Industry

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun The Federal Government has announced plans to prioritise critical spending and increase oil production as a response to falling global oil prices, which…
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Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that Nigeria’s crude oil production rose to 1.48 million barrels per day (bpd) in April 2025, marking a modest increase from 1.40 million bpd recorded in March,…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reiterated the federal government’s commitment to ensuring a steady supply and smooth distribution of petroleum products across the country. Speaking…
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Modular refinery operators in Nigeria have expressed frustration over their exclusion from the federal government's naira-for-crude oil initiative, a policy designed to bolster local refining by allowing domestic crude purchases in the…
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The African Energy Council (AEC) has raised concerns that the continued wave of media trials, investigations, and public scrutiny in Nigeria’s oil and gas industry is doing more harm than good, warning that such patterns are hampering…
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At the 2025 Africa CEO Forum, influential leaders from across the continent united to advocate for private sector-led growth as the cornerstone of Africa’s economic integration and transformation. The session, titled “Fast-tracking…
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Nigeria has secured over $8 billion (approximately ₦12.8 trillion) in investments in deepwater and gas projects over the past year, according to the Presidency. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu,…
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Nigerian National Petroleum Company Limited The World Bank has revealed that the Nigerian National Petroleum Company Limited has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to…
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The World Bank says Nigeria could boost its customs revenue by 66 percent if the federal government eliminates arbitrary tariff deviations and import bans. In its Nigeria Development Update (May 2025 edition), the World Bank warned…
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*Heineken Lokpobiri with Shane Harris. In a renewed push to ramp up Nigeria’s oil production and attract fresh capital into the sector, the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has declared that…
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