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Oil and Gas

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Libya Seeks Up to $40bn to Raise Oil Output to 2m bpd by 2030

August 19, 2026

Libya needs between $30 billion and $40 billion in investment to develop its oil and gas resources and raise crude production to 2 million barrels per day by 2030, National Oil Corporation

News·Oil & Gas·Top Stories

Middle East Tensions Push Oil Prices Higher as Dangote Refinery Switches to Dollar-Based Fuel Pricing

July 14, 2026

Escalating tensions between the United States and Iran have triggered renewed volatility in global energy markets, driving crude oil prices higher and coinciding with a major pricing shift by the Dangote Petroleum

Africa·News·Oil & Gas·Top Stories

Tanzania’s Dewji Eyes $100m Investment in Dangote’s Planned East Africa Refinery

July 11, 2026

Tanzania’s richest businessman, Mohammed Dewji, has expressed interest in investing $100 million in Aliko Dangote’s proposed $17 billion crude oil refinery in East Africa, signalling growing investor confidence in what is expected

News·Top Stories·World News

Oil Slumps Below $80 as Hormuz Reopening Hopes Ease Inflation Fears, Boost Global Markets

June 16, 2026

Global oil prices plunged about five per cent on Tuesday, falling to their lowest levels in more than three months, as growing expectations of a U.S.-Iran peace agreement sparked hopes of a

Markets

Oil And Gas Investors Lose N702bn In Q1 As Demand For Shares Drop

April 12, 2025

At the end of the first quarter of 2025, oil and gas investors in the Nigerian stock market lost a whopping N702.50 billion following a decline in the demand for shares in

Business News·News·Oil & Gas

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

July 2, 2024

Oil and Gas Sector’s Low GDP Contribution The oil and gas sector in Nigeria contributes less than 10 per cent to the country’s Gross Domestic Product (GDP), according to Ofoegbu Kelechi, the

Business News

Preline Limited Splashes N17.55 billion On Eterna Plc’s Shares

November 2, 2022

Preline Limited acquired 1.3 million shares of Nigerian oil and gas firm, Eterna Plc, after triggering a mandatory takeover of the firm, to increase its stake. The company had previously acquired over

Business News·Oil & Gas

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

October 13, 2022

The Nigerian National Petroleum Company, NNPC, Limited has not remitted even N20,000 to the federal account this year according to the Kaduna State Governor, Nasir El-Rufai. El-Rufai revealed this on Thursday, stating

Naira Scarcity: CBN, Obaseki, PoS Operators Meet On Cash Disbursement

News·Top Stories

Edo Ranks Third On Solid Minerals Exploration Licences – Uzamere

September 11, 2022

Edo State has the third highest number of licenses for solid minerals exploration and the state government has committed to partnering stakeholders in the mining industry to increase production in the sector.

Oil & Gas·News

Oil & Gas Women Entrepreneurs To Benefit From $40m NCDMB/NEXIM Bank Fund – Wabote

April 28, 2022

In the quest to create level playing ground for all, $40m fund has been created for women entrepreneurs in the Nigerian oil and gas industry under the Nigerian Content Intervention Fund (NCI

Finance & Economy·News

Nigerian Content Creates 50,000 Jobs In 11 Years, Retains $8bn Yearly

February 20, 2022

Implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act has created more than 50,000 direct jobs in the past 11 years. It has also retained about $8 billion of

News

Fuel Subsidy Removal: Governors To Engage Labour Leaders For Compromise

January 20, 2022

With the fuel subsidy removal by the Nigera's Federal Government mminent, Governors have resolved to meet with leadership of Nigeria Labour Congress (NLC), and Trade Union Congress (TUC) to seek their understanding

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

News·Oil & Gas

Divert Fuel Subsidy Fund To Health, Education, Ibru Tells FG

January 20, 2022

Former President of the Nigerian Stock Exchange (NSE), Mr Goodie Ibru has joined voices with those calling for an end of fuel subsidy regime in Nigeria.

Oil & Gas

Oil Resources Ownership Claim By Niger Delta Wrong, Obasanjo Tells Clark

December 28, 2021

Former President Olusegun Obasanjo has stated that crude oil and other mineral resources in Nigeria legally belongs to the Federal Government not to any region or state where such is located.

Wabote during Realnews 9th anniversary lecture

Oil & Gas

PIA Poised To Drive Investment In Oil Industry, Says Wabote

November 19, 2021

EXECUTIVE Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has said that Nigeria’s Petroleum Industry Act passed in August this year, is an investment-friendly law

Oil & Gas·News

Senegal Seeks Nigeria’s Backing To Develop Oil, Gas Sector

August 2, 2021

Minister of State for Petroleum Resources, Timipre Sylva. Photo credit: NAN SENEGAL’S effort in seeking Nigeria’s support for the development of its oil and gas sector has been commended by the Minister

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Oil & Gas·News

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Oil and Gas

Libya Seeks Up to $40bn to Raise Oil Output to 2m bpd by 2030

Middle East Tensions Push Oil Prices Higher as Dangote Refinery Switches to Dollar-Based Fuel Pricing

Tanzania’s Dewji Eyes $100m Investment in Dangote’s Planned East Africa Refinery

Oil Slumps Below $80 as Hormuz Reopening Hopes Ease Inflation Fears, Boost Global Markets

Oil And Gas Investors Lose N702bn In Q1 As Demand For Shares Drop

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

Preline Limited Splashes N17.55 billion On Eterna Plc’s Shares

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

Edo Ranks Third On Solid Minerals Exploration Licences – Uzamere

Oil & Gas Women Entrepreneurs To Benefit From $40m NCDMB/NEXIM Bank Fund – Wabote

Nigerian Content Creates 50,000 Jobs In 11 Years, Retains $8bn Yearly

Fuel Subsidy Removal: Governors To Engage Labour Leaders For Compromise

Divert Fuel Subsidy Fund To Health, Education, Ibru Tells FG

Oil Resources Ownership Claim By Niger Delta Wrong, Obasanjo Tells Clark

PIA Poised To Drive Investment In Oil Industry, Says Wabote

Senegal Seeks Nigeria’s Backing To Develop Oil, Gas Sector

Energy Transition: Industry players say no cause for alarm

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Lithium: Will Nigeria Repeat the Oil Curse?

UN Launches Critical Minerals Scheme – Picks Nigeria Among First Six to Turn Lithium, Cobalt Wealth into Jobs

PISA 2025: East Asia Tops Global Math Rankings as OECD Scores Fall — What It Means for Africa’s Future Workforce

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

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Moghalu Urges USIU-Africa Graduates to Embrace Lifelong Learning Amid AI Disruption

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

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