NNPC Targets Foreign Refinery Partners as Dangote Refinery Offers Lifeline
Nigeria’s long-troubled state-owned refineries may be heading for a fresh start as the Nigerian National Petroleum Company Limited (NNPC) opens…
Category: Energy
Africa Energy Bank to Mobilise $10bn Funding for Nigeria, Angola, Libya
Africa is set for a major boost in oil and gas investment as the newly established African Energy Bank (AEB)…
Nigeria to Power Africa’s Growth Through Gas: NNPC Unveils $60bn Investment Plan
Nigeria is positioning itself as a key driver of Africa’s economic and industrial future by leveraging its abundant gas resources.…
Tinubu: Reforms Drive $8bn FIDs and $10bn Capital Inflows in Nigeria’s Oil & Gas Sector
President Bola Tinubu has hailed recent reforms in Nigeria’s oil and gas sector as transformative, saying they have ended years…
Epstein wanted to trade in Nigeria’s crude oil, but feared being defrauded
Newly released FBI documents reveal that Jeffrey Epstein, the disgraced financier, explored a business deal to trade Nigerian crude oil…
Nigeria to Partner Global Allies on Clean Energy Transition — Tinubu
President Bola Tinubu has reaffirmed Nigeria’s commitment to working with African countries, global allies, and the private sector to deliver…
Nigeria Secures $18.2bn Oil Investments as 28 Field Development Plans Signal Sector Revival
Nigeria recorded a major turnaround in its oil and gas sector in 2025, securing $18.2bn in fresh investments following the…
Nigerians Warned of Epileptic Petrol Supply as Costs and Bank Debts Mount
Independent petrol marketers in Nigeria have cautioned that motorists may soon face an era of irregular or “epileptic” petrol supply.…
Dangote Group Expands Gas Supply Deals with NNPC Subsidiaries to Boost Industrial Growth
Three key subsidiaries of Dangote Industries Limited—Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc—have expanded their Gas Sales…
NNPC Remittance to FAAC Plunges 86%, Deepening Nigeria’s Oil Revenue Crisis
Nigeria’s oil revenue experienced a dramatic decline in 2025 as the Nigerian National Petroleum Company (NNPC) delivered only N604.61 billion…
Nigeria’s Refiners Struggle Amid Crude Shortages Despite 306 Million Barrels Exported in 2025
Local oil refiners in Nigeria continue to grapple with persistent crude shortages, even as the country exported an estimated 306…
Lokpobiri: Only Foreign Firms Can Handle Offshore Exploration in Nigeria
Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that local companies currently do not have the capacity…
Regulatory Gaps Driving Away African Energy Investors, Warns NUPRC Boss
Regulatory inconsistencies across African countries are threatening to scare off energy investors, the Chief Executive of the Nigerian Upstream Petroleum…
Nigerian Engineers Prove Global Capability with Egina, Ikike Projects – TotalEnergies
Nigeria’s Egina deepwater and Ikike shallow-water oil projects have emerged as strong evidence that Nigerian engineers, contractors, and service providers…
Nigeria Oil Exports to Drop as Bonga FPSO Undergoes Scheduled Maintenance
Nigeria’s oil exports will decline sharply in February as production from the Bonga Floating Production Storage and Offloading (FPSO) facility…
NNPC Unveils Gas Master Plan 2026, Targets 20 Million LPG Cylinders by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026, signaling a bold…
Nigeria’s Crude Exports to Drop 225,000 BPD as Shell Shuts Bonga FPSO for Maintenance
Nigeria’s crude oil exports are set to decline by about 225,000 barrels per day this February due to the planned…
Oil Cash, Foreign Inflows Lift Nigeria’s External Reserves by $66m as Naira Hits Two-Year High
Nigeria’s external reserves recorded a modest rebound in January, rising by $66 million as stronger oil prices and renewed foreign…
Nigeria Gas Flaring Hits 203.9 Billion SCF in 2025 Despite High Utilisation – NUPRC
Nigeria continued to struggle with gas flaring in 2025, releasing over 203.9 billion standard cubic feet (SCF) of natural gas…
Clean Energy Momentum Grows Globally, but Nigeria and Africa Lag Behind
As the world observed International Clean Energy Day, United Nations Secretary-General António Guterres delivered a stark message: the global shift…
NNPC Petrol Price Increase: Lagos Rises to N835, Abuja to N839 Amid Market Forces
The Nigerian National Petroleum Company (NNPC) Limited has increased petrol prices, with Lagos motorists now paying N835 per litre and…
NIPetE Symposium Highlights Innovation-Driven Future for Nigeria’s Energy Sector
Nigeria’s energy future is poised for transformation, as experts at the 2026 NIPetE Oil and Gas Symposium emphasized the need…
Nigeria Crude Oil Exports Set to Fall 14% in March Amid Bonga and Forcados Cutbacks
Nigeria’s crude oil exports are expected to drop by about 14% in March 2026, falling to roughly 793,000 barrels per…
Nigeria Earns ₦55.5 Trillion from Crude Oil Sales in 2025 Despite Production Shortfalls
Nigeria generated an estimated ₦55.5 trillion in crude oil revenue in 2025, driven largely by global oil prices despite struggling…
NUPRC Engages Global Investors Ahead of 2025 Oil & Gas Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is reaching out to global energy investors, upstream operators, and financial partners ahead…
FG’s N501 Billion Power Sector Bond Fully Subscribed, Boosting Investor Confidence in Nigeria’s Electricity Market
The Federal Government of Nigeria has successfully achieved full subscription for its N501 billion inaugural power sector bond under the…
Nigeria’s Chevron-NNPC Discovery Set to Boost Daily Crude Output to 146,000 Barrels
Nigeria is set to ramp up its crude oil production following a major offshore discovery by Chevron Nigeria Limited (CNL)…
Imported Petrol Undercuts Dangote Refinery Price After Gantry Hike
Imported petrol has become cheaper than fuel produced by the Dangote Petroleum Refinery, following a recent increase in the refinery’s…
NNPC, Chevron Target 146,000bpd as Awodi-07 Oil Discovery Boosts Production Hopes
The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Limited have set sights on ramping up crude oil production…
NNPC Confirms Major Oil Discovery at Awodi-07 Well in Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed a significant oil discovery at the Awodi-07 appraisal and exploration…