Africa: OPEC Approves Hike in Oil Production Despite Weak Prices

The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase oil production for the second time in two months, adding 411,000 barrels per day to its production… Read more »

Nigeria: Fuel Ban - Respite As More Petrol Stations Get Waivers in Ogun Border Area

The federal government has granted waivers to additional five petrol stations to resume the sale of fuel in some border communities of Ogun State after a prolonged restriction of… Read more »

Nigeria: Reps Panel Gives Oil Firm 5 Days to Pay $4m Royalties

The Public Accounts Committee (PAC) in the House of Representatives has directed OML18 Resources Limited, formerly Sahara Field Production Ltd, to remit $4.020 million to the… Read more »

Nigeria: Ti Nigeria Backs NNPCL Probe, Seeks Comprehensive Oil Sector Audit

The Head of Transparency International (TI) Nigeria and Executive Director of the Civil Society Legislative Advocacy Centre (CISLAC), Comrade Auwal Musa Rafsanjani, has called for… Read more »

West Africa: Nigeria's Non-Oil Exports Hit $1.7bn in Q1

The Nigerian Export Promotion Council (NEPC) yesterday disclosed that Nigeria's non-oil exports grew by 24 per cent to $1.79 billion (N2.7 trillion) in the first quarter of 2025. Read more »

Nigeria: Reps Recover Fresh N11.49bn From Oil Companies

The Public Accounts Committee (PAC) in the House of Representatives has announced the recovery of an additional ₦11,488,761,099 billion from oil and gas companies with… Read more »

Nigeria: Troops Arrest Oil Thieves, Deactivate Illegal Refineries in N/Delta

Troops of the 6 Division, Nigerian Army, have arrested 23 suspected oil thieves and deactivated 13 artisanal refineries during intensified operations across the Niger Delta region. Read more »

Nigeria: Another Look At Nigeria-Saudi Partnership On Illicit Drugs

As a long-time advocate for stringent drug laws and a tireless campaigner against trafficking, I welcome the recent Memorandum of Understanding (MoU) signed between Nigeria's… Read more »

Nigeria: 83 Firms Get Refining Licences As Petrol Imports Drop - NMDPRA

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has disclosed that the government has approved refining… Read more »

Nigeria: Trump's Erratic Policies Responsible for Fall in Crude Oil Price - Nigerian Regulatory Agency

Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has disclosed that the recent tariff policies by US… Read more »

Nigeria: Despite Decline, Nigeria's Oil Production Tops Africa's Chart in March - OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) report has indicated that Nigeria retained its position as the largest crude oil producer in Africa in March. Read more »

Nigeria: AKK Pipeline 72% Completed - NNPC

The Nigerian National Petroleum Company Limited (NNPC) has disclosed that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project is now 72 percent completed. Read more »

Nigeria: Dangote Reduces Petrol Price to N865 Per Litre

Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to N865 per litre. Read more »

Nigeria: Lift Ban On Fuel Restrictions to Border Areas, FG Told

The Eselu of Eselu Kingdom in Yewa North Local Government Area of Ogun State, Oba Akintunde Akinyemi, has called on President Bola Tinubu to lift ban on fuel restrictions to the… Read more »

Nigeria: $1.12bn Asset Deal - Seplat CEO Speaks On Ramping Up Production to 120,000 Bpd

An indigenous oil company, Seplat, is poised to increase oil production with the recent acquisition of the assets of ExxonMobil worth $1.28bn. Read more »

Nigeria: U.S. Tariff Imposition May Disrupt Nigeria's Non-Oil Exports - Govt

The Federal Government of Nigeria has finally responded to the recent imposition of a 14% tariff on Nigerian exports by the United States by stating its commitment to mitigating… Read more »

Nigeria: Tinubu Sacks Kyari, NNPC Board Chair

President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing its Group Chief Executive Officer, Mele Kyari… Read more »

Nigeria: Ogoni Demands 20 Percent Revenue From Oil Operators

The President of the Movement for the Survival of Ogoni People, MOSOP, Fagelo Nsuke, said the people of Ogoni are demanding a 20% revenue from oil companies operating from its… Read more »

Nigeria: Stability in Rivers Vital to Achieving 2.2mbpd Oil Production - NESG

The Chief Executive Officer of the Nigeria Economic Summit Group, Dr Tayo Aduloju, has stated that the guarantee to achieve crude oil production target of 2.2 million barrels per… Read more »

Nigeria: Why Shell's $2.4bn Assets' Sale to Renaissance Is Generating Row

In October 2024, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approved Seplat Energy's purchase of Exxon Mobil's onshore assets valued at $1.28bn after over two… Read more »

Nigeria: Dangote, NNPCL Back to Negotiation Over Naira-for-Crude Deal

The Nigerian National Petroleum Company Limited (NNPCL) on Monday said discussions are currently ongoing towards emplacing a new naira-for-crude contract with local refiners. Read more »

Nigeria: Ogoni Demands Licensing of Indigenous Companies As Condition for Oil Exploration

The people of Ogoni ethnic nationality have called on the federal government to grant indigenous companies of Ogoni extraction licences to drill oil. Read more »

Nigeria: Dangote Reduces Petrol Price to N825

Marketers expressed excitement yesterday following the reduction in ex-depot price of Premium Motor Spirit (PMS) also known as petroleum by Dangote Petroleum Refinery &… Read more »

Africa: Unlocking Africa's Full Oil Potential, Utmost Priority for Opec - Secretary General

...Nigeria key destination for sustainable investments - Tinubu Read more »

West Africa: Nigeria's Oil Production Now 1.75m Bpd - FG

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria's oil production has increased from about 1 million barrels per day (bpd) to 1.75… Read more »