ABUJA — Structural reforms in Nigeria’s energy sector have added 600,000 barrels per day (bpd) to national output, driving total crude oil production from 1.2...
Tag - #oil
The initial public offering (IPO) of Africa’s largest oil refinery, the Dangote Refinery, is set to open within the next 10 to 12 days. Billionaire founder...
Nigerian energy company Aradel Holdings has posted a massive increase in oil and gas production for the first half of 2026, driven by higher gas demand and an...
LONDON — Global stock markets have surged and oil prices have retreated following reports that the US and Iran are close to a preliminary agreement to end...
A prominent Nigerian businesswoman has dismissed claims that anti-corruption agents recovered $13m (£10.4m) in cash during a raid on her home, calling the...
A Nigerian advocacy group has welcomed President Bola Tinubu’s approval of new incentives for a $20 billion deepwater project, describing it as a signal that...
Nigeria is accelerating its transition to gas and electric-powered transport as a direct response to the “volatility” of global oil markets...
The United States and Nigeria have vowed to deepen their economic ties, focusing on a major shift toward digital technology and agriculture to drive growth...
The United States has seized two “ghost fleet” oil tankers in the North Atlantic and the Caribbean, in a high-stakes operation supported by the UK...
ABUJA, NIGERIA – The Nigerian government is optimistic about increasing the country’s crude oil output to 2.5 million barrels per day by 2026. The...