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 ...

In addition to improving reporting in the energy industry, Nigeria’s oil and gas industry is demonstrating significant advances that give high hopes for the longevity of the industry.

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 ...

Nigeria’s in-country fabrication capacity in the oil and gas industry has now surpassed national demand, enabling local companies to provide fabrication services to other African countries and ...

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 ...

That covers our daily consumption." The Nigerian oil industry has been hampered in recent years by theft and corruption. On Monday, the Nigeria Extractive Industries Transparency Initiative said ...

Nigeria oil industry scrambles as price fall slams economy 17 August 2024 at 5:12. The collapse in oil prices linked to the coronavirus crisis has seen Nigeria's revenues from crude dry up and ...

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 ...

Nigeria's president Bola Tinubu has signed an executive order designed to reduce costs and increase revenue from oil and gas projects. The new upstream petroleum operations cost efficiency ...

The Nigeria oil industry is without doubt the mainstay of its economy and has also acted as a stabilizing factor for national security, peace and development. In view of this indisputable fact ...