The Nigerian National Petroleum Company Limited has officially deployed over 1,000 young Nigerian professionals into its workforce following a one-year internship and evaluation, CEO Bayo Ojulari announced.
Seplat Energy agrees to sell 10% working interest in NNPC/SEPNU JV to NNPC for $281.6m, raising NNPC's stake to 70% and retaining 30% for itself.
NNPC Ltd achieved a ₦535 billion profit after tax in June 2026, while crude and condensate output reached 1.72 million barrels per day, its monthly report shows.
Aradel Holdings' H1 revenue jumped nearly sevenfold to N2.5trn, but after-tax profit only rose to N191bn as costs and taxes soared.
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Ardel has announced a pre-tax profit of N753 billion for the fiscal year, driven by record revenue from the oil boom, according to its audited results.
Dangote Refinery now delivers petrol free to marketers in six states at N1,215/litre, with a 10-day credit facility for orders of 250,000 litres or more.
Diesel depot prices in Nigeria climbed to ₦1,650 per litre in Lagos and ₦1,670 in Port Harcourt as Brent crude surged 6.48% to $89.54 per barrel, driven by Middle East tensions, signaling higher pump costs ahead.
Private depot operators raise petrol and diesel prices across Nigeria amid high global crude oil, while Dangote Refinery retains its N1,215 per litre ex-depot price.
Leaked documents reveal Shell's Niger Delta operations caused severe environmental damage, prompting renewed calls for accountability and compensation.
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Imported petrol landed at N1,191.16 per litre, undercutting Dangote Refinery's N1,215 price by N24, as global crude oil prices swing sharply amid Middle East tensions.
Despite being Africa's top oil producer, Nigeria did not appear among the 10 African countries with the most expensive diesel in July 2026, according to GlobalPetrolPrices.
Oando Plc attributed a 27 June oil spill from its Azuzuama-1 flowline in Bayelsa to third-party sabotage, citing induced corrosion detected during a joint investigation.
The House of Representatives committee on downstream petroleum held consultations with marketers and refiners to reduce tensions, expand domestic refining, and ensure stable, affordable fuel supply across Nigeria.
Africa's upstream oil and gas investment fell to $37 billion in 2025, with Nigeria and four other nations accounting for the majority, according to the IEA.
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Sunbeth Energies unveils Nigeria's first self-service filling station in Lagos, letting motorists select fuel, pay, and track litres without attendants, with plans for wider rollout.
Cooking gas prices fall across Nigeria after LPG imports surge 1,400% in June 2026, with 6kg cylinders now costing between N7,800 and N9,000.
Nigeria expects 154.2 million litres of imported petrol this week via five vessels arriving Lagos and Calabar, despite increased local refining and Dangote's naira sales.
Petrol depot prices fell across Lagos, Port Harcourt and Warri by N5 to N25 per litre, with Bulk Strategic, Sigmund, Optima, Matrix and other depots reducing ex-depot loading rates, adding downward pressure on fuel costs.
Uncertainty over control of the Strait of Hormuz triggered the collapse of the US-Iran truce, causing a sharp rise in global oil prices, analysts say.
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LPG prices fall to N1,200/kg in some areas, with depot rates dropping below N1,000, as supply boost from Dangote and a 1,400% surge in imports eases market pressure.
The Nigerian Content Board praised Brentex Petroleum's $50 million steel pipe bending and coating facility at Onne Port, calling it a landmark project that will transform Nigeria's oil and gas logistics.
Oil prices hit $100/barrel after Houthi attacks on Saudi tankers. Nigeria faces fuel price hikes despite potential crude revenue gains.
The Federal Government confirms plans to gradually eliminate electricity subsidies and introduce cost-reflective tariffs, protecting vulnerable households via a proposed Power Consumer Assistance Fund.
Nearly 150 companies began commercial bidding for Nigeria's oil and gas assets at a conference in Abuja, with 37 of 50 blocks attracting bids.
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Thirty-one companies won 37 oil and gas blocks in Nigeria's 2025 Licensing Round, with strong interest in frontier basins like Benue Trough and Chad Basin.
Dangote Refinery says NNPC delivered only 3 of 14 expected crude cargoes under the naira-for-crude programme, less than 25%, as petrol prices rise to N2,248 per litre.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria is on track to achieve its target of 3 million barrels per day (bpd) oil production by 2030, driven by new investments and improved security.
Nigerian crude oil prices surged to a 10-day high as US airstrikes on Iranian facilities disrupted shipping through the Strait of Hormuz, raising supply concerns.
Nigeria's LPG imports skyrocketed 1,400% to 1.5 KT/d in June 2026, addressing severe shortages and driving price reductions for households.
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Dangote Refinery's offshore terminal has recorded over 1,100 tanker calls since operations began, marking a major milestone in Nigeria's refining capacity.
