OPEC+ Plans 206,000 bpd Output Raise for May Amid Chokes Supplies
OPEC+ plans to increase its oil production quota by 206,000 barrels per day (bpd) for May 2026, sources told Reuters…
Month: April 2026
NMDPRA Approves F-500 Encapsulator for Fire Safety In Oil, Gas Facilities
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has greenlit the use of F-500 Encapsulator as a fire-suppression agent…
Easter: Akpabio Urges Nigerians To Embrace Peace, Tolerance
President of the Senate, Senator Godswill Akpabio, has enjoined Nigerians to embrace peaceful coexistence, tolerance and mutual respect, regardless of…
CBN Tightens Post-Recapitalisation, Stress Tests As Banks Begin Compliance
Following the completion of the banking sector recapitalisation exercise, the Central Bank of Nigeria has commenced a stricter phase of…
MTN Dominates As Telecom Sector Records Broadband Expansion
Nigeria’s fixed broadband segment has witnessed a significant expansion over the past year, with fresh industry data showing that the…
Nigeria’s Oil Output Reaches 1.84mbpd – Official
Nigeria’s crude oil output has climbed to 1.84 million barrels per day, marking a notable rebound in production, according to…
AIICO Insurance Disburses N4.39bn Dividends To Shareholders
Shareholders of AIICO Insurance Plc are expected to receive a dividend payout of N4.39 billion for the year ended December…
Foreign Reserves Drop $840m In 13 Days Amid Steady Naira, Oil Price Boost
Nigeria’s foreign reserves dropped by $840 million over 13 straight days to $49.18 billion, even as the naira held relatively…
West African Power Pool Project 56% Complete, to Enhance Regional Supply, Integration—TCN
The 330kV WAPP North Core Interconnection Project has reached 56 per cent completion, bringing reliable power and economic growth closer…
NSIA, World Bank Partner On New Financing Platform To Boost Power Infrastructure
The Nigeria Sovereign Investment Authority (NSIA) has unveiled plans to deepen its role in financing large-scale infrastructure projects, working closely…