- Tuesday, June 30, 2026
BusinessDay
Zenon Petroleum and Gas Limited has won an arbitration case instituted by Ignite Investment Limited in the London Court of...
Worried by the ongoing Russia/Ukraine war, stakeholders and African Refiners and Distributors Association (ARDA) have urged governments on the continent...
After years of claiming that Nigeria does not have a serious debt crisis, the government is now considering restructuring its...
Nigeria’s oil production could rise above 1.6 million barrels per day (bpd) with the return of Shell’s Trans Niger Pipeline...
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...
