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

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 NNPC Ltd said on Monday it recorded a net profit of 5.4 trillion naira ($3.6 billion) in 2024, up ...

Nigeria has recorded a significant milestone in its oil industry, with crude oil output surpassing 1.7 million barrels per ...

According to the NNPCL, the organisation Revenue stood at ₦45.1 trillion, representing 88 percent year-on-year growth, while profit after tax stood at ₦5.4 trillion, representing 64 percent ...

Nigeria has approved 43 new oil and gas field development plans worth $20 billion, aiming to boost output and reverse years ...

With the deal, TotalEnergies will increase its stake in a block adjacent to one that includes Egina South oil field.

An arrest warrant issued for Nigeria's former oil minister Timipre Sylva by the country's anti-corruption agency is ...

TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its ...

The President of the Nigerian Association of Petroleum Explorationists, Johnbosco Uche, has warned that Nigeria’s oil production could decline in the ...

Of the ten months reviewed (between December 2024 and September 2025), Nigeria failed to meet OPEC’s 1.5 million-barrel-per-day quota on seven occasions. Crude oil production has remained constrained ...

Local firms are making the most of the purge of bad debts from the system and the opportunities that efforts to indiginize the oil industry offer. It was an unwelcome surprise for many last month when ...