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Oil sector holds 3.92% of Nigeria’s GDP in Q1 2026

Precious Anga Lagos — Nigeria’s oil sector accounted for 3.92 per cent of the country’s real Gross Domestic Product (GDP) in the first quarter of 2026, reflecting a slight year-on-year dip despite modest improvement in […]

NUPRC flags skills gap threat to oil sector growth

*Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, with the Vice Principal for Partnerships at Robert Gordon University, Donella Beaton. Mkpoikana Udoma Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has raised concerns over […]

Nigeria’s gas output hits 687bscf as flaring falls 8%

*Gas flaring Precious Anga Lagos — Nigeria’s natural gas production recorded modest growth in the first quarter of 2026, with total output rising to 687.09 billion standard cubic feet, while gas flaring declined by more […]

Nigeria has the oil, Africa’s largest refinery is still buying it abroad

– Dangote Refinery’s $3.74bn foreign crude bill exposed the weak link inside Nigeria’s oil economy – Barrels were allocated domestically, but not delivered at the scale its refining system required *Dangote Refinery Lagos — […]

TotalEnergies launches 2026 employee share offering

*TotalEnergies Chief Executive, Patrick Pouyanne. Newswire — TotalEnergies has launched its 2026 employee share offering program, continuing the company’s long-standing effort to expand employee ownership participation across its global workforce. The company said the annual […]

Oil slips $5 as US, Iran seen moving closer to peace deal

*Traders bet on oil prices falling. Singapore — Oil prices fell more than $5 to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to ‌a peace deal, […]

NNPC accuses Dangote refinery of seeking fuel monopoly in court filing

*A scale, hammer & a gavel, symbols of justice. – NNPC warns Dangote’s suit could threaten supply, price stability and energy security– NNPC says Dangote cannot prove ability to meet Nigeria’s total fuel demand– Court […]

FG targets 2,322 CNG stations, one million vehicle conversions by 2027

*Executive Chairman and Chief Executive Officer of the Presidential Initiative on Compressed Natural Gas and Electronic Vehicles, Ismaeel Ahmed. Precious Anga Lagos — The Federal Government has unveiled an ambitious roadmap to establish 2,322 Compressed […]

Sahara Energy Resources wins TXF revolving credit facility of the year award

*Sahara-Group Oritsegbubemi Omatseyin Lagos — Sahara Energy Resource, Isle of Man, a Sahara Group company, has been named winner of Revolving Credit Facility of the Year award by TXF, the leading global authority and intelligence platform […]

NUPRC mum as Bille gas fire escalates

*The escalating Bille gas fire Mkpoikana Udoma Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has remained silent as the continuous gas leaks in Bille Kingdom, Degema Local Government Area of Rivers State, ignited […]