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Latest news on oil and gas

FG Resolves OPL 245 Dispute with Eni, AGF Says Settlement Will Boost Nigeria’s Economy

The Federal Government has resolved the long-standing dispute over Oil Prospecting Licence (OPL) 245 with Italian energy giant Eni and Nigerian Agip Exploration Limited (NAEL), a development the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, says will reposition Nigeria’s

March 8, 2026

Business·News·Oil & Gas

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

Dr. Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), emphasized the urgent need for an estimated $20 billion per year to bridge the expanding gas infrastructure gap in Nigeria. Speaking at the Nigerian International Pipeline and Security

November 7, 2023

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists

Business·News·Oil & Gas

Massive Investment Needed to Revive Nigeria’s Oil Production, Says AA Holdings Chairman

The Chairman of AA Holdings, Dr. Austin Avuru, has highlighted the massive investment required to breathe new life into the country’s oil production. As Nigeria seeks to reinvigorate its energy sector and regain its foothold in the global oil market, the Chairman’s declaration

November 7, 2023

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·News·Oil & Gas

Dangote: Refined Oil To Be Sold In Dollars As Operation Begins October

Dangote Refinery will finally begin operations in October 2023, says the Group Executive Director, Devakumar Edwin.

September 19, 2023

Business·News·Oil & Gas

Breaking: NNPCL Signs MoU On Gas Supply With Indorama

The Nigerian National Petroleum Company Limited (NNPCL) has signed a landmark Memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The national oil company

September 16, 2023

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Latest news on oil and gas

FG Resolves OPL 245 Dispute with Eni, AGF Says Settlement Will Boost Nigeria’s Economy

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

Massive Investment Needed to Revive Nigeria’s Oil Production, Says AA Holdings Chairman

Dangote: Refined Oil To Be Sold In Dollars As Operation Begins October

Breaking: NNPCL Signs MoU On Gas Supply With Indorama

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