May 04
Nigeria: After $2.39bn Flop, NNPCL Signs Fresh Contract for Completion of Port Harcourt, Warri Refineries
The Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng… Read more »
May 03
Nigeria: Dangote Denies Claims On Refinery Financing, 'Rift' With Elumelu
Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from the Chairman of United Bank for Africa (UBA)… Read more »
April 29
Nigeria: UAE Opec Exit - Nigeria Under Pressure to Raise Output
The United Arab Emirates on Tuesday announced its decision to exit OPEC and the broader OPEC+ alliance, citing the need to prioritise "national interests" amid rising global energy… Read more »
April 23
Nigeria: Jet Fuel - Minister Meets Airline Operators, to Address Marketers Today
The federal government said it is considering granting a discount on the debt owed by Airline Operators of Nigeria (AON) who have also demanded an explanation from oil marketers… Read more »
April 21
Nigeria: Jet A1 - Europe Turns to Nigeria, 525m Litres Exported in 50 Days
As jet fuel shortages loom over Europe ahead of the peak summer travel season, attention has increasingly shifted to alternative suppliers, with Nigeria emerging as a critical… Read more »
April 15
West Africa: 'Why Nigeria Continues to Miss Opec Quota'
The Nigerian National Petroleum Company Limited and its partners operating in the upstream industry have continued to miss the 1.5 million oil production quota given to the county… Read more »
April 16
Nigeria: Airlines Threaten Shutdown Over Hike in Aviation Fuel Price
Domestic airlines in Nigeria have threatened to suspend operations from Monday, April 20, 2026, following a sharp spike in the price of aviation fuel, raising concerns over a… Read more »
April 15
Nigeria: Rising Oil Prices - Govt Rules Out Return of Fuel Subsidy
The Federal Government has ruled out any return of petrol subsidy in Nigeria, despite the recent surge in global oil prices driven by escalating tensions in the Middle East. Read more »
April 13
Nigeria: NNPC Funded My Lifestyle, Diezani Tells UK Court
Former Minister of Petroleum Resources, Diezani Alison-Madueke, has told a UK court that she neither solicited nor received bribes during her time in office. Read more »
April 09
Nigeria: Pipeline Security Increased Oil Output From 900,000 to 1.8m Barrels - Ojulari
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC), Engr. Bashir Bayo Ojulari, has stated that national crude oil production has grown from a… Read more »
April 10
Nigeria: ExxonMobil Plans FID On $8bn Owowo Project Next Year
ExxonMobil has expressed plans to take a final investment decision (FID) on its $7bn-$8bn Owowo deepwater project as early as next year, following high-level discussions with the… Read more »
April 07
Nigeria: Why Nigeria Is Borrowing Despite Subsidy Removal - Budget Office
The Budget Office of the Federation has said Nigeria's continued borrowing to fund its budget should not be seen as a weakness, noting that many countries rely on borrowing to… Read more »
April 01
Nigeria: Afreximbank Underwrites $2.5bn Loan for Dangote Refinery
African Export-Import Bank (Afreximbank) says it has underwritten $2.5billion out of a $4billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE… Read more »
March 31
Nigeria: Implications of the US-Israel-Iran Conflict and Strait of Hormuz Disruption for Inflation in Nigeria
This brief presents an analysis of the potential macroeconomic implications of the US-Israel-Iran conflict on Nigeria. The results of the exposure of Nigeria to the conflict from… Read more »
April 01
Nigeria: Court Orders Final Forfeiture of ₦3.4bn, Properties Linked to Alleged NNPC Fraud
The Federal High Court in Abuja on Tuesday, made an order of final forfeiture of three properties and N3. 4 billion cash linked to allegations of fraud perpetrated at the Nigerian… Read more »
March 30
Nigeria: Mixed Reactions Over Proposed Unified Ministry for Power, Petroleum
Stakeholders in the nation's economy have expressed mixed reactions over the recent proposal by the Nigeria Labour Congress (NLC) to merge the Federal Ministry of Petroleum and the… Read more »
March 25
Africa: Why Africa Remains Dependent On Hydrocarbons - NNPC
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has stated that Africa remains dependent on hydrocarbons for revenue and foreign exchange, making… Read more »
Nigeria: What FG Can Do to Bring Down Petrol Price - Experts
As Nigerians continue to grapple with rising petrol prices amid global oil market volatility, energy experts have outlined a mix of immediate, medium-term, and long-term measures… Read more »
Nigeria: Navy Nabs 8 Suspected Oil Thieves in Rivers
The Nigerian Navy Ship, NNS Pathfinder, has arrested eight suspected oil thieves and seized 44,000 litres of illegally refined Automotive Gas Oil (AGO) in Rivers State. Read more »
Nigeria: OPL 245 - Govt Tackles Atiku, Defends Deal As Landmark Resolution
The Federal Government has dismissed claims by former Vice-President, Atiku Abubakar, over the resolution of disputes surrounding the OPL 245 oil block, describing the criticisms… Read more »
March 23
Africa: Oil Prices Fall As Trump Halts Planned Strikes On Iranian Power Plants
Global oil prices recorded a sharp decline on Monday after Donald Trump stepped back from threats to bomb Iranian power plants. Read more »
March 24
Nigeria: Nigeria Exports N47.4trn Crude Oil in 2025 As Petrol Import Drops to N8.9trn
Nigeria exported crude oil worth N47.43trn in the 12 months of 2025, analysis of trade statistics by the National Bureau of Statistics (NBS) has shown. Read more »
March 23
Nigeria: Dangote Refinery Sells PMs Cargoes to Cote d'Ivoire, Cameroon, 3 Others
The Dangote Petroleum Refinery has strengthened Nigeria's presence in the regional energy market with the sale of 12 cargoes, totalling 456,000 tonnes (456KT) of refined petroleum… Read more »
Nigeria: Oil Theft - Niger Delta Stakeholders Want Pipeline Security Decentralised
Stakeholders under the Niger Delta Roundtable have called on President Bola Ahmed Tinubu to decentralise pipeline surveillance contracts, warning that the current centralised model… Read more »
Nigeria: Nigerians' Woes Deepen As Petrol Hits N1,400/L
The steady rise in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, has intensified economic hardship across Nigeria, with prices climbing to nearly N1,400… Read more »
