Nigeria's crude oil production has again exceeded the quota assigned to it by the Organisation of Petroleum Exporting ...

The Nigerian crude price rose toward the Federal Government benchmark as drones targeted oilfields in Iraq for the fourth ...

FIRST Exploration & Petroleum Development Company has signed a memorandum of understanding with the Tanzania Petroleum Development Corporation to develop the Mnazi Bay North Block in Tanzania.In a ...

As mourners across Nigeria observed the three -day Islamic prayer for the repose of the former President Muhammadu Buhari, ...

Nigeria is aiming for a 2 million bpd OPEC+ target by 2027, supported by rising production and major oil company investments.

Nigeria's Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline ...

Nigeria’s total public debt could rise to N160.6 trillion by the end of 2025, raising new concerns about the country’s ...

Data from Nigeria's state oil company NNPC shows that it did not contribute anything to state coffers in the first eight months of 2022, despite crude prices averaging $94 a barrel so far this ...

Two decades of collective breath holding was finally released with the enactment of the Petroleum Industry Act (PIA), making 2021 a notable year for Nigerian oil and gas.

Nigerian President Muhammadu Buhari on Monday signed the country's newly passed petroleum bill into law, marking the end of 20 years of efforts at Africa's top oil producer to overhaul its oil ...

With U.S. production soaring at the same time its consumption is declining, the U.S. may become a competitor in the longer term, with an ability to undercut producers like Nigeria. Oil containers ...

With more than 300 sections across five chapters and an additional eight schedules, Nigeria’s Petroleum Industry Act (the PIA), which was passed on August 16, 2021, repeals all previous laws ...