Global oil markets are facing renewed uncertainty following reports surrounding the potential exit of the United Arab Emirates (UAE) from…
Browsing: Oil
The Chief Executive Officer of the Dangote Refinery has called for the closure of inefficient refineries, arguing that continued operation…
The African Export-Import Bank, commonly known as African Export-Import Bank, has reportedly committed funding support for three new refinery projects…
Global oil prices climbed while equity markets fluctuated as uncertainty around international peace negotiations unsettled investor sentiment, reflecting renewed volatility…
Former President Olusegun Obasanjo has sparked fresh debate over Nigeria’s downstream petroleum sector after stating that the country’s state-owned refineries…
Nigeria’s Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.04 trillion among the three tiers of government for…
In April 2025, the Organization of the Petroleum Exporting Countries (OPEC) experienced a slight reduction in oil production, averaging 26.60…
Investment in Africa’s upstream oil and gas sector has rebounded strongly, reaching a forecasted $41 billion, signaling renewed confidence in…
The United Kingdom’s refined oil exports to Nigeria have surged to £1.5 billion, underscoring the deepening trade relationship between both…
Africa’s richest man, Aliko Dangote, has stirred fresh debate about Nigeria’s struggling oil refining industry by declaring that the…
The Nigerian Content Development and Monitoring Board (NCDMB) has approved over 440 expatriate quota slots for the country’s oil and…
Nigeria’s oil and gas sector is bracing for major changes as over 55 oil block licences are set to expire…
A leading company in the oil and gas sector has launched a training program aimed at equipping young individuals with…
The recent victory of Donald Trump in the United States presidential election has raised concerns among economic analysts about its…
Nigeria’s oil imports experienced a sharp decline of 35% in the second quarter of 2024, according to a recent report…
TotalEnergies, a major player in the global energy sector, has announced its plans to increase investment in Nigeria’s oil and…
The government of Kogi State is seeking inclusion in Nigeria’s 13% derivation fund, granted to oil-producing states. With recent declarations…
The Nigerian government has announced plans to enhance oil production through the implementation of a new Floating Production Storage and…
The Nigerian military has reported significant gains in its ongoing operations against insurgency, banditry, and oil theft across the country.…
Nigeria, the largest oil producer in Africa, is encountering a notable setback as its oil Gross Domestic Product (GDP) growth…