- Tuesday, June 09, 2026
BusinessDay
Angola, Libya and Algeria produced more crude oil than Nigeria in September as Africa’s largest economy saw its output dip...
The Forcados Oil Terminal will resume export operations by the end of October after repairs are completed, Shell Petroleum Development...
The acquisition of Atala Field (Formerly Oil Mining Lease 46) followed due process after its previous owners failed to develop...
Nigeria’s external reserves have maintained a steady decrease, declining to $38.07 billion as of October 7, 2022, data obtained from...
Nigeria’s dwindling crude output has forced its state-owned energy company, Nigerian National Petroleum Company Limited (NNPC), to defer payments to...
The Nigeria Extractive Industries Transparency Initiative (NEITI), a transparency watchdog, has said that Nigeria’s oil reserves can last for the...
The 650,000-barrels-per-day Dangote refinery is expected to boost Nigeria’s external earnings by drastically reducing imports of fuel, contributing to the...
The Nigerian National Petroleum Company Limited (NNPC) posted its second consecutive annual profit of N674.1 billion in the 2021 financial...
In January 2021, Tony Elumelu’s TNOG Oil & Gas Limited bought a 45 percent stake in Oil Mining Lease (OML)...
One year after the passage of a law crafted with the objective of attracting new investments, major international oil companies...
President Muhammadu Buhari spent most of his first term blaming the Peoples Democratic Party for squandering an oil windfall when...
Nigeria’s oil resources may be dwindling faster than expected, with promising fields turning up empty as seen in the latest...
The rising crude oil theft overwhelming Nigeria’s energy business is biting deeper as the volume of gas the Nigeria LNG...
On Tuesday, European nations investigated a mysterious leak in two Russian gas pipelines that cross the Baltic Sea close to...
Global energy giant, Shell has made its first power sector acquisition in Africa with its acquisition of a major renewable...
