Industry News

Industry News2026-09-11T09:44:13+01:00

Our industry news page curates and displays headlines along with brief descriptions of the latest developments in the oil, gas, and energy industry in Nigeria. The content is sourced from various media outlets across the country, offering a comprehensive overview of the sector’s current events and trends.

September 11, 2026

NMDPRA and the betrayal of Nigeria’s petroleum reform
When the late President Muhammadu Buhari signed the Petroleum Industry Act in August 2021, it capped two decades of effort to overhaul Nigeria’s petroleum sector. Read more…

Nigeria wants Indonesian investors’ participation in oil bid rounds
Nigeria has invited Indonesian investors to participate in forthcoming  oil bid rounds and take advantage of new opportunities in the country’s petroleum sector, Read more…

NMDPRA, Auditor-General fight over N51.09bn gas flare revenue discrepancies
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has rejected findings by the Auditor-General of the Federation on alleged N51.09 billion Read more…

YEAC-Nigeria demands Indorama surveillance chief’s removal over Okrika deaths
The Youths and Environmental Advocacy Centre, YEAC-Nigeria, has demanded the immediate removal of Indorama-Eleme Petrochemicals and Fertilizer Company’s Surveillance Coordinator, Read more…

Traffic management failure triggers gridlock at Lekki Port, Dangote Refinery
Port operations at the Lekki Deep Sea Port are gradually being disrupted by worsening traffic congestion, as the failure of the Lagos State Government Read more…

Akwa Ibom moves to revive 20-year-old 330kV power project
The Akwa Ibom State Government has pledged to resolve outstanding issues delaying completion of the 330kV National Integrated Power Project along the Ikot Ekpene-Ikot Abasi axis, Read more…

Ooni of Ife appointed Chairman of Amaranta as OML 42 enters a new phase
The appointment of His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, Ojaja II, the 51st Ooni of Ife, as Chairman of the Board of Directors of Amaranta Oil & Gas Development Company Limited Read more…

Dangote Refinery IPO: Global leaders rally behind spread of Africa’s industrial wealth
The proposed initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals is attracting strong backing Read more…

Fed Govt., GenCos to sign N728b Series II bond
Electricity Generation Companies (GenCos participating under the Presidential Power Sector Debt Reduction Programme (PPSDRP) are scheduled to sign N728billion series 2 bond next Monday in Abuja. Read more…

LEKOIL targets 100,000 bpd output, production growth
LEKOIL Nigeria Limited, an Africa-focused oil and gas exploration and production company, has outlined its next phase of growth, focusing on advancing its portfolio towards production, Read more…

NUPRC threatens to revoke unused gas flare sites
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said awardees of flare gas sites could see their permits revoked if they do not utilise them. Read more…

UNIDO, EPRON, E-Terra explore collaboration on renewable energy e-waste
The United Nations Industrial Development Organisation (UNIDO), E-waste Producers Responsibility Organisation Nigeria (EPRON), and E-Terra Technologies Limited have begun discussions Read more…

FCCPC, NMDPRA sign MoU to strengthen competition, consumer protection 
The Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have signed a Memorandum of Understanding (MoU) Read more…

NNPC to roll out 70 smart fuel stations nationwide
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) says it plans to roll out between 50 and 70 smart self-service fuelling stations across the country within the next six months. Read more… Read more…

Dangote IPO: ‘People’s offer’ may draw millions into ownership
The planned listing of Dangote Refinery on the Nigerian Exchange could bring millions of ordinary Nigerians into the ownership of one of Africa’s biggest industrial projects. Read more…

Crude hits $107, fresh petrol price hike looms
Petrol prices in Nigeria may rise further as international crude oil prices surged to $107 per barrel on Thursday from about $100 the previous day. Read more…

Dangote IPO: Rewane projects $600bn as IPMAN backs refinery
The Independent Petroleum Marketers Association of Nigeria has urged its members nationwide to invest in the planned Initial Public Offering of the Dangote Petroleum Refinery, Read more…

Dangote refinery discloses 14 suits, N295bn claims
The Dangote Petroleum Refinery and Petrochemicals is currently involved in 14 pending court cases, with nine of the suits classified as material litigation and involving claims totalling N4.08bn and $216.12m. Read more…

Oil output drops 5,000bpd in August amid recovery
Nigeria’s crude oil output fell by 5,000 barrels per day in August 2026, according to figures submitted directly by the country to the Organisation of the Petroleum Exporting Countries Read more…

FG eyes Chinese investment to fast-track power projects
The Minister of Power, Joseph Tegbe, has held engagements with Chinese power engineering firms and financial institutions to accelerate the delivery of Presidential Power Initiative projects Read more…

Analysts: Trade surplus to narrow as oil prices moderate
Nigeria’s record merchandise trade surplus is expected to narrow over the second half of 2026 as global crude oil prices pull back from their recent peaks, Read more…

AI Boom to Boost Southeast Asia’s LNG Demand
Demand for liquefied natural gas (LNG) in Southeast Asia has found a new major driver apart from the years-long efforts to switch away from coal-fired power generation. Read more…

OPEC Sees Oil Demand Growth Explode Sixfold in 2027
OPEC now expects global oil demand growth to jump from just 380,000 barrels per day this year to 2.36 million bpd in 2027—a more than sixfold increase in the space of a year. Read more…

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