Nigeria’s oil sector

“Forget the BRIC’s, the next decade is going to be about the MAVINs” While researching this piece, we came across a 2010 article on Business Insider which spoke about how the focus on…

Nigeria is struggling to swing the current rally in oil prices in its favour due to the inability to attract investments for active exploration and perennial operational issues that have…

Timipre Sylva, minister of State for Petroleum Resources, has launched the US$50 million Nigerian Content Research and Development, R&D, fund a breath of fresh air in a country where…

Some of the biggest consumers of Nigeria’s crude oil such as Spain, Netherlands and France will no longer consider petrol as a priority in the next 14 years, thanks to an ambitious European…

In a bid to attract more investment, Nigeria is renegotiating commercial contract terms in its proposed oil reform bill in a move it hopes will keep investment flowing into a sector crucial…

Nigeria’s energy sector in 2020 was challenged by the outbreak of COVID-19, which led to the shutdowns of factories and airlines, and consequently a crash of oil prices, sending the creaking…

The Nigerian government says it has deregulated the petroleum downstream sector since March to allow oil marketers resume importation and sale of petrol, but marketers say without the…

The decision by Organization of Petroleum Exporting Countries (OPEC) to make sure members remain strict on its production quota, are indications that Nigeria’s economic situation will bite…

It wasn’t all gloom and doom for Nigeria’s oil and gas sector in 2019. Despite recording some not-so-impressive news, the year was an eventful one for the country’s oil and gas sector…