In the News

KEY POINTS Nigeria’s large deposits of rare-earth minerals such as monazite and neodymium, alongside expanding lithium exploration and early electric-vehicle assembly efforts, are strengthening expectations that the country could become …

KEY POINTS Nigeria’s crude oil production rose to 1.459 million barrels per day in January 2026, according to the latest Monthly Oil Market Report released by the Organization of the …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, reported that it remitted N14.706 trillion in statutory payments to the Federal Government of Nigeria between January and December 2025. The …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has announced a temporary reduction in gas supply to some electricity generation companies from February 12 to February 15, 2026. The …

KEY POINTS The Dangote Petroleum Refinery has attained full operational capacity, with its Crude Distillation Unit and Motor Spirit production block now running at their designed limit of 650,000 barrels …

KEY POINTS Dangote Reduces Ex-Depot Petrol PriceDangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, lowering the gantry price from N799 to …

KEY POINTS The Nigerian oil and gas sector has rebounded sharply on the Nigerian Exchange in 2026, climbing more than 31% year-to-date. This performance has outpaced the industrial goods sector, …

KEY POINTS Nigeria’s benchmark oil, Bonny Light, fell below $69 per barrel during the second trading session of the week. The drop in oil prices comes as escalating tensions between …

KEY POINTS Aiteo, one of Africa’s largest privately owned energy companies controlled by Nigerian billionaire Benedict Peters, has secured a rare exploration license in Libya, marking a major milestone both …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has urged international investors to take advantage of opportunities in Nigeria’s forthcoming 2025 petroleum licensing round. Speaking at the Sub-Saharan Africa …