President Tinubu’s Special Adviser on Oil and Gas, Olu Verheijen, says West Africa must move beyond refining capacity to build the infrastructure, financing systems and transparent markets needed for regional…
NMDPRA chief Rabiu Umar says Nigeria is transitioning from a crude exporter into Africa's refining hub as capacity expands. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria…
US President Donald Trump says Iran will face severe military action if the Strait of Hormuz remains closed, despite ongoing discussions aimed at reopening the strategic waterway. US President Donald…
Nigeria earned an estimated N24.02 trillion from crude oil exports in the first half of 2026, exporting 182.2 million barrels as higher global oil prices boosted export values despite concerns…
Oil prices US-Iran strikes pause: Brent crude fell to $90 and WTI dropped below $84 after the US and Iran paused military strikes, easing supply fears as Nigeria watches for…
Nigeria has become the first OPEC member admitted as an associate member of the International Energy Agency while also assuming the presidency of the 2026 Gas Exporting Countries Forum, marking…
Elohor Aiboni will become the first Nigerian to hold the combined position of Executive Vice President and Country Chair for Shell in Nigeria, succeeding Marno de Jong, who is stepping…
By the Special Adviser to the President on Oil and Gas, Mrs. Olu Arowolo Verheijen At the Nigerian-British Chamber of Commerce Energy Day | Lagos, June 18, 2026 Energy in…
Oil tumbles to a three-month low as a US-Iran-Israel peace deal eases fears over global energy supplies. Global crude oil prices declined to $82 per barrel on Monday after the…
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.03 trillion to the federal, state and local governments for March 2026, drawn from a gross revenue of N2.36…
