The non-oil sector, which contributes over 90 percent of the GDP, has been left underdeveloped, resulting in a lopsided economic ...

Nigeria’s oil output has seen a significant increase, rising by 6.3% to reach 1.507 million barrels per day, according to the just-released January 2024 Monthly Oil Market Report (MOMR). This boost is ...

Nigeria’s economy has struggled in recent years due to lower oil prices and tough economic reforms, resulting in a severe ...

Many people today are unfamiliar with the term "Great Depression" and the profound significance it holds in global history.

Oil companies’ divestment was a pivotal event that shaped Nigeria’s oil sector in 2024. International oil companies (IOCs) ...

Rwanda has confirmed the presence of oil in Lake Kivu, bordering Uganda and DR Congo. The country said there is a possibility ...

New milestone achieved. Aba Power has gone down history as first disco to achieve almost one month of uninterrupted power ...

Oil revenue accounts for nearly 90% of Nigeria ... One of the major factors in Nigeria’s economic crisis has been a limited supply of foreign currency. The country does not export enough ...

A new report has revealed that the mega Dangote Refinery consumed 13% of Nigeria's crude oil export and domestic in the past ...

Experts and stakeholders in the oil and gas and policymakers have called for urgent reforms in Nigeria’s oil and gas sector to increase economic growth. They made the at a one-day symposium themed ...

The Chief Executive Officer of CFG Advisory, Mr. Adetilewa Adebajo, has highlighted debt reduction and oil asset sales as ...

Stagflation, the challenging combination of high inflation, slow economic growth, and rising unemployment, presents a ...