The Federal Government is considering selling the country's struggling refineries to private investors as part of a comprehensive strategy to revitalize Nigeria's oil and gas sector, increase competition, and achieve energy self-sufficiency.
In a dramatic market move, Dangote Petroleum Refinery has significantly reduced petrol prices, triggering a competitive battle that's transforming Nigeria's downstream oil sector and bringing relief to consumers.
Nigerian Senate investigates alarming rail derailments while controversial new loan agreements spark national debt concerns. Full details on the parliamentary inquiry.
Nigerian lawmakers engage in heated exchange during probe into Lagos International Trade Fair controversies, exposing deep divisions in parliament.
NUPRC CEO Gbenga Komolafe set to share Nigeria's oil and gas regulatory expertise with African lawmakers, focusing on sustainable energy development and economic growth across the continent.
British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.
French authorities investigate Shein for selling adult dolls resembling children, sparking global outrage. The Chinese retailer pledges full cooperation amid growing scrutiny of its business practices.
Discover how Nigeria is shifting from temporary fixes to comprehensive solutions for the decades-long oil spill nightmare in the Niger Delta. Learn about the integrated approach that could transform the region's environmental future.
Discover how Okomu Oil Palm Company's partnership with PIND Foundation is driving remarkable economic growth and infrastructure development in Edo State's oil palm communities through innovative CSR programs.
Energy rights advocates stage powerful protest in Abuja, calling on National Assembly to pass crucial legislation addressing abandoned oil infrastructure and environmental hazards in Niger Delta communities.
Environmental groups in Nigeria are fiercely opposing a new bill that would establish a commission for decommissioning oil and gas installations, warning it could worsen pollution in the Niger Delta region.
Hundreds of protesters flooded Nigeria's capital demanding immediate withdrawal of the Oil Decommissioning Bill 2024, citing environmental and economic concerns for oil-producing communities.
A Nigerian man's revelation of his entry-level compensation package at an oil company has sparked massive reactions online, with many stunned by the attractive benefits.
OPEC+ considers significant oil output hike as energy markets face mounting pressure from supply disruptions and geopolitical tensions. Key decisions expected in upcoming meeting.
OPEC+ agrees to boost oil output by 500,000 barrels daily starting January 2024, potentially impacting global oil prices and Nigeria's economic outlook.
Major oil giants ExxonMobil and Chevron report significant profit declines as volatile crude prices impact Nigeria's energy sector and global markets.
In a major security operation, the Nigerian Navy has dismantled an illegal refinery and arrested seven individuals across multiple communities in Ondo State, dealing a significant blow to oil theft activities in the region.
Nigeria is rapidly transforming into Africa's premier oil trading hub, positioning itself as the continent's next major growth frontier in global energy markets.
MOSOP President reveals how Ogoniland remains impoverished despite massive oil wealth, demanding environmental justice and development from Nigerian government.
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Lagos community demands answers as police investigate the heartbreaking deaths of two young children during a forced eviction operation in Oworonsoki, with family alleging police brutality.
Nigeria's anti-graft agency prosecutes five foreigners and their companies for massive crude oil theft in Rivers State, exposing sophisticated illegal bunkering operations.
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals before a Lagos court for allegedly stealing crude oil worth ₦12 billion from the country's territorial waters.
In a major crackdown on oil theft, the Nigerian Navy has raided and completely dismantled a sophisticated illegal refinery operation hidden within Ondo State's riverine communities.
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals and a vessel for allegedly stealing crude oil worth ₦12 billion. The shocking case reveals sophisticated oil theft operations in Nigerian maritime territory.
Norwegian energy giant Equinor reports staggering $251 million quarterly loss as Nigerian crude prices tumble amid global market volatility. Discover how this impacts Africa's largest oil producer.
Exclusive report reveals how Venezuelan oil tankers navigate through dangerous Caribbean waters filled with drug trafficking vessels while maintaining crucial energy exports.
Nigeria's football governing body faces parliamentary investigation over alleged financial mismanagement of international football grants totaling ₦25 million amid growing transparency concerns.
Nigeria's football governing body faces parliamentary investigation over claims of financial misappropriation of international development funds meant for football growth.