The 10th Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will focus on Nigeria's oil licensing round. Key speakers from across Africa confirmed for the Lagos event in February 2026. Read more for details.
US President Donald Trump says Venezuela is releasing political prisoners, leading him to cancel planned military actions. Get the full details on the developing US-Venezuela relations.
PETROAN confirms discussions with NNPCL to acquire and revive the Port Harcourt Refinery for $2 billion. The move aims to boost local refining and stabilise fuel prices in Nigeria.
US President Trump urges oil executives to invest in Venezuela's vast reserves post-Maduro capture, promising security. CEOs remain wary, citing past seizures and calling the nation 'uninvestable'.
Aliko Dangote files a corruption petition with the EFCC against former NMDPRA MD Farouk Ahmed, alleging abuse of office and $7 million spent on children's elite education. Read the full details.
A Nigerian couple who met in 2009 with no money have opened their second filling station, DP Oil & Gas. Their story of love and perseverance inspires many. Read their journey from squatting to success.
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
Nigerian households get relief as cooking gas (LPG) prices fall to between N1,000 and N1,400 per kg. Improved supply from late 2025 ends months of scarcity. Read the full market report.
Leadway Assurance begins validating thousands of African Alliance retirees to ensure seamless annuity payments. This NAICOM-backed move aims to protect retirees' financial security amidst rising living costs. #Insurance #Nigeria
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
President Bola Tinubu has sent 21 nominees for the boards of NMDPRA and NUPRC to the Senate for confirmation. This move aims to advance reforms in Nigeria's crucial oil and gas sector.
The NCDMB has launched its 2025/26 Research, Innovation and Technology Challenge, seeking Nigerian solutions for the oil, gas, and energy sectors. Winners get cash, mentorship, and incubation support. Apply now!
Billionaire Tony Elumelu expands his energy empire, acquiring a 20.07% stake in Seplat Energy for $496 million. The deal makes Heirs Energies the largest shareholder and is expected to significantly increase his net worth. Read the full details.
NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.
NNPC Ltd announces N4.36 trillion revenue and N502 billion profit for November 2025, driven by increased oil production. Discover the full financial and operational breakdown.
Heirs Energies, led by Tony Elumelu, has acquired a 20.07% stake in Seplat Energy for $500 million. The deal, backed by Afreximbank, marks a major shift towards indigenous ownership in Nigeria's energy sector. Read the full story.
Tony Elumelu's Heirs Energies acquires a 20.07% stake in Seplat Energy from Maurel & Prom for $500 million, marking a major shift in indigenous ownership of Nigeria's energy assets. Read the full details.
NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.
NNPC Limited invites bids for stakes in key oil and gas assets. Registration deadline is January 10, 2026. PENGASSAN confirms the strategic divestment plan.
Nigeria's $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline is on track to begin operations in early 2026, promising to transform energy supply and industrial growth in the north. NNPC targets $30 billion in oil and gas investments by 2030.
NISO announces repair of the Lagos-Escravos-Lagos gas infrastructure, leading to improved power generation. Learn how this affects national electricity supply and stability.
Governor Sheriff Oborevwori resolves a decade-long pension crisis in Delta State, clearing over N50bn in arrears for more than 11,800 local council retirees through strategic loans and sensitization.
Oyo State Governor Seyi Makinde approves a 100% increase in gratuity payments for retirees, raising it from ₦1.5bn to ₦3bn. NLC confirms the worker-friendly move and consistent 13th-month salary payment. Read more.
Retirees of defunct Nigerian Airways met with PTAD in Abuja, seeking inclusion on the federal pension payroll. PTAD's Tolulope Odunaiya acknowledged their plight but cited legal constraints. Read more on their decades-long struggle.
NBS data shows a 2.57% year-on-year drop in diesel prices for November 2025. Discover which states paid the most and least for AGO.
Africa's downstream oil sector needs over $100bn investment by 2050. Discover how ARDA is tackling regulatory & infrastructure gaps to unlock this massive opportunity for global investors.
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.