Nigeria's crude oil production declined to 1.486 million barrels per day in November 2025, falling short of its OPEC quota. Experts cite insecurity and policy gaps as key reasons. Read the full analysis.
Chief Mrs. Oritsemeyiwa Eyesan makes history as the first woman to lead Nigeria's upstream oil regulator. Discover her strategic vision for boosting production, gas monetisation, and transparency to attract investment and secure Nigeria's energy future.
The Centre for Energy Reforms says Oritsemeyiwa Eyesan's appointment as NUPRC CEO can strengthen regulation and rebuild investor confidence in Nigeria's upstream oil sector. Read more.
The Federal Government warns it may revoke licenses for undeveloped oil blocks. Minister Lokpobiri says licenses are not status symbols, and no refunds will be given. Read the latest on Nigeria's energy sector.
The Federal Government has begun strict enforcement of a 0.5% levy on wholesale petroleum, a cost experts warn will trickle down to consumers. Find out what this means for your pocket.
DAPPMAN affirms its members supply 60% of Nigeria's petrol, pledging to sustain this in 2026 to support national energy security amid downstream sector reforms. Read more.
World Bank projects Nigeria's urban population will surge to 264 million by 2050, with 4.4% economic growth in 2026 driven by reforms and export gains. Discover the challenges and opportunities.
Independent oil marketers explain why petrol prices remain above Dangote Refinery's N739 benchmark, citing high logistics costs. Discover the factors shaping Nigeria's fuel price war.
The Nigerian Ports Authority announces 32 vessels carrying petroleum products, food, and other goods are set to arrive at Lagos ports from Jan 12-30. Get the latest maritime updates.
A fierce petrol price war is reshaping Nigeria's fuel market as independent marketers slash prices below Dangote's N739 rate. Discover how this battle for customers is impacting motorists and the industry's future.
An advocacy group supports President Tinubu's move to reconcile NNPC's legacy balances, removing $1.42bn and N5.57trn deemed unrecoverable. They call for transparency in Nigeria's energy revenue management.
The landmark fuel supply agreement between Dangote Refinery and 20 major marketers collapses after pricing disputes. Falling global costs trigger a surge in imports, reshaping Nigeria's downstream market. Read the full analysis.
CORAN warns Nigeria's heavy fuel import reliance undermines local refiners who invested billions. N15.4 trillion spent on imports in 2024. Urgent policy shift needed to support domestic refining capacity.
FCT Minister Nyesom Wike celebrates the nomination of Kenneth Kobani to the NMDPRA board by President Bola Tinubu. Read about the political implications and public reactions.
President Bola Tinubu has sent 21 nominees for the boards of NUPRC and NMDPRA to the Senate for confirmation, aiming to strengthen governance and PIA reforms. Read the full list.
Nigeria's current account surplus reached $3.42bn in Q3 2025, driven by a 44% surge in refined fuel exports. This marks a pivotal shift as domestic refining capacity grows, reducing import dependency. Discover the details and what it means for the economy
PETROAN reports the 2025 price war between Dangote Refinery and marketers led to massive losses for retailers, squeezed profits, and market instability. The group calls for urgent stakeholder dialogue.
Dangote Refinery introduces a 10-day credit facility and free logistics for petrol stations, slashing the gantry price to ₦699/litre. This strategic move aims to ease cash flow and distribution costs for dealers nationwide.
NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.
NNPC GCEO Bayo Ojulari states the fuel price competition between Dangote Refinery and marketers is a natural market shift that will ultimately favour Nigerian consumers. Read more.
Nigeria's NNPC scored zero in ICPC's 2025 Ethics and Integrity Scorecard, ranking last among 357 agencies. This shock result raises major governance concerns despite the oil company's recent profit announcements.
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
Nigeria's upstream oil regulator, NUPRC, ranked first in the ICPC's 2025 ethics evaluation. The top score signals strong governance reforms and boosts investor confidence in the sector. Read the full analysis.
Chappal Energies secures a $430 million reserve-based lending package to refinance its acquisition of Equinor's Nigerian assets and fund development. This deal highlights investor confidence in well-structured African upstream projects despite tight capit
US President Donald Trump confirms the US will retain crude oil and tankers seized near Venezuela, intensifying pressure on President Nicolás Maduro. Read the latest on the escalating crisis.
Trex Petroleum and Energy Limited has awarded four offshore professionals for outstanding safety performance at its 2025 Focus on Safety Initiative in Lagos. Discover the champions of offshore safety.
The Nigerian government suspends a controversial 15% fuel import duty to avoid festive season price hikes. Experts warn of policy inconsistency and the need for long-term energy security. Read more.
Women in Maritime & Energy (WIME) commends President Tinubu for appointing Mrs. Oritsemeyiwa Eyesan as the first female Chief Executive of Nigeria's upstream oil regulator. Read more on this milestone for gender inclusion.
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the full analysis.