IEA: Global Oil Supply Outstrips Demand in 2026
The International Energy Agency reports a growing oil supply surplus, forecasting a 4 million bpd oversupply by 2026. Discover the market implications for Nigeria.
Category : Search result: Nigeria oil industry
Nigeria's Oil Reforms Earn Regional Praise
West Africa think tank hails NUPRC's bold leadership in transforming Nigeria's oil sector through transparency and innovation. Learn how reforms boost investor confidence.
Nigeria loses $15bn annually to oil theft
Experts reveal Nigeria loses $15 billion yearly to oil theft, undermining Tinubu's reforms and economic growth. Urgent action is needed to secure the nation's energy future.
Nigeria Opens 2025 Oil Licensing Round December 1
Nigeria's NUPRC launches 2025 oil licensing round on December 1, earning praise for transparency and potential to boost production beyond 2 million barrels daily.
Nigeria Sets December 1 for 2025 Oil Licensing Round
NUPRC confirms 2025 oil licensing round starting December 1, aiming to boost Nigeria's crude production and create new investment opportunities. Learn how this could transform Nigeria's energy sector.
Nigeria May Sell NNPC Assets Amid Oil Production Crisis
Federal Government considers selling NNPC assets as crude output plummets. Presidential adviser reveals restructuring plans to revive Nigeria's energy sector. Read more.
Viral Video: Who Told Trump About Nigeria's Oil?
A South African woman's viral TikTok video questions Donald Trump's true motives behind his threat to send troops to Nigeria, suggesting oil interests rather than Christian protection.
Northern Leaders Applaud Tinubu's Oil and Gas Reforms
Stakeholders at North West civic conference commend President Tinubu for Petroleum Industry Act implementation, citing transparency and investment growth. Read more.
Spyro Blasts Silent Nigerian Music Colleagues
Nigerian singer Spyro calls out music industry colleagues for remaining silent amid national challenges, urging collective action and unity in the entertainment sector.
Nigeria's Oil Production to Jump 1M Barrels with EMEM FPSO
Nigeria's oil industry receives major momentum as the EMEM FPSO initiative promises to revolutionize production capacity, adding one million barrels per day to national output and strengthening economic growth.
NLNG ₦200K Arts Prize for Young Nigerian Filmmakers
Nigeria LNG Limited announces groundbreaking ₦200,000 Creative Arts Prize targeting young filmmakers. Discover how to apply for this life-changing opportunity in Nigeria's creative industry.
Nigeria's Oil Reserves Risk Becoming Stranded Assets
Energy specialists warn Nigeria faces economic disaster as lack of local expertise and unstable policies threaten to leave billions in oil reserves untapped and worthless.
Matrix Energy Appoints Umunna as Group DMD
In a strategic move to accelerate growth, Matrix Energy Group has announced the appointment of Chukwunonso Umunna as Group Deputy Managing Director, bringing over 15 years of energy sector expertise to drive the company's expansion agenda across Nigeria a
High Taxes Threaten Nigerian Airlines' Survival
Aviation specialists sound alarm over multiple taxation threatening airline survival in Nigeria. Discover how high operational costs are pushing carriers toward collapse.
Nigeria's N300B Publishing Industry Needs Urgent Reforms
Nigeria's once-thriving publishing sector, valued at N300 billion, faces collapse due to multiple challenges. Industry experts reveal how policy reforms could revive this crucial cultural and economic asset.
Presco Plc Launches ₦23.7B Rights Issue for Expansion
Leading Nigerian agro-industrial company Presco Plc announces strategic ₦23.7 billion rights issue to finance expansion projects and boost palm oil production capacity across Nigeria.
Odumodublvck's Industry Machine Album Review
Dive into our explosive review of Odumodublvck's groundbreaking album 'Industry Machine' - the raw energy, cultural depth, and street authenticity that's shaking Nigeria's music scene.
Ondo Refinery Construction Begins - Economic Boom Ahead
Ondo State celebrates as refinery construction begins, promising job creation, economic growth, and energy independence for Nigeria's oil-rich region.
Nigeria Signs Fashion Industry Transformation MOU
Nigeria's creative economy receives significant boost as Arts Minister signs strategic partnership with Afroliganza Sogea and Commonwealth Africa Fashion Alliance to transform fashion sector.
French-Nigerian Film Partnership Shines at AFRIF Festival
The French Embassy and African International Film Festival spotlight booming Franco-Nigerian film partnerships with special screenings and industry discussions in Lagos.
Nigerian Designers Push Fashion Beyond Runway Boundaries
Discover how innovative Nigerian designers are transforming fashion into a powerful tool for cultural expression, social change, and economic empowerment across Nigeria.
Nigeria Lost $300B to Oil Theft - Senate Probe
Shocking Senate probe exposes how Nigeria lost over $300 billion in crude oil revenues from Niger Delta region due to massive theft and pipeline vandalism over 10 years, threatening national economy.
FG, German Chamber Partner to Train 75,000 Youths
Nigeria's Minister of Industry, Trade and Investment expresses optimism as Federal Government collaborates with German chamber to train 75,000 youths in technical fields, addressing unemployment and skills gap.
Court dismisses Dangote's ₦100bn suit against NNPC
Federal High Court dismisses Aliko Dangote's massive lawsuit against NNPC Limited and regulatory authorities in major oil industry legal battle over import permit denial.
Dangote Refinery Cuts Petrol Prices, Shakes Market
In a dramatic market move, Dangote Petroleum Refinery has significantly reduced petrol prices, triggering a competitive battle that's transforming Nigeria's downstream oil sector and bringing relief to consumers.
10 Ways to Survive Film Set Drama in Nollywood
Discover practical Naija-style strategies to handle on-set conflicts, maintain professional relationships, and deliver blockbuster movies without losing your sanity.
Nigeria's Oil Chief to Address Pan-African Parliament
NUPRC CEO Gbenga Komolafe set to share Nigeria's oil and gas regulatory expertise with African lawmakers, focusing on sustainable energy development and economic growth across the continent.
BP Profit Surges to $2.7B as Oil Prices Soar
British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.
Nigeria's New Strategy to End Niger Delta Oil Spills
Discover how Nigeria is shifting from temporary fixes to comprehensive solutions for the decades-long oil spill nightmare in the Niger Delta. Learn about the integrated approach that could transform the region's environmental future.
Okomu Oil Palm Drives Community Development in Edo State
Discover how Okomu Oil Palm Company's partnership with PIND Foundation is driving remarkable economic growth and infrastructure development in Edo State's oil palm communities through innovative CSR programs.
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