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Nigeria

  • Oil & Gas

    Nigeria’s Petrol Price Remains Lowest in West Africa Despite Naira Devaluation

    by Motoni Olodun February 20, 2024
    by Motoni Olodun February 20, 2024

    Nigeria, Africa’s largest oil producer, has the cheapest petrol price in West Africa, even after the recent devaluation of its currency, the naira, against the US dollar. According to data …

  • In the News

    Nigeria’s Power Minister Seeks Gas Solution After National Blackout

    by Motoni Olodun February 5, 2024
    by Motoni Olodun February 5, 2024

    Nigeria’s Minister of Power, Adebayo Adelabu, has announced plans to collaborate with the Ministry of Petroleum Resources to boost gas supply to generation companies (GENCOs) for power generation. This comes …

  • Markets

    Shell’s Exit from Nigeria: A $2.4 Billion Deal in the Making

    by Motoni Olodun February 2, 2024
    by Motoni Olodun February 2, 2024

    Shell, one of the world’s largest energy companies, is close to finalizing the sale of its Nigerian onshore subsidiary, SPDC, to a local consortium for $2.4 billion. The deal, which …

  • Oil & Gas

    Dangote Refinery Breaks New Ground with US Crude Oil Purchase

    by Motoni Olodun January 30, 2024
    by Motoni Olodun January 30, 2024

    Nigeria’s Dangote refinery, the largest in Africa, has made history by importing crude oil from the US for the first time. The refinery is seen as a game-changer for Nigeria’s …

  • In the News

    Nigeria Faces Electricity Crisis: 4 in 10 Depend on Generators as Grid Falters

    by Adenike Adeodun January 26, 2024
    by Adenike Adeodun January 26, 2024

    In Nigeria, 40% rely on generators amid grid issues; renewable energy rises to meet growing electricity demand and challenges.

  • In the NewsMarkets

    Nigeria to Sell Five Power Plants for $1 Billion Amid Energy Crisis

    by Motoni Olodun January 25, 2024
    by Motoni Olodun January 25, 2024

    Nigeria’s government is planning to sell five power plants under the National Integrated Power Projects (NIPP) for about $1 billion, according to a report by BusinessDay. The move is part …

  • Oil & Gas

    Chevron Seeks to Boost Nigeria’s Oil and Gas Potential in Meeting with President Tinubu

    by Motoni Olodun January 24, 2024
    by Motoni Olodun January 24, 2024

    Chevron, one of the world’s leading energy companies, has expressed its interest in partnering with Nigeria to unlock further oil and gas potential, tapping into the nation’s “tremendous human capacity”. …

  • Oil & Gas

    Nigeria’s Oil Boom Continues as Production Surges to 1.34 Million BPD

    by Motoni Olodun January 18, 2024
    by Motoni Olodun January 18, 2024

    Nigeria, Africa’s largest oil producer, has seen a significant boost in its crude oil output in December 2023, signaling improved earnings from the vital resource. According to the latest Monthly …

  • Energy Transition

    Nigeria’s Solar Power Breakthrough: How a New Project Could Light Up the Country

    by Motoni Olodun January 17, 2024
    by Motoni Olodun January 17, 2024

    Nigeria, Africa’s most populous nation and largest economy has long struggled with chronic power shortages that hamper its development and frustrate its citizens. But a new pilot project in Niger …

  • In the News

    Shell Exits Nigeria’s Onshore Oil After Century of Strife

    by Victor Adetimilehin January 17, 2024
    by Victor Adetimilehin January 17, 2024

    Shell, the British energy giant, has agreed to sell its onshore oil and gas business in Nigeria to a consortium of mostly local companies for up to $2.4 billion, ending …

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Nigeria’s Oil Boom: Record Production in September 2023

Chevron Plans Major Increase in Oil and Gas Exploration
Ikeja Electric Begins Meter Refunds for Customers

Latest Stories

Chevron Plans Major Increase in Oil and Gas Exploration
Ikeja Electric Begins Meter Refunds for Customers
QatarEnergy Warns Hormuz Crisis Could Delay Expansion Projects

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