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Nigeria oil sector

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Nigerian troops rescue 363 victims, kill 69 terrorists in one week, DHQ says

Nigerian troops rescued 363 kidnapped victims, killed 69 terrorists and arrested 49 suspects during a week of land, air and sea operations, DHQ says.
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Two Nigerian women held in India over N380m cocaine seizure

Railway police in Delhi have detained two Nigerian women after seizing 2.28 kilograms of cocaine worth about N380 million, allegedly tied to interstate trafficking.
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Amni International Denies Receivership in Cenroc Dispute

Amni International denies it has entered receivership, saying a Federal High Court order in a Cenroc dispute is limited and under appeal.
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NUPRC Chief Sees Opportunity in Nigeria’s Upstream Revival

Nigeria’s new upstream regulator says clear rules, collaboration, and technology will unlock investment and raise oil and gas output under the Petroleum Industry Act.
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Dangote NMDPRA Dispute Sparks Call for Strong Institutions

Nigeria’s oil workers union urges stronger institutions as tensions between Dangote Group and the petroleum regulator raise governance concerns.
Business

Petroleum Regulator Chief Quits After Dangote Calls for Probe

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

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

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

Marketers Face Losses as Dangote Refinery Slashes Fuel Prices

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

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.
Business

Homegrown Tech Boosts Nigeria Oil to World Stage

In a bold response to persistent infrastructural deficits, Aiteo, Nigeria's largest independent oil producer,...
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Nigerian troops rescue 363 victims, kill 69 terrorists in one week, DHQ says

Nigerian troops rescued 363 kidnapped victims, killed 69 terrorists and arrested 49 suspects during a week of land, air and sea operations, DHQ says.
News

Two Nigerian women held in India over N380m cocaine seizure

Railway police in Delhi have detained two Nigerian women after seizing 2.28 kilograms of cocaine worth about N380 million, allegedly tied to interstate trafficking.
News

Nigeria, Benin Strengthen Defence Ties, Plan Joint Action Against Cross-Border Threats

KEY POINTS Nigeria, Benin deepen defence cooperation against cross-border threats. Both countries strengthen intelligence...
News

DSS Arrests Three More Suspects Linked to Kidnap of Nasarawa University Professor

KEY POINTS DSS arrests three more suspects linked to the kidnapping of Nasarawa varsity...