By Thomas AgboolaBY the twilight of 2024, Nigeria’s local content participation in oil and gas had risen to an unprecedented 56 percent, as reported by the Nigerian Content Development and Monitoring ...

Nigeria’s in-country fabrication capacity in the oil and gas industry has now surpassed national ... under the Board’s 10-Year Strategic Road Map, initiated in 2017. “We now have excess ...

A chief economist at Shell once described Nigeria as the “jewel in the crown” of the oil major’s empire. Yet in recent years the jewel has lost its lustre. Early this year Shell, which has ...

Nigerian President Bola Tinubu has signed an executive order introducing a performance-driven framework for oil sector ...

Over the past three years, Nigeria’s crude oil exports have essentially halved, according to Petro-Logistics. Persistent underinvestment in the Nigerian oil industry and the perennial problem ...

Nigeria's oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organization of the Petroleum Exporting ...

Nigeria on Monday commissioned the Dangote oil refinery — considered a ‘game-changer’ in ending the country’s fuel imports. Outgoing President Muhammadu Buhari commissioned the 650,000 ...

Shell – which pioneered Nigeria's oil industry – is the most prominent Western company to exit the Delta, a region blighted by pollution, oil theft and pipeline vandalism. Those issues have ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigeria’s oil and gas industry, the source of much of the country’s foreign receipts and more than half ...