Despite two decades of being handed preferential access to global markets, Nigeria remains trapped in oil dependence as many deals fail to deliver the much-needed diversification.
Africa’s largest crude oil producer, Nigeria, attracted $5.3 billion in upstream capital investment in 2025, accounting for about 38 per cent of all major project sanctions on the continent over the past 24 months.
The West African Gas Pipeline Company (WAPCo) has announced that it will shut down its gas receiving facilities in Nigeria, Benin, Togo, and Ghana between Sunday, January 18 and January 31, 2026 for routine maintenance works.
Nigeria’s crude oil production slipped in December from November as Africa’s top producer continues to struggle to pump to its full OPEC+ output quota amid operational challenges in its upstream sector.
Nigeria is betting on green finance to drive its energy transition with the president unveiling plans for a $2 billion climate fund on Tuesday, saying oversubscribed green bonds were proof of investor appetite.
TotalEnergies has signed an agreement to sell its 10% interest in a Nigerian joint venture, the company said on Monday.
Shell PLC, through Shell Nigeria Gas Ltd (SNG), has signed an agreement to supply natural gas to SG Industrial FZE. The new customer is “a leading steel company in the Guandong industrial zone in the state”, the British company said on its Nigerian website. “The agreement adds to a growing list of clients for SNG […]
The Human and Environmental Development Agenda (HEDA) Resource Centre has called for deliberate sequencing and sustained political will to strengthen reforms in the Nigerian oil and gas sector. The body made the call while unveiling a comprehensive report on petroleum environmental governance in Nigeria. The report is titled “Nigeria’s Petroleum-Environmental Governance: Law, Policy, and Reform […]
The Dangote Petroleum Refinery has taken delivery of its second-ever crude cargo from Ghana, a move that coincides with a sharp reduction in its purchases from Europe as the plant adjusts its slate ahead of major maintenance.
Nigeria’s state oil firm NNPC and local producer Heirs Energies have signed a deal to capture and use the gas flared at their onshore OML 17 joint venture in a bid to monetize the resource and reduce flaring