Nigeria: Adeniyi - NCS Enforcing Fiscal Measures That Promote Shift From Fossil Fuel

The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has said the service is committed to enforcing fiscal measures that will promote a shift away from… Read more »

West Africa: Nigeria Underproduces Crude By 46.4m Barrels in 4 Months in Threat to 2025 Budget

Nigeria's crude oil production slumped by an estimated 46.4 million barrels in the first four months of 2025, spanning January to April, a development seen as a key threat to the… Read more »

Nigeria: NUPRC Excited As Conoil Lifts First Cargo of Obodo Oil Blend

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has congratulated Conoil Producing Limited on the successful shipment of the first cargo of the Obodo crude blend. Read more »

Nigeria: Fuel Subsidy Savings - A Lifeline for Nigerians or Another Lost Opportunity

Amid the World Bank's call for accountability, Nigeria must urgently review the deployment of fuel subsidy savings to improve citizens' lives, writes Festus Akanbi Read more »

Nigeria: Brazil's Petrobras Mulls Return to Nigeria's Oil Sector, Targets Deep-Water Acreage

The state oil company of Brazil, Petrobras, is seeking to re-enter Nigeria's oil sector, with a specific interest in frontier deep-water acreage. Read more »

Nigeria: Govt Sues Pan Ocean for $49.9m in Unpaid Oil Royalties

The federal government has reignited its legal battle against Pan Ocean Oil Corporation (Nigeria) Limited over the alleged non-payment of $49,936,088.31 in oil and gas royalties,… Read more »

Nigeria: World Bank Urges Full Transfer of Subsidy Removal Revenues to Federation Account

The World Bank has called for the complete transfer of revenue gains from the total removal of fuel subsidy into the Federation Account. It said despite the full subsidy removal in… Read more »

Nigeria: Despite Mounting NPLS, Nine Banks' Exposure to Oil & Gas Increase to N15.6trn

Amid growing Non-Performing Loans (NPL) and unstable global oil prices, a total of nine banks' exposure to the Oil & gas sector increased to N15.6 trillion in 2024,… Read more »

Nigeria: AT - 13.20 Percent, NGX Oil & Gas Index Remain Worst Performing Indicator

For closing at -13.20 per cent in the first four months of 2025, the Nigerian Exchange Limited (NGX) Oil & Gas Index has maintained its position as the worst performing… Read more »

Nigeria: NUPRC Pledges Support As Exxonmobil Commits to $1.5bn Deepwater Investment

ExxonMobil has affirmed its long-term commitment to Nigeria's oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development, putting… Read more »

Nigeria: Shell Considering Acquisition of BP in Landmark Deal - Report

Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further stock and oil price declines before deciding whether to… Read more »

Nigeria: Dangote Visits Tinubu, Hails President's Key Changes in Oil Sector

President of the Dangote Group, Aliko Dangote, at the weekend visited President Bola Tinubu in Abuja, lauding him for what he described as his recent 'revolutionary changes' in the… Read more »

Nigeria: Court Orders Shell to Stop Gas Flaring

A Benin High Court yesterday decided that Shell must stop gas flaring in the Iwherekan community in Delta State, by April 2007. Read more »