JUWON ADESANYA

For Africa’s biggest oil-producing country, the idea of getting private capital to explore for new oil fields in 2021 may be off the table as Big Oil companies are not only reducing their exploration workforce but also cutting the search…

With the increasing population and the urge by both private and public sectors to bridge the loss in the economy triggered by the devastating pandemic, Africa's biggest economy has become the destination in early 2021 for investors who…

The acquisition of a 45 per cent participating interest in OML 17 by Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc through TNOG Oil and Gas Limited, their associated company is a significant development in a…

In a move expected to yield returns in 2021, Lagos State Governor, Babajide Sanwo-Olu, Tuesday highlighted over $2 billion worth of opportunities for the United Kingdom business community in Nigeria in a move to make the state with a GDP of…

As Nigerian government rallies every available revenue to keep the nation afloat, a strict deal by the Organisation of Petroleum Exporting Countries (OPEC) that Africa's biggest oil-producing country cut daily production by 939,000 barrels…

The financial rise of Elon Musk, CEO of Electric Vehicle maker, Tesla as the world's richest person with a net worth of over $185billion is expected to be a major headache for fossil fuel companies, that are now overwhelmed by growing…

Many people mocked defunct Bank PHB when a TV commercial in 2015 suggests that one-day cars will run on water, that era when cars are running on water is here and it doesn't look great for Nigeria that is still lagging in the new order.…

Brent, the benchmark for Nigeria’s crude oil, hovers around 10-month highs of $53 on Monday as producer cartel and other oil rich nations fail to agree on whether to unleash more barrels on to a market under threat from the latest…

Enyo Retail and Supply, has commenced its Liquified Petroleum Gas (LPG) expansion agenda aimed at boosting the usage of gas in Nigeria, a development which is in line with the Federal Government’s initiative to deepen the consumption of gas…

The unfortunate truism that whenever crude oil price is rising, it presents two-way conditions for Nigerian economy is beginning to play out as global oil prices traded above $51 per barrel for the first time since March after the release…