Most Recent Articles by

Yemisi Lanre-Idowu

NUPRC Launches 2025 Oil Licensing Round To Boost Production

‎Nigeria’s Upstream Petroleum Regulatory Commission (NUPRC) took steps to boost investment in the oil and gas industry by announcing that the 2025 licensing round...
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Implications Of CBN’s 48-Hour Refund Policy On Banks And Customers

The Central Bank of Nigeria has ordered banks to refund customers for failed ATM transactions within 48 hours, a move aimed at protecting consumers...

NNPCL Raises Petrol Price To ₦905 Amid Fuel Shortages

‎The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of petrol in Abuja from ₦890 to ₦905 per litre, following recent...

PENGASSAN Denies Signing Deal With Dangote Refinery, Threatens Fresh Strike

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has stated that it did not sign the communiqué that led to the...

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Guinea Moves To Become West Africa’s Gold Refining Hub With New Export Ban

Guinea is stepping up efforts to become a leading gold refining hub in West Africa as it seeks to process more of its precious metals locally instead of exporting raw gold abroad. Mines Minister Bouna Sylla said the country has built one of Africa’s largest gold refineries, with...

IMF Says Malawi Loan Programme Depends On Government’s Reform Commitment

The International Monetary Fund (IMF) says it is prepared to move quickly on a new credit programme for Malawi but has stressed that any financial support will depend on the government’s commitment to implementing key economic reforms. IMF Resident Representative Nelnan Koumtingue said discussions with Malawian authorities are...

FCCPC Warns Fuel Marketers Against Exploiting As Global Oil Prices Fall

The Federal Competition and Consumer Protection Commission (FCCPC) has warned operators in Nigeria’s downstream petroleum sector against exploiting consumers by failing to reflect the significant decline in global crude oil prices in retail fuel prices. As of the time of filing this report, global benchmark Brent crude was...