Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia Local Government Area of Ogun State. Adeola, who spoke on Tuesday in Otta at ...

Nigeria’s crude oil revenue rose to about N50.88 trillion in 2024, according to industrial data. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission confirmed that Nigeria ...

Nigeria’s upstream regulator on Monday announced the start of its 2025 oil licensing round, offering 50 blocks for bidding as ...

Nigeria’s state oil company, the Nigerian National Petroleum Company (NNPC), has reported it posted a net profit of 5.4 ...

NUPRC Chief Executive Gbenga Komolafe announces record reduction in Nigeria’s crude oil losses, citing reforms and stronger surveillance measures. [Getty Images] The reduction in oil losses is ...

Nigeria has solidified its position as the leading African supplier of crude oil to the United States, exporting $2.42 ...

Green Energy completes first onshore Otakikpo terminal Conoil launches Obodo crude grade Renaissance Energy plans $15 bln investment over 5 years LAGOS, June 3 (Reuters) - Nigeria is witnessing a ...

In a historic moment for Nigeria’s oil and gas industry, the new Otakikpo crude oil terminal, the country’s first indigenous onshore crude export facility in over five decades built by Green Energy ...

India is pivoting away from Russian oil following U.S. tariff hikes. Indian refiners are moving quickly to secure cargoes from Nigeria, Angola, Abu Dhabi, and the U.S., The shift could deepen ties ...

Nigeria introduced the naira-for-crude policy to support domestic refining and save foreign exchange by paying for crude in local currency. However, oil-backed loan obligations are now limiting the ...

Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to make fuels for the nation of 228 million people? Try crude fields around Midland in ...

Nigeria’s push to revive oil production and encourage investment has been put at risk by sabotage at the heart of its crude pipeline system. Better security has been key to a recovery in the nation’s ...