The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream Petroleum Regulatory Commission.

The Nigerian naira has faced slight depreciation against the US dollar due to increasing pressure on the foreign exchange ...

The Executive Secretary and Chief Executive Officer of the Nigeria Extractive Industry Transparency Initiative (NEITI), Dr Ogbonnaya Orji, has said ...

There has been a significant increase in Nigeria’s foreign exchange reserves over the last month, CBN data shows The increase in reserves has been driven by higher oil revenues, strategic ...

Nigeria’s cost of crude oil production has surged to approximately $40 per barrel, according to a report by NUPRC.

As global oil dynamics shift under Trump’s policies, Nigeria faces a crucial choice: either double down on crude production ...

The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered ...

The Group Chief Executive, Oando Plc, Adewale Tinubu, has highlighted the immense prospects of indigenous energy companies taking over the divested assets by International Oil Companies (IOCs) in ...

At an open-cast mine, Abdullahi Ibrahim Danjija carefully chisels away at a hunk of whitish rock before stuffing a sack with ...

Nigeria's foreign exchange reserves have fallen sharply by $832 million in two weeks, raising concerns about currency ...

Nigeria's central bank expects the economy to expand by 4.17% this year, Governor Olayemi Cardoso said on Thursday, driven by ongoing reforms and stabilising inflation.

Stakeholders have once again emphasised the importance of leveraging Nigeria’s vast energy resources to transform the power ...