OPEC predicts positive economic outlook for Nigeria
The Organization of Petroleum Exporting Countries (OPEC) yesterday said Nigeria’s economic outlook remains positive based on oil production, infrastructure investment…
Nigeria’s first floating LNG: UTM Offshore targets September final investment decision
UTM Offshore says it is on track to take a Final Investment Decision on Nigeria’s first floating LNG project in…
Nigeria’s oil output hits 74-month high, beats OPEC quota
Nigeria’s crude oil production has climbed to its highest level in more than six years, with the country exceeding its…
Oil and gas driving Nigeria’s FDI recovery, says UNCTAD
Nigeria attracted about $4 billion in foreign direct investment (FDI) in 2025, more than double the $1.6 billion recorded in…
Nigeria’s oil producers raise alarm over excessive taxes, levies
Nigeria’s indigenous oil producers have raised the alarm over what they described as an excessive fiscal burden on the country’s…
NNPC remits N19.5tn to Federation Account in 14 months
The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, yesterday disclosed that the company remitted N19.5 trillion to…
Nigeria’s LNG exports hit N20.06trn as global trade reaches record high
Nigeria’s Liquefied Natural Gas (LNG) exports rose by one million metric tonnes (Mt) in 2025 to 14.78 Mt, valued at…
Forum highlights Nigeria’s yearly $25b oil and gas financing gap
Nigeria’s oil and gas industry’s $25 billion yearly financing gap has created opportunities for stronger partnerships between Nigeria and the…
NNPC begins evaluation of Chinese partnership to revive Port Harcourt and Warri Refineries
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its recently signed Memorandum of Understanding (MoU) with two Chinese companies…
OPEC+ raises August oil output target by 188,000 bpd as Middle East conflict eases
OPEC+ on Sunday agreed to raise its collective oil production target by a further 188,000 barrels per day (bpd) from…