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Nigeria’s Extractive Industry Grapples with Oil Theft and Illegal Mining, Hindering Revenue Potential

Nigeria, known as Africa's top oil producer and the 12th largest globally, continues to face significant challenges in its extractive industry. Despite its vast...
Business News

Dangote Refinery Set to Receive First Crude Batch in June 2023, says S&P Global Report

Dangote Refinery expects its first crude batch in June 2023. The refinery, which is owned by Nigerian billionaire Aliko Dangote, is currently under construction...
Business News

Federal Government: Fuel subsidy could have cost over $74 billion between 2005 to 2021.

The Nigerian government has acknowledged that the cost of fuel subsidy on petrol between 2005 and 2021 could be more than N13 trillion ($74...
Business News

Angola surpasses Nigeria as top crude oil producer in Africa in 2023

Angola has emerged as the top crude oil producer in Africa, surpassing Nigeria's output level, which hit a new low in April 2023. The...

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