9 h. ago Rivers Crisis: Wike Gives Conditions For Peace With Gov Fubara

Minister of the Federal Capital Territory, Nyesom Wike, has rolled out some conditions for any reconciliation with his successor, Rivers State Governor, Siminalayi Fubara. Speaking during a media chat on Friday in Abuja, the former governor of the oil rich state expressed willingness to reconcile if Governor Fubara truly seeks forgiveness. The Minister emphasized that […] The post Rivers Crisis: Wike Gives Conditions For Peace With Gov Fubara appeared first on Information Nigeria.

Politics

16 h. ago Tinubu praises Emami’s peacebuilding, protection of Niger Delta oil infrastructure on 50th birthday

From Juliana Taiwo-Obalonye, Abuja President Bola Tinubu has praised Ayiri Emami, a prominent Itsekiri leader, businessman, and philanthropist, for his outstanding peace building contributions as he marks his 50th birthday on April 26. In a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu commended Emami’s unwavering commitment to nation-building, highlighting his […] The post Tinubu praises Emami’s peacebuilding, protection of Niger Delta oil infrastructure on 50th birthday appeared first on The Sun Nigeria.

Politics

24 h. ago Tinubu committed to creating jobs, value in oil, gas sector – Lokpobiri

…As Monarch Alloy opens plant in Lagos By Kehinde Aderemi President Bola Tinubu is committed to creating jobs and adding value in the oil and gas sector of Nigeria. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made the disclosure in Lagos during the commissioning of Monarch Alloy Limited Oil and Gas Pipe Coating […] The post Tinubu committed to creating jobs, value in oil, gas sector – Lokpobiri appeared first on The Sun Nigeria.

Politics

36 h. ago Local production of oil pipelines ‘ll complement foreign importation – FG

The Federal Government has vowed to continue to encourage the development and sustainability of oil and gas local content production. The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, stated this on Thursday during the launch of Monarch Alloys 33LPE and concrete weight coating facility in the Ikorodu area of Lagos State. According to Lokpobiri, the […] The post Local production of oil pipelines ‘ll complement foreign importation – FG appeared first on The Sun Nigeria.

Politics

43 h. ago N/Delta Oil Communities Facing Extinction From Gas Flaring, Spills, NGOs Warn

As Nigeria joined the rest of the international community to commemorate the World Earth Day (WED), a coalition of non governmental organisations (NGOs) have drawn the attention of the federal government and other subnational authorities to the plights of residents of oil communities in the Niger Delta region. The Network Advancement Program for Poverty and […]

Events

43 h. ago Navy Dismantles Illegal Refineries, Apprehends Six In Bayelsa, Delta, Anambra

Troops of the Nigerian Navy’s Operation Delta Sanity and its units have arrested six suspected crude oil thieves during a series of coordinated operations carried out from April 20 to April 22. The Director of Naval Information, Commodore Aiwuyor Adams-Aliu, made this announcement on Thursday in Abuja. Adams-Aliu stated that on Sunday, the Nigerian Navy […] The post Navy Dismantles Illegal Refineries, Apprehends Six In Bayelsa, Delta, Anambra appeared first on Information Nigeria.

Politics

47 h. ago Unsold 92m barrels of crude puts Nigeria’s N19.6trn oil revenue at risk

Nigeria’s oil sector, the lifeblood of its economy, is grappling with a burgeoning crisis as a staggering 92 million barrels read more Unsold 92m barrels of crude puts Nigeria’s N19.6trn oil revenue at risk

Politics

61 h. ago Oil falls 2% after sources say OPEC+ mulls accelerating output

Oil prices slipped 2% on Wednesday as sources said OPEC+ would consider accelerating its oil output increases in June, but read more Oil falls 2% after sources say OPEC+ mulls accelerating output

Politics

67 h. ago Asian, Mediterranean Refiners Major Beneficiaries Of Nigerian Crude Shipments In April

Asian and Mediterranean nations emerged as the leading destinations for Nigerian crude oil exported by International Oil Companies (IOCs) as well as the Nigerian National Petroleum Company Limited (NNPCL) in April. This is as local refiners voiced frustration over their continued exclusion from the country’s oil trade and criticised regulators for a lack of transparency. […]

Politics

3 d. ago Akwa Ibom: IYC demands pipeline surveillance deal from oil firms operating in host communities

From Isaac Job, Uyo The Ijaw Youth Council (IYC), Eastern Obolo clan in Akwa Ibom State, has reiterated its demand for a pipeline surveillance contract promised by Sterling Global/Natural Oil Field Services. In a communiqué issued in Uyo on Wednesday, following a meeting to inaugurate new operational chapters, the IYC, led by Chairman Michael Jaja, […] The post Akwa Ibom: IYC demands pipeline surveillance deal from oil firms operating in host communities appeared first on The Sun Nigeria.

Politics

3 d. ago IMF Lowers Nigeria’s 2025 Growth Forecast To 3.0% On Weakening Oil Price

The International Monetary Fund (IMF) has revised downward Nigeria’s economic growth projections for 2025 and 2026, to 3.0 for 2025 and 2.7 for 2026 as global uncertainties grow and sustained weaknesses in oil prices impact the country’s economy. This is as it sees a growing probability of a recession from per cent in October to […]

Politics

3 d. ago 2024 Oil Licensing Process Fair, Open, Inclusive, NUPRC Insists

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed that the 2024 oil licensing round was conducted with fairness, openness, and inclusivity at its core. Chairman 2024 Bid Round Committee, NUPRC, Bashiru Indabawa who made this known,  insisted that the bid round was conducted transparently in line with the Petroleum Industry Act and regulations released […]

Politics

4 d. ago IOCs Bypass Direct Crude Oil Supply To Dangote Refinery, Others

International Oil Companies (IOCs) operating in Nigeria have continued to bypass direct crude oil supply to local refineries, even as the nation grapples with an estimated 60 million barrels of stranded crude oil on the high seas. This persistent disconnect was compounding Nigeria’s struggle to ramp up domestic refining capacity and maximise oil revenues. LEADERSHIP […]

Politics

4 d. ago Federation account revenue falls to ₦1.94 trn amid drop in oil receipts – CBN

From Adanna Nnamani, Abuja In January, Nigeria’s Federation Account revenue dropped to ₦1.94 trillion, a 31.35% decline from December 2024 and 35.22% below the monthly benchmark, according to the Central Bank of Nigeria’s (CBN) January 2025 Economic Report. The fall was driven by reduced receipts from Petroleum Profit Tax (PPT), royalties, Company Income Tax (CIT), […] The post Federation account revenue falls to ₦1.94 trn amid drop in oil receipts – CBN appeared first on The Sun Nigeria.

Politics

4 d. ago Nigerians In Diaspora Laud Tinubu, Komolafe Over Reforms In Oil, Gas Sector

The Nigerians in Diaspora Groups has praised President Bola Tinubu and the Chief Executive Officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, for their transformative leadership and commitment to transparency in Nigeria’s oil and gas sector. In a statement issued on Monday, David Matthew Akpambu, Global President of the Nigerians in […]

Politics

4 d. ago How competition, importation can stimulate downstream sector

As the downstream oil and gas sector continues to face challenges of underperformance, infrastructure deficits, and low investment, industry experts read more How competition, importation can stimulate downstream sector

Politics

4 d. ago Experts advise NNPCL boss on industry reform to enhance investor confidence

Oil and gas experts have asked the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPCL), read more Experts advise NNPCL boss on industry reform to enhance investor confidence

Politics

5 d. ago Fiscal pressure mounts as FG slashes spending, deficit expands

By Chinwendu Obienyi The Federal Government of Nigeria (FGN) recorded a significant decline in expenditure and revenue in January 2025, as fresh data from the Central Bank of Nigeria (CBN) revealed a deepening fiscal deficit and falling receipts from both oil and non-oil sources. According to provisional figures from the apex bank’s economic report for […] The post Fiscal pressure mounts as FG slashes spending, deficit expands appeared first on The Sun Nigeria.

Politics

6 d. ago Competition key to unlocking growth in downstream oil sector –Experts

By Adewale Sanyaolu   The Nigerian downstream petroleum sector is navigating one of its most challenging eras in recent history, marked by persistent underperformance and dwindling investor confidence that continue to cast a shadow over its potential. Indeed, consistent low margins have disrupted the market, forcing many to either shutdown or scale down operations in […] The post Competition key to unlocking growth in downstream oil sector –Experts appeared first on The Sun Nigeria.

Politics

7 d. ago Lokpobiri harps on homegrown solutions to resolve challenges in African energy sector

From Femi Folaranmi, Yenagoa The Minister of State, Petroleum (Oil), Senator Heineken Lokpobiri, has recommended homegrown solutions as panacea for challenges confronting the energy sector on the African continent. According to him, Africa must begin to look inward for sustainable solutions to its energy challenges by boosting local production capacities while retaining generated resources within […] The post Lokpobiri harps on homegrown solutions to resolve challenges in African energy sector appeared first on The Sun Nigeria.

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