Nigeria’s foreign exchange reserves have depleted by $1.38billion since this year, reaching $39.497billion as at February ...

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 ...

Oyo State Governor, Engr Seyi Makinde, has urged policymakers to develop a comprehensive economic policy to address the ...

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

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

These attacks are the latest in a series of aerial bombardments by the Nigerian government as part of a protracted campaign ...

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 ...

For many decades, the petroleum industry, Nigeria’s cash cow, was in the doldrums due largely to administrative and ...

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

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

SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as ...