Category : Search result: Nigeria oil transition


Anambra's 220M Palm Seedlings Boost Agriculture

Anambra State government has distributed 220 million palm seedlings to 180,000 households in two years, supporting the 'One Family, 20 Palms' project to revive palm oil production and achieve food security.

Africa's $90B Debt Crisis Blocks Climate Action

African countries spent $90B on debt servicing in 2024 while climate finance falls short. G20 summit must deliver debt relief to unlock Africa's green transition and global climate security.

OPEC+ Pauses Oil Output Hikes Until March 2026

OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.

Anambra Gives 220M Palm Seedlings to Households

Anambra State has distributed 220 million palm seedlings to 180,000 households in two years under Governor Soludo's agricultural revolution. Discover how this initiative aims to transform the state's economy.

Legal Battle: Lawyer Represents Both FBN and NUPRC

Senior lawyer Babajide Koku's dual representation in Nestoil-FBN legal battle raises conflict of interest concerns, threatening Nigeria's oil sector integrity. Stakeholders warn of serious consequences.

OPEC+ 2025 Oil Output Policy: A Review

OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.

AfDB approves $500m loan for Nigeria's budget

African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.

Kano Free Trade Zone Hits N18.8b Revenue in 2025

Kano Free Trade Zone reports N18.8 billion revenue from Jan-Oct 2025, signaling growth in Nigeria's non-oil sector. Discover how this achievement boosts economic diversification.

UK Allows New Oil and Gas Drilling in North Sea

Britain's Labour government signals a policy shift, permitting limited oil and gas extraction in existing North Sea fields despite a prior ban on new licenses. Discover the details.

Tinubu Hails Ex-NNPC GMD Gaius-Obaseki at 80

President Bola Tinubu celebrates former NNPC GMD Dr. Jackson Gaius-Obaseki's 80th birthday, praising his decades of service in Nigeria's oil and gas sector. Read more about his remarkable career.

NNPCL Targets Higher Production, Gas Monetisation in 2025

NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.

Zegna CEO Steps Down After Two Decades

Italian fashion giant Ermenegildo Zegna announces leadership transition as Gildo Zegna hands CEO role to finance director. Stock falls amid changes.

Naira weakens to N1,456.72/$ as economy faces pressure

Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.

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