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Nigeria oil sector

Truck Crash Forces Otedola Bridge Closure in Lagos

A crash involving two container trucks shut Otedola Bridge, halting traffic and forcing officials to redirect motorists through alternative Lagos routes.

NGX Nears N98 Trillion as Santa Rally Lifts Stocks

Nigerian stocks surged in a Santa rally, lifting market value close to N98 trillion as investors pocketed more than N953 billion in gains.

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...

Dangote Plans Dollar Dividends for Nigerian Shareholders

Dangote outlines a dollar dividend plan as his refinery moves toward a major NGX listing backed by rising export revenue

Auditor Faults NNPC Over £14 Million London Office Spending

Nigeria’s auditor flags £14.3 million in unverified spending at NNPC’s London office, intensifying scrutiny of the oil company’s financial controls

NNPCL Faces Scrutiny After Spending N17.5tn on Pipeline Security in One Year

NNPCL reports N17.5tn spent on pipeline security and fuel under-recovery in 2024 as analysts demand an audit and clearer government repayment.

Oando Faces Pressure as Irad Demands Overdue Payments

Oando faces backlash as Irad accuses it of unpaid project debts, citing severe financial strain and unfulfilled payment promises.

EFCC Probes Ex-NNPC Chiefs Over $2.9 Billion Refinery Funds

EFCC launches investigation into refinery funds misuse by former NNPC executives.

Marketers Face Losses as Dangote Refinery Slashes Fuel Prices

The reduction of PMS price to N890 causes concern for marketers at Dangote refinery.

NNPC Pledges 221,000 BPD to Finance $6.6 Billion Debt

NNPC pledges 221,000 bpd to service a $6.6 billion debt, aiming to stabilize Nigeria’s energy sector and meet financial obligations.

Homegrown Tech Boosts Nigeria Oil to World Stage

In a bold response to persistent infrastructural deficits, Aiteo, Nigeria's largest independent oil producer,...

Nigeria’s oil sector set for a boost as Dangote refinery nears completion

Nigeria, Africa's largest oil producer, is poised to become a major player in the...

Latest articles

Truck Crash Forces Otedola Bridge Closure in Lagos

A crash involving two container trucks shut Otedola Bridge, halting traffic and forcing officials to redirect motorists through alternative Lagos routes.

NGX Nears N98 Trillion as Santa Rally Lifts Stocks

Nigerian stocks surged in a Santa rally, lifting market value close to N98 trillion as investors pocketed more than N953 billion in gains.

Air Peace To Shift Regional Flights To Daytime Operations In 2026

Air Peace plans to move regional flights to daytime operations and expand Africa routes by early 2026 to improve connectivity and passenger convenience.

7 Most Visited Countries During Christmas as Holiday Travel Peaks

As Christmas approaches each year, international travel surges. Europe’s historic cities and warmer destinations across the Americas consistently rank among the most visited countries during Christmas due to culture, tradition and seasonal appeal.