Economy

By John Ikani Libya’s oil production came to a complete halt last month, while Iraq's adherence to OPEC's output limits led to a collective drop of roughly 500,000 barrels per day (bpd) in output from the...

By Enyichukwu Enemanna The Secretary General of the African Petroleum Producers Organisation (APPO) has said Africa is overdue to set up the Africa Energy Bank (AEB), a devoted bank to address the funding gap in the...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had eliminated middlemen from the oil and gas industry value chain and contributed to shortening the oil industry contracting cycle...

Former Nigerian President, H.E. Dr. Goodluck Jonathan (GCFR), Bayelsa State Governor, H.E. Sen. Douye Diri and Rivers State Governor, H.E. Sir. Siminalayi Fubara are set to grace the Pre-Summit Conference of the 1st Pan-Ijaw Economic Summit...

By John Ikani Oil prices continued to rise on Monday, with Brent crude nearing $80 per barrel, building on the previous week's significant surge—its biggest increase since early 2023. Concerns about a broader conflict in the...

By John Ikani The Nigeria Content Development and Monitoring Board (NCDMB) and the Industrial Training Fund (ITF) on Friday launched the third phase of their Vocational Skills Programme at the Raw Materials and Research Development Centre...