Nigeria oil sector

Nigeria secures $5.5 billion from IOC divestments, raising crude production by 200,000 barrels daily and strengthening local participation

KEY POINTS The Nigerian National Petroleum Company Limited has received N318.05 billion between January and August 2025 to finance frontier oil exploration, according to documents from the September meeting of …

A dispute over crude supply between NNPC, Dangote Group, and IOCs exposes deeper issues within Nigeria’s oil industry, posing risks to economic stability.

Dangote Refinery embarks on a major initiative, registering key associations for efficient nationwide distribution of refined petroleum products, reshaping Nigeria’s oil sector.

Nigeria, Africa’s largest oil producer, is failing to attract new investment into its energy sector due to bureaucratic hurdles and regulatory uncertainty. According to data from the Nigerian Upstream Petroleum …