Aradel Cuts Net Debt by 70 Per Cent as the icompany strengthened its balance sheet in the first half of 2026, reducing net debt to N46.5...
Dangote Petroleum Refinery and Petrochemicals FZE has raised $2.5 billion through what it described as Africa’s largest publicly disclosed primary equity placement, marking a milestone in...
The Federal Government has paid N333 billion to electricity generation companies (GenCos) under the first phase of its power sector debt financing programme, as it moves...
The Federal Government has disclosed that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round will be returned to the licensing...
Nigeria’s downstream petroleum market entered a new phase on Sunday after the Dangote Refinery adopted US dollar-denominated pricing for its petroleum products, a move expected to...
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project, a move expected to unlock about $20bn...
Nigeria oil production climbed to a six-year high in June 2026, exceeding the country’s Organisation of the Petroleum Exporting Countries (OPEC) quota for the fourth consecutive...
Nigeria could record stronger oil revenues in 2026 as higher crude prices driven by the conflict in the Middle East improve earnings for oil-exporting countries, but...
UTM Offshore has secured a 15-year gas supply agreement for its planned $3 billion Floating Liquefied Natural Gas (FLNG) project, marking a major milestone towards reaching...
Dangote Group has revealed plans to finance its proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated funds, bond issuances and...
Says country missed opportunity to become alternative supplier as Europe sought new energy sources The Independent Petroleum Producers Group (IPPG) has said Nigeria failed to seize...
The Nigerian National Petroleum Company (NNPC) Limited says it has saved $3.4 billion through contract restructuring and operational reforms over the past 14 months, while remitting...
Renaissance Africa Energy Company Limited has announced a significant hydrocarbon discovery at the JK-004 exploration well in Oil Mining Lease (OML) 74, marking its first major...
The Federal Government has commissioned global professional services firm PricewaterhouseCoopers (PwC) to undertake a comprehensive benchmarking of the more than 270 fees, taxes and statutory charges...
The Nigerian National Petroleum Company Limited (NNPC) has disclosed that it saved $3.4 billion through contract restructuring and optimisation initiatives between April 2025 and July 2026,...
By Àkànní Olúwaségún Michael Nigeria recorded a significant increase in drilling activity in the first quarter of 2026, with the number of active oil rigs rising...
By Àkànní Olúwaségún Michael The Federal Competition and Consumer Protection Commission (FCCPC) has warned petroleum marketers that it will investigate any evidence of anti-competitive conduct or...
