Getty Images Nigeria is often hit by fuel shortages, causing long queues at filling stations The NNPC swaps Nigeria’s crude oil for the refined ... the NNPC was selling at a loss and the subsidy ...

Agriculture is coming behind defence and security, which gets N4.91trillion allocation, infrastructure which receives ...

Nasdaq 100, Gold Spot US Dollar, S&P 500, Dow Jones Industrial Average. Read Florian Grummes's Market Analysis on ...

DAKAR, Senegal — The United States announced Friday that it would be returning $52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former oil minister ...

Nigeria’s daily average oil production rose by 152,000 barrels per day last November 2024. This is according to data sourced ...

The Organisation of Petroleum Export Countries (OPEC) has disclosed that Nigeria surpassed its December quota, with oil ...

The $1.28bn acquisition of Mobil Producing Nigeria Unlimited makes Seplat one of the biggest domestic producers with an asset base of 11 onshore oil blocks, 48 oil and gas fields, three export ...

A graduate of geology from the University of Maiduguri, he has worked tirelessly to restore hope in Nigeria’s oil-dependent economy, chalking up remarkable achievements along the way.

Aneke warned those involved in oil theft, smuggling and pipeline vandalism to desist forthwith, saying, Nigeria’s waters and coastal areas are not for illegal activities. The commanding officer ...

Ahmadu noted that the Nigerian government is losing massive revenue due to the ongoing destruction of pipelines and other oil infrastructure, hindering progress. Nigeria seeks to lower fuel prices ...

For years, incidents like this one have become common in Rivers State, which prides itself as Nigeria’s oil capital. But the scene is also a recurring one across the Niger Delta as thieves try ...

Nigeria has been trying to boost its oil production capacity despite OPEC+ production cuts in order to improve its oil revenue stream. At the same time, Big Oil majors have grown colder towards ...