The Nigerian National Petroleum Company Limited (NNPC) reported lower earnings in May 2026, even as crude oil and natural gas production remained largely stable. According to the company’s latest Monthly Report Summary, NNPC revenue fell…

Nigeria has recorded its highest crude oil production level in five years, with output reaching 1.71 million barrels per day (bpd) between April 2025 and April 2026, according to the Nigerian National Petroleum Company Limited. The figures…

Nigeria is poised for a significant revenue boost following a sharp rise in the price of its crude oil grades, which have climbed well above the global benchmark, Brent Crude. Market data on Thursday showed that Nigeria’s premium crude…

The Nigerian government and an Indian Conglomerate, Rashmi Metaliks Group, have signed a $1 billion investment Memorandum of Understanding (MoU) on steel production, set to span three years. The MoU, signed by the Minister of Steel…

Nigeria could boost its crude oil production by an additional 100,000 barrels per day in the coming months, according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bashir Bayo Ojulari. Ojulari…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported an increase in Nigeria’s crude oil and natural gas production for January 2026, even as the company’s overall revenue dropped sharply during the same period. Details…

Nigeria is preparing to expand its crude oil offerings to the global market with the introduction of a new light, sweet grade known as Cawthorne, as part of renewed efforts to strengthen output and consolidate recent production gains.…

The Federal Government has moved to make Nigeria’s oil and gas sector more attractive by significantly lowering entry costs for companies participating in the 2025 oil licensing round. The Nigerian Upstream Petroleum Regulatory Commission…

Africa’s richest industrialist, Aliko Dangote, has urged entrepreneurs across the continent to make Africa their primary investment destination, insisting that sustained local investment is the foundation for attracting meaningful foreign…

President Bola Tinubu is to commission the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State; a facility touted as the first new crude export infrastructure to be built in Nigeria in over 50 years. The event,…