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

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.

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

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

Recent reduction in petrol prices in Nigeria has sparked momentary excitement among citizens, but industry players warn that ...

The Nigerian Upstream Regulatory Commission, NUPRC, said the nation’s oil output has several times exceeded 1.7 million ...

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 ...

The West Africa Energy Policy Institute (WA-EPI) has commended the Nigerian Upstream Petroleum Regulatory Commission for its ...

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 ...

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