In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Major petroleum marketers in Nigeria are raising concerns about market dominance and calling for transparent access to facilities to ensure fair competition in the downstream oil sector.
Nigerian student groups are urging President Tinubu to prioritize domestic refining by allocating all crude oil to Dangote Refinery, promising cheaper fuel and economic revival.
Nigerian students unite in calling for domestic crude oil allocation to boost local refining capacity and tackle fuel scarcity crisis.
The National Association of Petroleum and Natural Gas Senior Staff calls for immediate federal intervention to protect Africa's largest refinery from economic saboteurs undermining Nigeria's energy independence.
Former CBN Governor Lamido Sanusi exposes how postponed fuel subsidy elimination triggered Nigeria's current economic hardship during Kaduna book launch.
Former CBN Governor Sanusi Lamido Sanusi reveals how Boko Haram insurgency compelled President Goodluck Jonathan to reverse fuel subsidy removal in 2012, exposing the intricate link between terrorism and economic policy in Nigeria.
Significant economic boost expected as 16 vessels carrying petroleum products, general cargo, and containers prepare to dock at Lagos ports this week, enhancing Nigeria's supply chain.