EXECUTIVE DIRECTIVES AND THEIR IMPACT ON OIL SECTOR STABILITY
By: Fasasi Hammad The recent presidential directive issued by President Bola Ahmed Tinubu has sparked an important national conversation on transparency, reform, and constitutional balance...
CBN REPORTS S5.52BN RESERVE INCREASE, NET POSITION REACHES S34.8BN
By: Fasasi Hammad The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s gross and net foreign reserves recorded significant growth by the end of...
FCTA TO ROLL OUT ENFORCEMENT MEASURES FOR LAND USE AND GROUND RENT
By: Fasasi Hammad The Federal Capital Territory Administration (FCTA) has announced plans to enforce compliance among residents who violate land use regulations and default on...
BREAKING: DANGOTE REFINERY REVISES PETROL PRICE UPWARDS TO N874
By: Fasasi Hammad Dangote Petroleum Refinery has raised the gantry price of its Premium Motor Spirit (PMS) by ₦100, increasing the ex-depot rate from ₦774...
SOLUDO REOPENS NKWO NNEWI MOTORCYCLE SPARE PARTS MARKET
Traders at the New Motorcycle Spare Parts Market, otherwise known as Nkwo Nnewi, on Monday complied with Gov. Chukwuma Soludo’s directive, reopening for business to...
IRAN-US-ISREAL WAR: GAS PRICE JUMPS 50 PERCENT, CRUDE 10 PERCENT
Following the Middle East crisis sparked by US-Israeli strikes in Iran, natural gas prices spiked by nearly 50% on Monday after QatarEnergy, one of the...
NIGERIA SPLITS OPL 245 INTO FOUR OIL BLOCKS IN NEW DEAL WITH ENI, SHELL
Nigeria has entered an agreement to split the oil prospecting license (OPL) 245 into four new assets, which will be operated by Eni and Shell....
IRAN ENVOY WARNS KHAMENEI ASSASSINATION WOULD HAVE WIDESPREAD CONSEQUENCES
Agency Report Iran’s Foreign Minister Seyed Abbas Araghchi warned that the attacks by the United States and Israel on Iran, assassination of Iranian Supreme Leader...
FG BEGINS IMPLEMENTATION OF EXECUTIVE ORDER ON DIRECT OIL REVENUES REMITTANCE TO FAAC
BY JENN NOMAMIUKOR The federal government has started carrying out Executive Order 9 from 2026. This order requires that all oil revenue be sent directly...
OPEC+ INCREASES OIL OUTPUT BY 206,000 BPD AMID TENSIONS IN MIDDLE EAST
BY JENN NOMAMIUKOR OPEC and its partner countries have decided to increase oil production by 206,000 barrels each day starting in April. This decision happens...