Business

NNPC is changing. What does this mean for Nigeria’s oil industry?

NNPC is changing. What does this mean for Nigeria’s oil industry?

Nigeria has been talking about listing its national oil company for nearly a decade. The idea first appeared in government…
The businesses powering Nigeria’s digital economy

The businesses powering Nigeria’s digital economy

For many Nigerians, the phrase “digital economy” brings one thing to mind: fintech. It is an understandable assumption. Mobile banking,…
Why crude oil is still Nigeria’s biggest business

Why crude oil is still Nigeria’s biggest business

When Nigeria needs to earn big from the global market, it still turns to one product: crude oil. That is…
NCDMB, BOI unveil US$100m equity fund for indigenous oil firms

NCDMB, BOI unveil US$100m equity fund for indigenous oil firms

For years, many indigenous oil and gas companies have struggled to expand, not because they lacked viable businesses, but because…
Nigeria’s import list is quietly getting shorter

Nigeria’s import list is quietly getting shorter

For a long time, Nigeria had an expensive habit. The country exported crude oil but imported the petrol used to…
Nigeria’s abandoned oil wells may have one more job to do

Nigeria’s abandoned oil wells may have one more job to do

An oil well story in Nigeria usually ends when the oil stops flowing. Once production declined, many were sealed, others…
US$50m Brentex facility aims to keep more energy projects in Nigeria

US$50m Brentex facility aims to keep more energy projects in Nigeria

Nigeria’s push to keep more value from its oil and gas industry has received another boost with the development of…
NCDMB launches digital certification for oil and gas training providers

NCDMB launches digital certification for oil and gas training providers

The Nigerian Content Development and Monitoring Board (NCDMB) will officially launch the Nigerian Content Trainers’ Registration Certificate (NCTRC) on Monday,…
Nigeria now keeps 61% of oil industry spending at home

Nigeria now keeps 61% of oil industry spending at home

When Nigeria passed its Local Content Act in 2010, less than five percent of activities in the country’s gas and…
Nigeria awards 37 oil blocks as investors face 90-day deadline

Nigeria awards 37 oil blocks as investors face 90-day deadline

Winning oil blocks is only the first hurdle for the 31 companies selected under Nigeria’s 2025 Licensing Round. The Nigerian…
Nigeria’s new e-invoicing rules: What large firms should expect

Nigeria’s new e-invoicing rules: What large firms should expect

For businesses with an annual gross turnover of five billion naira or more, July 31 is more than another compliance…
Petrol imports are falling. Cooking gas is telling a different story

Petrol imports are falling. Cooking gas is telling a different story

Nigeria’s energy story appears to be moving in two different directions. On one side, the country’s dependence on imported petrol…
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