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457 illegal mining sites identified in one year - Minister

Nigeria, March 22 -- The Minister of Solid Minerals Development, Dele Alake, on Friday said the mining marshals have identified 457 suspected illegal mining sites in the last one year. Mr Alake discl... Read More


Port Harcourt refinery fully operational - NNPC

Nigeria, March 20 -- The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday said the Port Harcourt Refining Company (PHRC) remains operational and continues to produce on-spec refined... Read More


Minister condemns another military attack on electricity staff

Nigeria, March 20 -- The Minister of Power, Adebayo Adelabu, on Wednesday condemned another attack, forceful abduction, intimidation, assault, brutalisation of the staff and destruction of the facilit... Read More


No explosion at Port Harcourt refinery - NNPC

Nigeria, March 19 -- The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday dismissed reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. In a state... Read More


Fuel price hike looms as Dangote stops sale of petroleum products in Naira

Nigeria, March 19 -- Dangote refinery on Wednesday announced the temporary suspension of sales of petroleum products in Naira. The company, in a statement signed by its management, said the decision ... Read More


Nigeria's inflation rate eases in February - NBS

Nigeria, March 18 -- Nigeria's annual inflation rate eased to 23.18 per cent in February from 24.48 per cent in January 2025, the National Bureau of Statistics (NBS) said on Monday. The statistics of... Read More


Electricity theft, infrastructure vandalism threaten Nigeria's power sector

Nigeria, March 16 -- The Nigerian power sector is grappling with a crippling crisis as rampant electricity theft and infrastructure vandalism continue to threaten power supply. Although Nigeria is no... Read More


Renaissance completes acquisition of Shell's assets in Nigeria

Nigeria, March 14 -- Renaissance Africa Energy Holdings announced that it has successfully completed the acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria ... Read More


Savannah Energy completes acquisition of SIPEC

Nigeria, March 13 -- Savannah Energy PLC, the British independent energy company, announced that it has completed its acquisition of Sinopec International Petroleum Exploration and Production Company ... Read More


Naira for crude policy remains in place - Nigerian govt

Nigeria, March 11 -- The Nigerian government on Monday said the policy framework enabling the sale of crude oil in naira for domestic refining remains in force. The Chairman of the Federal Inland Rev... Read More