An obvious solution to Nigeria's economic woes is trade diversification, with particular emphasis on non-oil exports.

Many people today are unfamiliar with the term "Great Depression" and the profound significance it holds in global history.

Nigeria is ranked 15th in the world for oil production. The country joined the Organisation of Petroleum Exporting Countries ...

There are four major state-owned refineries in Nigeria located in Port Harcourt ... of operational failures and corruption in the oil & gas sector. Thus, efforts by the government to substantially ...

Nigeria's oil industry is poised for growth as petroleum marketers prepare to launch a new 50,000 barrels per day (bpd) refinery. According to Billy Gillis-Harry, National President of the ...

Nigeria’s crude oil revenue rose to about N50.88 trillion in 2024, according to industrial data. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission confirmed that Nigeria ...

There has been understandable excitement, especially in Nigerian government circles, about the reported revival of the state-owned Port Harcourt and Warri oil refineries, which had been inoperative ...

Nigeria, Africa's leading oil producer, is set for growth, driven by ongoing reforms and a strong emphasis on rehabilitating ...

The Petroleum Products Retail Outlets Owners Association of Nigeria has disclosed that they signed a deal with three oil ...

Ukraine claimed Saturday to have struck one of Russia’s largest oil refineries in a drone attack, starting a fire at the facility more than 700 miles into Russian territory. The attack on the ...

Drones are reported to have struck the Taneko oil refinery in Tatarstan, a federal subject of the Russian Federation. Source: Russian media outlet Astra; Andrii Kovalenko, Head of the Center for ...