Nigeria appears set for another decisive round of oil field development, coming just a year after a successful bid cycle that ...

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

Port Harcourt — The Permanent Secretary, Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella, has reiterated the critical role of Nigeria’s petroleum industry in the country’s economy, stating ...

Nigeria’s state oil company NNPC Ltd said on Monday it recorded a net profit of 5.4 trillion naira ($3.6 billion) in 2024, up 64% from a year earlier.

Last year and early this year, more international oil companies divested or expressed interest in selling their onshore assets in Nigeria. U.S. supermajor ExxonMobil intends to sell its shallow water ...

Lagos — IN an effort to stem the tide of criminality and kidnapping in the oil-rich Niger-Delta region oil industry workers acting under the aegis of Petroleum Industries Christian Organisation (PICO) ...

A university don, Professor Usman Mohammed of the Department of Political Science and International Studies, Kaduna State ...

LAGOS, April 15 (Reuters) - Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in the international market, the ...

The reduction in oil losses is expected to boost government revenues, strengthen investor confidence, and enhance Nigeria’s standing in the global oil market. NUPRC Chief Executive Gbenga Komolafe ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will open the 2025 oil licensing round on December 1 to attract new investments and boost production. The bid round aligns with the 2021 ...

Nigeria’s attorney general has notified agencies that President Bola Tinubu has approved a draft bill – the Petroleum Industry Act (Amendment) Act 2025 – for early implementation talks. It is still a ...