Industry News

PPP model drives NLNG success, Fubara backs private-led operations
Rivers State Governor, Siminalayi Fubara, has credited the sustained success of Nigeria LNG Limited to its public-private partnership, Read more…

FG waives demurrage on 10,000 containers, reviews Single Window Progress
The Federal Government has approved a waiver of demurrage charges on more than 10,000 containers delayed due to the rollout of the National Single Window (NSW) platform, Read more…

Nigeria touts $18bn upstream investment, output gains ahead of Paris forum
Nigeria is positioning its oil and gas sector for renewed investment as government officials prepare to engage with global stakeholders at the Invest in African Energy Forum in Paris next month. Read more…

Traders place large $950m bet on oil price falling hours ahead of ceasefire
 Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a ceasefire, Read more…

Afreximbank supports Dangote Group as it targets $100bn annual revenue by 2030
African Export-Import Bank (Afreximbank) is proud to announce that it is supporting Dangote Group, as it seeks to expand its operations and grow its turnover to US$100 billion by 2030. Read more…

Africa’s Lithium pipeline gains momentum as global supply deficits loom
Rising demand for lithium is positioning Africa to attract foreign investment, accelerate local beneficiation and strengthen its role in securing the global battery supply chain. Read more…

Oil Tumbles to $92 after Trump Announces Two-week Ceasefire
Oil tumbled to $92 a barrel yesterday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to an immediate and safe reopening of the Strait of Hormuz. Read more…

IEA: Current Oil Crisis More Serious Than 1973, 1979, 2002 Combined
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2002 together”, the head of the International Energy Agency (IEA), Read more…

NISO Marks First Anniversary, Begins Grid Segmentation to Curb System Collapses
The Nigerian Independent System Operator (NISO) yesterday marked its first anniversary, with the announcement of a major policy direction, including advanced plans to begin the ‘islanding’ of the national power grid to curb persistent system collapses. Read more…

NNPCL: Oil Output Hits 1.84m bpd in 2025 on Improved Pipeline Security
The Nigerian National Petroleum Company Limited (NNPCL) has said crude oil production grew from a historic low of 960,000 barrels per day (bpd) in 2022 to an average of 1.71 million bpd and a peak production of 1.84 million bpd in 2025. Read more… Read more…

DisCos’ revenue recovery drops to 69%, sees N63 billion shortfall
Electricity distribution companies (DisCos) recorded a N63.46 billion revenue shortfall in January 2026 as average recovery efficiency declined to 69.16 per cent, Read more… Read more…

NOG Energy Week to focus on infrastructure funding, gas, innovation
Stakeholders in the global energy industry will gather in Abuja from July 5 to 9, 2026, for the 25th edition of NOG Energy Week 2026, with a focus on boosting investment, Read more…

PETAN is changing narratives of oil & gas industry, says Faluyi
Publicity Secretary, Petroleum Technology Association of Nigeria (PETAN) Joan Faluyi has described the association as quiet engine of the nation’s oil and gas Industry. Read more…

TEG seeks growth of gas Commercialisation, expands new station in Benin
As part of efforts aimed at expanding gas commercialization, Tetracore Energy Group (TEG) recently commissioned a new Auto Compressed Natural Gas (CNG) station in Uwusan, Benin City, Edo State. Read more…

NNPCL links pipeline security to oil production growth, investor confidence
Nigerian National Petroleum Company Limited (NNPC) has attributed the recent growth in national crude oil production and renewed investor confidence to strengthened pipeline security in the Niger Delta. Read more…

Nigeria’s Oil Reforms Must Move From Paper to Action—Eyesan
Nigeria’s petroleum sector needs to move beyond “rules on paper” and translate reform commitments into concrete action, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has said. Read more…

Petroleum Engineers Urge Digital Shift, Smart Capital For Oil Industry Resilience
Petroleum engineers have urged a rapid shift toward digital innovation and smarter capital strategies to build resilience in Nigeria’s oil industry, Read more…

NGX Gains N389bn On Banking, Oil & Gas Rally
The Nigerian equities market extended its bullish run, with total market capitalisation advancing by N389 billion, driven by sustained buying interest in banking and select oil and gas stocks. Read more… Read more…

NLNG Boss, Falade, Ex-Finance Minister, Adeosun, 600 Other Professionals For Convergence 2026
The managing director of NLNG, Leye Falade, and former Minister of Finance, Mrs. Kemi Adeosun, are to feature at The Convergence 2026, a one-day conference scheduled to hold on April 18, 2026, Read more…

Oborevwori Targets 24-hour Power Supply In Delta
Delta State Governor, Rt. Hon. Sheriff Oborevwori, on Wednesday, reaffirmed his administration’s commitment to achieving a stable and reliable electricity supply in the state through strategic partnerships with reputable energy experts. Read more…

PIA: Stakeholders Demand Accountability, Growth for Host Communities
Stakeholders in Nigeria’s oil and gas sector have called for stronger accountability, inclusive development, and effective implementation of the Petroleum Industry Act (PIA) to ensure host communities benefit meaningfully from oil exploration activities. Read more…

Crude oil theft still at concerning levels, calls for reforms – Speaker
The speaker called for reforms to strengthen transparency, accountability and surveillance systems in the oil sector. Read more…

Lower petrol prices imminent as global oil plunges 15%
Nigerian motorists bracing for another round of fuel price hikes may finally catch a break as Brent, the benchmark for Nigerian crude, plunged more than 15 percent to below $95 per barrel on Wednesday. Read more…