 million barrels per day...

By John Ikani  Global oil prices surged toward $120 per barrel this week amid supply disruptions following Russia’s invasion of Ukraine. Specifically, the prices of Bonny Light, Brent, WTI, rose to $107, $111 and $109 per...

By John Ikani The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria’s proven natural gas reserve has risen to 209.5tcf (209.5 Trillion Cubic Feet) as of January 1, 2022. Farouk Ahmed, Chief Executive Officer...