A recent report reveals convicted financier Jeffrey Epstein considered a multi-million dollar Nigerian crude oil deal but withdrew due to scam concerns, sparking reactions from Nigerians on social media.
NNPC Limited's Group CEO Bayo Ojulari reveals the corporation lacks operational capacity for profitable refinery management, citing Port Harcourt Refinery's $1.5bn rehabilitation as wasteful.
Newly released FBI documents show Jeffrey Epstein discussed lucrative Nigerian crude oil brokering opportunities in 2010 email correspondence, expressing both interest and skepticism about potential fraud.
Nigeria exported 306 million barrels of crude oil in 10 months, with 69% of production going abroad while local refineries face severe feedstock shortages and shutdowns.
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NNPC Limited has increased petrol pump prices nationwide just days after the last adjustment, now selling at rates N53 higher than Dangote Refinery partners. Marketers warn prices could reach N1,000 per litre.
NNPC Ltd launches Gas Master Plan 2026 aiming for 12 billion cubic feet daily gas production by 2030 and attracting over $60 billion in oil and gas investments.
Dangote Petroleum Refinery announces it can supply 75 million litres of petrol daily, exceeding Nigeria's 50 million litre consumption, while raising prices to N799 per litre.
Venezuelan lawmakers have passed sweeping reforms allowing foreign companies to manage oilfields, aiming to attract investment amid US pressure and sanctions easing.
Federal Government reduces signature bonuses for 50 oil blocks to attract investment and boost production to 2.7 million barrels daily by 2027 through transparent digital bidding.
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Nigeria generated an estimated N55.5 trillion from crude oil sales in 2025, marking a significant increase from the previous year's N50.88 trillion. This growth is attributed to improved production levels and favorable oil prices, though analysts caution
The Nigerian government has launched a major licensing round offering 50 oil and gas blocks across five sedimentary basins, targeting $10 billion in investments with strict technical and financial requirements.
Dangote Refinery's N100 per litre petrol price increase has triggered immediate adjustments by depot owners nationwide, with experts citing rising global crude oil prices and geopolitical tensions as key drivers of the cost surge.
Following Dangote Refinery's N96 increase in petrol ex-depot price, oil marketers nationwide have adjusted pump prices to between N839 and N900 per litre. The refinery cited temporary festive price support ending and assured steady supply of 50 million li
Dangote Refinery has implemented a significant N100 per litre increase in petrol prices nationwide, with retail prices now reaching N839 per litre amid supply challenges and market adjustments.
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NNPC Ltd and Chevron Nigeria Limited confirm discovery of Awodi-07 oil well in Niger Delta, expected to boost Nigeria's production to 146,000 barrels per day and enhance energy security.
The Nigerian National Petroleum Company Limited has confirmed a significant new oil well discovery in the western Niger Delta through its joint venture with Chevron Nigeria Limited.
President Tinubu approves commercial oil drilling at Tongeji Island in Ogun State, making it an oil-producing state, and renames Olokola Deep Seaport as Blue Marine Economic Zone to boost economy.
Pipeline Infrastructure Nigeria Limited plans to mediate between the Federal Government and Ogoni stakeholders to resume oil exploration in Rivers State, addressing community concerns and economic goals.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reaffirmed that gas industrialisation is central to Nigeria's economic recovery, intensifying enforcement and accelerating gas distribution nationwide under the Decade of Ga
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President Bola Tinubu has approved commercial oil drilling at Tongeji Island and the Olokola Deep Seaport in Ogun Waterside, marking a major economic breakthrough for the state.
Nigerian billionaire Arthur Eze's Oranto Petroleum reveals it suspended Senegal investments due to government contract breaches, disputing claims of inadequate investment.
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.
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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.
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.
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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.
