Nigeria eyes $10bn from 50 oil blocks lease
Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.
Category : Search result: oil supply and demand
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
RICS Deepens Nigeria Partnerships as Green Building Demand Slows
RICS commits to strengthening Nigeria's built environment standards while warning of slowing global demand for sustainable buildings. MEA region shows continued growth in green construction.
OPEC+ Pauses Oil Output Hikes Until March 2026
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
OPEC+ Likely to Maintain Current Oil Production Levels
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Ogoni Lament FG Silence After Oil Resumption Report
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
Kidnappers Demand ₦100m for Abducted Man in Kogi
A Nigerian family pleads for help after kidnappers abducted their relative along Obajana Road in Kogi State. The widow's son was traveling in an 18-seater bus when gunmen struck. Support needed urgently.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Kogi Kidnapping: N60m Ransom Demand for Mother
A Nigerian man shares heartbreaking update about his mother kidnapped in Kogi. Kidnappers demand N60 million ransom while victim suffers in captivity. Read full story.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
Doctor Cries for Help as Kidnappers Hold Pregnant Sister
A Nigerian doctor cries for help after kidnappers released a video of his pregnant sister and husband in captivity in Edo State. The family demands N50 million ransom for their release.
Pregnant Couple Abducted in Edo, N50m Ransom Demanded
A pregnant couple kidnapped in Edo state begs for help as captors demand N50 million ransom and threaten assault. Family raised only N7 million. Government intervention urgently needed.
Pregnant Sister, Husband Abducted in Edo: N50m Ransom Demand
Nigerian doctor cries out as kidnappers abduct pregnant sister and husband in Edo State, demanding N50 million ransom. Family pleads for help amid security crisis.
Kaduna Anglican Priest Killed, Wife Still Held Captive
Family reveals Anglican priest Venerate Edwin Achi was killed days before kidnappers posted photos. His wife Sarah, a customs officer, remains captive with N600m ransom demand.
Abducted Kaduna Anglican Priest Dies in Captivity
Venerable Edwin Achi, kidnapped with wife and daughter in Kaduna, has died after one month in captivity. Bandits demanded N600 million ransom. Read full details.
Anglican Priest Killed After Kidnappers Post Photo on Facebook
Family confirms death of Kaduna Anglican priest Venerate Edwin Achi after kidnappers posted his photo on Facebook. The couple was abducted in October with N600 million ransom demanded.
Reps Demand EFCC Account for Seized Crude Oil
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
Anglican Priest Killed by Kidnappers in Kaduna
Terrorists have murdered Ven. Edwin Achi, an Anglican priest abducted in Kaduna. His wife and daughter remain captive as church cancels events. Read the full story.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
Pastor Challenges Kidnappers Over ₦10M Bike Ransom
A Nigerian pastor goes viral after confronting bandits who demanded 5 new motorcycles worth ₦2M each for church member's release. Read his bold response that sparked nationwide reactions.
Scientific Research Guides Nigeria's Oil Production
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
Army arrests notorious kidnap suspect in Taraba
Nigerian troops arrest notorious kidnap suspect Umar Mus Geyi in Wukari, Taraba State. Suspect linked to multiple abductions, including Alhaji Jano's kidnapping. Military intensifies search for victims.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
Eruku Church Kidnapping: Family Gives Update on Release
Family member confirms relative kidnapped during Eruku church attack has been released without ransom payment. Get the latest updates on the Kwara State incident.
Mum Finds Son's Body in Museum Exhibition
A heartbroken mother claims she discovered her deceased son's body displayed in Las Vegas museum. Kim Erick demands DNA tests after recognizing distinctive features on preserved corpse.
Lady's Viral Plea After Father Kidnapped Post-Convocation
A Nigerian lady shares heartbreaking conversation with bandits who kidnapped her father after attending her school convocation. The emotional recording reveals his desperate situation in the bush.
CBN Injects $50m to Stabilize Naira Amid Dollar Demand
The Central Bank of Nigeria has intervened with $50 million forex injection to stabilize the naira as currency volatility continues. Learn how this affects Nigeria's economy.
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