March 18
Nigeria: 50 Oil Blocks - NUPRC Notifies Pre-Qualified Applicants
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the completion of the pre-qualification stage of the 2025 Licensing Round. Read more »
March 17
Nigeria: Oil Eases As Market Focuses On Strait of Hormuz
Oil prices dipped on Monday as investors focused on the crucial Strait of Hormuz and the head of the IEA said more crude could be released to the market if necessary. Read more »
March 16
Nigeria: 2027 - Oil, Gas Communities Back Tinubu for Second Term
A coalition of oil and gas producing communities under the aegis of Communities of Oil and Gas in Nigeria (COGIN) has declared their support for the re-election of President Bola… Read more »
Nigeria: Fuel Price Hike - Labour Seeks Tax Relief
The Nigeria Labour Congress (NLC) yesterday demanded a cost-of-living allowance, a wage award for workers and tax relief to cushion the effects of the recent increase in the price… Read more »
March 12
Nigeria: NNPC Cuts Petrol Price By N100 in Lagos, N95 in Abuja
The Nigerian National Petroleum Company Limited has reduced the pump price of petrol at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja. Read more »
March 11
West Africa: Nigeria Week Ahead - Equities Sink, Oil Surpasses $100, Cpi in Focus
Oil prices spiked to just above $120 over the weekend as escalations of the Israel -US-Iran war intensified, with key energy installations targeted. Read more »
March 10
Nigeria: US Ultimate Goal Is Oil Control, Not Peace - Iranian Envoy
The Iranian Ambassador to Nigeria, Gholamreza Mahdavi Raja, has accused the United States of using the ongoing conflict with Iran to secure control over the country's energy… Read more »
Nigeria: M/East Crisis - What Oil Windfall Means for Nigeria
Stakeholders in Nigeria's economy have outlined key priorities for the country to maximise potential gains from the escalating crisis in the Middle East. Read more »
Nigeria: Production Increases to 1.64m Bpd As NNPC Generates N2.57trn
The Nigerian National Petroleum (NNPC) Limited said crude oil production increased to 1.64m in the month of January from the 1.55m barrels produced per day in December 2025. Read more »
Nigeria: Petrol Hits N1,300/L As Dangote Increases Price
Nigerians are facing fresh economic strain as the pump price of Premium Motor Spirit (PMS), popularly known as petrol, climbed to about N1,300 per litre in parts of the country. Read more »
Nigeria: Us Ultimate Goal Is Oil Control - Iran Ambassador
The ambassador of Iran to Nigeria, Ambassador Gholamreza Mahdavi Raja, spoke with Daily Trust on Monday on the ongoing crisis in the Middle East. Read more »
March 11
Nigeria: Fuel Crisis Deepens, Economists Tell Govt to Act
Economic and energy experts have called on the federal government to take immediate steps to cushion the effect of the rising cost of petroleum product triggered by the ongoing war… Read more »
March 09
Nigeria: M/East War Pushes Up Petrol, Food Prices
Escalating tensions in the Middle East are beginning to ripple across Nigeria's economy as rising global crude oil prices push up the cost of petrol, triggering increases in… Read more »
Nigeria: What Resolution of 30-Year OPL 245 Dispute Means for Nigeria - Govt
The federal government has said the resolution of the long-running dispute over OPL 245 marks a significant turning point for Nigeria's economy, the oil and gas sector, and the… Read more »
Nigeria: States Reject Removal of Power Subsidy, Others From Federation Account
States governments under the Federal Account Allocation Committee (FAAC) Postmortem Sub-Committee have expressed concern on the growing scale of deductions from federation… Read more »
March 05
Nigeria: Tinubu Resolves OPL245 Dispute With Eni, Unlocks Deepwater Investment
President Bola Tinubu on Thursday announced the successful conclusion of a settlement agreement between the Federal Government, Eni and Nigerian Agip Exploration Limited over Oil… Read more »
March 04
Nigeria: Why Cross-Border Fuel Smuggling Persists - Customs Cg
The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi has stated that cross-border fuel smuggling continues largely because of price differentials… Read more »
Nigeria: Petrol Rises to N980/L Across States
From Abdullateef Aliyu, Peter Moses, Dotun Omisakin and Muhammad Musbau, Lagos; Ahmad Datti, Kano and Philip Shimnom Clement (Abuja) Read more »
March 03
Nigeria: Oil Prices Surge to $84 As Supply Risk Deepens
Global oil prices soared on Tuesday, with Brent crude climbing above $84 per barrel, as escalating tensions in the Middle East heightened fears of prolonged conflict and potential… Read more »
March 02
Nigeria: Oil&gas - Nigeria Tightens Local Content Rules, Rejects 186 Expatriate Slots
The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) has stated that it approved 1,417 of the 1,603 expatriate quota applications it… Read more »
Nigeria: Fuel Price May Rise As Middle East Tensions Escalate
Rising tensions in the Middle East, triggered by ongoing US and Israeli attacks on Iran, may push fuel prices higher in Nigeria, as crude oil prices reached $72.87 per barrel on… Read more »
February 25
Nigeria: U.S. Jails Ex-NNPC Executive Over $2.1m Bribe
A United States district court has sentenced Paulinus Okoronkwo, a former senior executive of the Nigerian National Petroleum Corporation, to 87 months in federal prison over a 2.1… Read more »
Nigeria: NNPC to Begin Export of New Crude Oil Grade in March
The Nigerian National Petroleum Company Limited (NNPCL) says it will start exporting a new light, sweet crude grade called Cawthorne from March. Read more »
February 23
Nigeria: Executive Order - NUPENG Demands Clarity On Jobs, Local Content
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is seeking clarification on job security concerning President Bola Tinubu's recent Executive Order directing the… Read more »
February 24
Africa: June Take-Off of Energy Bank Raises Africa's Oil and Gas Future
Last week's handover of the $5billion African Energy Bank Headquarters in Abuja, represents a significant milestone and historic match to energy security and sustainability in… Read more »
