Oil and Gas
Nigeria saved over N6 trillion from reduced fuel imports in nine months – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that Nigeria saved over N6 trillion from reduced petroleum...
African Energy Bank to raise $15bn by 2030 – APPO
The Association of Petroleum Producers’ Organisation (APPO) says African Energy Bank (AEB) is being positioned to raise about $15 billion...
FG targets 10bscfd gas production by 2030
The Federal Government says Nigeria is targeting gas production of 10 billion Standard Cubic Feet Per Day (BSCFD) by 2030,...
Nigeria hands over AEB Headquarters
Nigeria has officially handed over the African Energy Bank (AEB) headquarters, a flagship institution to mobilise capital for the continent’s...
Nigeria’s oil exports to drop as Bonga FPSO undergoes maintenance
Nigeria’s oil exports will fall by 225,000 barrels per day in February following the shutdown of the Bonga FPSO for...
NUPRC opens 50 oil blocks for bidding
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opened 50 oil and gas blocks across five sedimentary basins for bidding...
NNPC confirms successful exploration of Awodi-07 oil well
The Nigerian National Petroleum Company Limited has confirmed the successful completion of the Awodi-07 appraisal and exploration well in the...
Nigerians spent N1.58 trillion on petrol in December 2025 – NMDPRA
A report by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Nigerians spent an estimated N1.58...
Petrol daily domestic supply hits 74.2 million litres in December – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the daily domestic supply of Premium Motor Spirit (PMS) rose...
FG enforces 0.5% levy on petrol wholesalers
The Federal Government has begun the enforcement of the 0.5 per cent levy on the wholesale price of petroleum products...