Nigeria oil production costs soar to $40 per barrel, significantly higher than global competitors like Saudi Arabia.

Nigeria’s economic journey has been heavily shaped by its historical dependence on oil exports. Since the discovery of oil in ...

Nigeria spends not less than N1.57tn on crude oil production monthly, translating to about N18tn annually, a development ...

Recognising this potential, President Bola Tinubu established the Ministry of Marine and Blue Economy in August 2023.

The oil palm sector in Nigeria is witnessing unprecedented growth, presenting investors with lucrative opportunities to ...

Ghana’s oil and gas sector stands at a crossroads. Once viewed as a catalyst for economic transformation, the industry now ...

Some analysts in Nigeria’s oil and gas sector have emphasised the need to optimise local content in petroleum operations to ensure sustainable growth of the ...

In a groundbreaking report, Goldman Sachs has projected that Nigeria will emerge as the world’s fifth-largest economy by 2075 ...

it was stated that a high cost of oil production poses risks to the country’s economic stability and growth. The regulator posited that the stakes for Nigeria to achieve the objective are high ...

Indigenous oil and gas service providers, under the umbrella of Petroleum Technology Association of Nigeria (PETAN), have demanded that contracts worth $1.5 billion be awarded to local firms from ...

At the backdrop of the plan by the Federal Government (FG) of Nigeria to grow the country's economy to a $1 trillion value by 2030, the government has been advised to adopt assets-based financing ...