Oil sector local content hits 61% as Nigeria targets export-ready companies
Nigeria’s local content level in the oil and gas industry has risen from about...
Oil & Gas
Nigeria courts $50bn oil investment as Pertamina eyes offshore assets
Nigeria is stepping up efforts to attract a new wave of oil and gas investment,...
Nigeria captures 38% of Africa’s upstream investment
Nigeria is emerging as Africa’s leading destination for upstream oil and gas capital, accounting for...
OPEC+ holds November output as Nigeria sustains crude production gains
OPEC+ has paused further increases in crude oil supply for November, keeping production requirements for...
Nigeria locks in $3.5bn gas projects as government targets $30bn investment
Nigeria has secured about $3.5 billion in committed investment in four major gas projects as...
East Africa gets $16bn refinery boost as Lamu project targets 60,000 jobs
East Africa’s drive to reduce dependence on imported petroleum products has received a major...
NNPC profit jumps 33% to N7.2trn as revenue falls 24%
The Nigerian National Petroleum Company Limited (NNPC) increased its profit after tax by 33...
Nigeria draws fresh upstream investment as $800m gas project takes FID
Nigeria’s oil and gas industry is attracting fresh investment interest as an $800 million offshore...
Petrol stays above N1,300 as cross-border price gap fuels smuggling-Dangote
The wide price gap between Nigeria and neighbouring countries is sustaining petrol smuggling and contributing...
Bonny Light tops $115 as Saudi pipeline shutdown stokes oil supply fears
Nigeria’s Bonny Light crude has climbed above $115 a barrel as escalating tensions in the...
