Business (Page 20)

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday in Lagoa, launched its Revision 2 of the Nigerian Gas Transportation Network Code to strengthen gas transportation regulations, improve market efficiency and facilitate trade. The Authority’s chief executive, Rabiu Umar, made the public launched of the Code at theContinue Reading

The International Energy Agency (IEA) fresh report has predicted a drop in global oil demand  as the Iran war manifests itself through restricted product availability, soaring fuel prices and a deteriorating economic outlook According to the IEA, world oil demand is forecast to fall by 2.5 million barrels a day (mb/d) inContinue Reading

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering a domestic crude swap framework that it says could cut refiners’ costs by an estimated $3 to $4 per barrel. The commission chief executive,  Oritsemeyiwa Eyesan, disclosed this on Monday in Lagos at the OTL Africa Downstream Energy Week 2026. SpeakingContinue Reading

  The Nigerian equities market extended its bullish momentum on Monday, recording another strong gain as sustained buying interest strengthened investor sentiment across the bourse. The All-Share Index (ASI) gained 4,068.27 points, rising from 247,222.27 to 251,290.54, representing a 1.65 per cent increase. The advance reflects renewed investor confidence andContinue Reading

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that domestic refineries received more than 127 million barrels of Nigerian crude oil and condensate between January and September 2026, reflecting improvements in the implementation of the Domestic Crude Supply Obligation (DCSO). The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed thisContinue Reading

The federal government is targeting single-digit inflation before the end of 2027, Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, has said, framing the goal as a route to lower interest rates, cheaper credit and stronger growth. Oyedele made the commitment on Monday at the 32nd Nigerian EconomicContinue Reading

Climate considerations are increasingly becoming critical to business resilience, risk management and long-term economic growth, as the effects of climate change continue to disrupt business operations, raise costs and threaten livelihoods across Africa, the Group Managing Director and Chief Executive of United Bank for Africa (UBA) Plc, Oliver Alawuba, hasContinue Reading

  The African Private Capital Association (AVCA) has called to fund hard infrastructure, shift from extraction to local value creation, and mobilise domestic capital. The Association stated this at its Sustainable Investing in Africa Summit in London. Against a backdrop of macroeconomic volatility and geopolitical fragmentation, industry leaders said AfricaContinue Reading

The Petroleum Technology Association of Nigeria (PETAN) has urged indigenous oil and gas companies to strengthen their technical capacity to close existing skills gaps and improve local participation in the country’s oil and gas industry. The association said it would pursue partnerships across the sector to expand technical expertise, promoteContinue Reading