Nigeria: EFCC Returns N3.9bn Stolen Funds to NNPC

Receiving the funds on behalf of NNPC Ltd, Executive Vice President, Downstream, Mumuni Dagazau, praised the EFCC for its role in the recovery. Read more »

Africa: Middle East Crisis - What It Means for Oil-Rich but Refining-Poor African Economies, By Adewale Sanyaolu

The lesson from every Middle East crisis is clear: global energy shocks will continue to occur, and their effects will continue to reverberate across the world. For Africa's… Read more »

Nigeria: Navy Destroys Illegal Refinery in Rivers, Intercepts Stolen Petroleum Products in Calabar - Official

The Director of Naval Information, Abiodun Folorunsho, disclosed this in a statement on Sunday in Abuja. Read more »

Nigeria: How Fuel Subsidy Removal Worsened Nigerian Poverty Levels - Report

Nigeria's recent policy reforms, including fuel subsidy removal, have worsened poverty, highlighting the need for stronger social protection programmes to support vulnerable… Read more »

Nigeria: Countries Agree On Historic Release of Crude Reserves to Lower Oil Prices

Countries belonging to the International Energy Agency have agreed to release 400 million barrels of emergency oil reserves to stabilise global markets amid supply disruptions… Read more »

Nigeria: Nigeria Posts ₦1.71 Trillion Trade Surplus in Q4 2025 As Crude Oil Exports Fall - NBS

While Nigeria sustained a positive trade balance in the fourth quarter of 2025, total merchandise trade fell, largely due to lower crude oil export earnings. Read more »

Nigeria: Amid Oil Well Dispute, Eno Says Akwa Ibom, Cross River Remain 'Brothers'

The governor said Akwa Ibom residents living in Cross River should continue to pray for the peace and progress of Cross River. Read more »

Nigeria: Rivers State HCDTs Struggle With Transparency, Inclusion, Energy Transition - Report

A new assessment revealed deep governance gaps, weak environmental action, and poor energy-transition planning among Host Community Development Trusts in Rivers State despite the… Read more »

Nigeria: MOSOP Seeks Compliance With Wetlands Protection in Ogoniland Oil Plans

The MOSOP president stated that the Ramsar Convention on Wetlands Secretariat's recognition placed Ogoniland in the global network of wetlands, whose ecological integrity must be… Read more »

Nigeria: Keyamo Suspends Helicopter Landing Fee Enforcement for Two Months

The Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered a two-month suspension of the enforcement and collection of helicopter landing fees imposed on oil… Read more »

Nigeria: Dangote Refinery to Focus On Domestic Fuel Supply Security As Oil Price Volatility Rages

"We will prioritise domestic supply and continue to ensure that Nigeria enjoys what it has enjoyed only for the last 18 months, two years, and that" It is fuel abundance and not… Read more »

Nigeria: Again, Dangote Refinery Raises Petrol Gantry Price As Iran Conflict Rattles Oil Market

The Dangote Petroleum Refinery has increased its petrol gantry price by N121 to N995 per litre, citing rising crude costs and supply disruptions linked to the escalating United… Read more »

Nigeria: Tinubu Announces 'Historic' Deal to End Decades-Long OPL 245 Controversy

The presidency said the agreement paves the way for a development that could add approximately 150,000 barrels per day to the country's production capacity. Read more »

Nigeria: Dangote Refinery Explains N100 Petrol Price Increase Amid Crude Price Surge

The Dangote Petroleum Refinery says the recent N100 increase in its petrol ex-depot price was driven by rising global crude oil prices and supply disruptions linked to geopolitical… Read more »

Africa: Oil Prices Jump 9 Per Cent Amid Us/Israel War On Iran

On Monday morning, Brent crude climbed 9 per cent to $79.41 per barrel from $72.87 on Friday -- a seven-month high -- based on figures from FactSet. Read more »

Nigeria: Tinubu to Propose Amendment to PIA - Senate Committee

The committee explained that the drive to enhance revenue generation through the executive order would prompt the president to propose the necessary amendments to the Petroleum… Read more »

Nigeria: U.S. Court Sentences Ex-NNPC Official to 87 Months Over $2.1m Oil Bribery Scandal

Mr Okoronkwo, a dual citizen of the United States and Nigeria, previously served as General Manager of the Upstream Division of the NNPC Read more »

Nigeria: Ex-Senator Lists Role in Resource Control Struggle, Warns Against Akwa Ibom Losing Oil Wells

Mr Akpanudoedehe revisited the 76 oil wells controversy, accusing a federal committee of compromise, warning Governor Eno against losing the wells. Read more »

Nigeria: 76 Oil Wells Controversy - Ex-Senator Faults Eno, Alleges Compromise

The dispute over the controversial 76 oil wells intensified as Akwa Ibom reaffirmed its faith in the Supreme Court rulings, while Cross River insisted on fairness. Read more »

Nigeria: Special Report - How Gas Flaring Turns Akwa Ibom's Oil Communities Into a Furnace

In three Akwa Ibom oil communities, families now live within metres of blazing gas flares that have turned night into daylight, poisoned air and water, and exposed the widening gap… Read more »

Nigeria: Gas Flaring in Nigeria - Why Compliance Still Lags

Until gas utilisation is enforced as a condition of operation, rather than encouraged as a policy preference, flaring will remain an accepted inefficiency. Read more »

Nigeria: Tinubu Orders Direct Remittance of Oil, Gas Revenues to Federation Account

President Tinubu said the order is meant to safeguard and enhance oil and gas revenues for the federation, curb wasteful spending, eliminate duplicative structures in the sector… Read more »

Nigeria: Tinubu Signs Executive Order That Slashes NNPC's Revenue, Directs Remittance to Federation Account

NNPC Limited will no longer collect and manage the 30 per cent Frontier Exploration Fund. Read more »

Nigeria: Dangote Refinery Hits 650,000 Bpd Capacity

An official said that all remaining processing units will begin their respective performance test runs in Phase 2, scheduled to commence next week. Read more »

Nigeria: Inside Nigerian Military's Strategy, Successes Against Oil Theft

A military official noted that Nigeria's crude oil production, which averaged 1.4 to 1.5 million barrels per day before 2025, rose to about 2.2 million barrels per day by December… Read more »