By Davida Ademuyiwa For decades, Nigeria’s oil story read like a cautionary tale of squandered potential. The discovery of crude in Oloibiri in 1956 – by...
Reuters | Nigeria’s state oil firm, NNPC Ltd has revealed that one of its subsidiaries has agreed to supply 100 million standard cubic feet of gas...
Bloomberg | African billionaire Aliko Dangote is wealthier than ever now that his long-awaited Nigerian oil refinery is up and running. But his mood suggests a...
Aliko Dangote, the Founder and Chairman of the Dangote Group, announced that the Nigerian National Petroleum Corporation (NNPC) Limited no longer holds a 20 percent stake...
Reuters | The Dangote oil refinery in Nigeria on Friday received its first cargo of 1 million barrels of crude oil from Shell International Trading and...
The move would turn the state-owned oil company into a private firm, and allow it to sell shares in the future.
The NNPC said it had signed term sheets with Dangote Group for the stake in its 650,000-barrel-per-day oil refinery
The Buhari administration in Nigeria is breaking up an all-encompassing oil bill that has been stuck in the federal parliament for years, replacing it first with...
Nigeria’s state oil company – the Nigerian National Petroleum Corporation (NNPC) has banned over 100 oil tankers from the country’s waters, citing a directive from president...
In furtherance of its commitment to boosting gas processing in the country, Nigeria is set to construct the first and largest gas industrial park in Africa,...
World’s eighth largest exporter of crude oil and Africa’s largest economy, Nigeria, is now the biggest importer of kerosene from the United States, a new data...
Immediate Past Nigeria Central Bank Governor, Lamido Sanusi. PHOTO/File Nigeria’s President Goodluck Jonathan on Thursday suspended the Central Bank governor in a surprise move that halted...
Nigeria’s Senate is ordering a forensic audit to track down billions of missing petrodollars. The Central Bank of Nigeria last year reported nearly US$50 billion worth...
Kaduna Refinery (Bloomberg) – Nigeria, Africa’s largest oil producer, plans to begin privatizing its 4 state-owned oil refineries before the end of the first quarter of...
Nigeria President Goodluck Jonathan. PHOTO/File The president of Nigeria Goodluck Jonathan has requested and accepted the resignations of the executives of the oil-rich West African nation’s...
A Nigerian oil company says it paid US$147.5 million for a stake in an onshore oil field once owned by Royal Dutch Shell PLC, Eni SpA...
