Nigeria’s oil and gas sector is facing a new challenge as a dispute between Dangote Industries Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Agency...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, announced on Monday that approximately $16.6 billion in investments have been committed over the past year. This...
Nigeria is setting its sights on attracting $5 billion worth of investments in its oil and gas sector, according to statements made by government officials during...
The oil sector contracted by 10.73 percent year-on-year and contributed just 7.49 percent to the total real Gross Domestic Product (GDP) in the third quarter (Q3)...
Nigeria’s GDP Grew by 0.11 Percent in Q4 2020 Nigeria, Africa’s largest economy, grew by 0.11 percent year-on-year in the final quarter of 2020, according to...
COVID-19 Plunges Nigeria’s Oil Revenue by 41% in the First Nine Months of 2020 Nigeria’s oil revenue declined by 41.44 percent in the first nine months...
Poor economic policy amid COVID-19 pandemic has plunged Nigeria into second economic recession in four years, according to the latest report from the Nigerian Bureau of...