President Bola Tinubu has approved targeted incentives for Shell's Bonga South West deep-offshore oil project to attract investment, create jobs, and boost Nigeria's economy, with a demand for Final Investment Decision before 2027.
President Bola Tinubu has approved commercial oil drilling at Tongeji Island and the Olokola Deep Seaport project in Ogun State, with the Nigerian Navy establishing a security base.
Official NMDPRA data shows Nigerians consumed 1.97 billion litres of petrol in December 2025, spending N1.58 trillion amid festive travel and commercial activities.
Clarivo Oil and Gas Ltd plans to build a state-of-the-art refinery in Calabar, featuring modern technology to produce petrol, diesel, and aviation fuel, aiming to reduce Nigeria's fuel imports.
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A Nigerian billionaire has lost an oil exploration licence in Senegal after holding it for 18 years, with reasons emerging related to regulatory and operational issues.
NNPC Ltd and industry analysts dismiss reports linking Engr. Seyi Omotowa's resignation to internal bullying, calling it a routine corporate transition. Read the full details.
Residents of Ogwu Ikpele in Anambra block oil company SPEECO, citing a decade of unfulfilled promises, environmental damage, and lack of basic amenities. Read their full demands.
Nigeria's crude oil production declined to 1.486 million barrels per day in November 2025, falling short of its OPEC quota. Experts cite insecurity and policy gaps as key reasons. Read the full analysis.
Tony Elumelu's Heirs Energies has doubled crude oil production to over 50,000 barrels per day in five years, reviving 100 wells and boosting gas output. Discover how this achievement strengthens Nigeria's energy security.
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NNPCL GCEO Bayo Ojulari declares the state oil firm a reliable engine for Nigeria's economy, citing record production and key infrastructure milestones. Read his full vision for 2026.
Heirs Energies reports doubling oil production to over 50,000bpd and boosting gas output, while acquiring a major stake in Seplat. See how Africapitalism drives Nigeria's energy security.
Chief Mrs. Oritsemeyiwa Eyesan makes history as the first woman to lead Nigeria's upstream oil regulator. Discover her strategic vision for boosting production, gas monetisation, and transparency to attract investment and secure Nigeria's energy future.
Heirs Energies reports oil production doubled & gas tripled on OML 17 after five years, boosting Nigeria's domestic energy supply and power generation. Read the full report.
Nigeria's petrol consumption soared to 63.7 million litres daily in December 2025, costing the nation an estimated N1.7 trillion. Dangote Refinery ramps up supply as imports remain dominant. Read the full analysis.
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The Centre for Energy Reforms says Oritsemeyiwa Eyesan's appointment as NUPRC CEO can strengthen regulation and rebuild investor confidence in Nigeria's upstream oil sector. Read more.
The Federal Government warns it may revoke licenses for undeveloped oil blocks. Minister Lokpobiri says licenses are not status symbols, and no refunds will be given. Read the latest on Nigeria's energy sector.
Dangote Refinery sells petrol N44 per litre cheaper than imports, forcing a price war. Learn how this impacts Nigerian consumers and the market's future.
Dangote Refinery's CEO assures Nigerians of stable petrol prices, reveals a 1.4 million barrel per day expansion plan for 2026, and details how 24-hour operations are ending fuel scarcity.
Nigeria's crude oil production fell in December 2025, lagging behind OPEC peers. The FG announces strict terms for the 2025 bid round, ending licence speculation. Read the full analysis.
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TotalEnergies EP Nigeria signs agreement to sell its 10% interest in Renaissance JV assets to Vaaris. The deal involves 15 oil licences and marks a major portfolio restructuring. Read the full details.
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.
The Federal Government has begun strict enforcement of a 0.5% levy on wholesale petroleum, a cost experts warn will trickle down to consumers. Find out what this means for your pocket.
DAPPMAN affirms its members supply 60% of Nigeria's petrol, pledging to sustain this in 2026 to support national energy security amid downstream sector reforms. Read more.
Tony Elumelu's Heirs Energies acquires a 20% stake in Seplat Energy for $500 million. This landmark deal marks a pivotal moment for indigenous participation in Nigeria's oil sector and the rise of Africapitalism. Discover the full story.
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A price war in Nigeria's fuel market deepens as stations slash petrol prices below Dangote Refinery's N739 benchmark. See the list of stations and the new rates.
Nigerian car dealers report a sharp drop in petrol car sales. The industry is now exploring electric and gas-powered vehicles as the future, despite infrastructure challenges. Read more.
Eterna Plc has opened a N21.52 billion rights issue to fund its downstream expansion and strengthen its balance sheet. The offer closes on February 18, 2026. Read the full details.
Olu of Warri, Ogiame Atuwatse III, warns Chevron and other oil companies that peace is unsustainable without justice after six decades of impoverishing host communities. Read the full story.
MRS Oil Nigeria, backed by Dangote Refinery, now sells petrol at N739/litre, undercutting NNPC's prices. This marks a major shift in Nigeria's downstream fuel market dominance. Discover the new pricing landscape.
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Dangote Refinery denies supply breakdown with marketers, accuses former NMDPRA leaders of licensing excessive petrol imports in late 2025. IPMAN supports local refinery capacity.
