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 ...

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 ...

The Humanitarian Affairs minister confirmed that he has been informed of the agency's plan to shut down operations in Nigeria. Experts and industry insiders told AFP that Nigerian oil is currently ...

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 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 ...

LAGOS/LONDON (Reuters) - Shell's exit from Nigeria's onshore oil sector highlights risks oil majors face in Africa's biggest exporter but has raised hopes that local firms could reverse the output ...

Despite ongoing midstream and downstream challenges, Nigeria’s oil industry has significantly boosted crude production, enhanced security against theft and vandalism, and improved refining ...

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 ...