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…
The Dangote refinery claims it has dropped the ex-gantry fuel price to N1,200 per litre. The price cut is a N75 decrease from the previous cost of N1,275 per litre.…
President Bola Ahmed Tinubu has approved the expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG) to include electric vehicles, widening the government’s clean transport strategy to cover both…
The Central Bank of Nigeria (CBN) has announced that it has removed the cash pooling requirement for international oil firms (IOCs), allowing them unfettered access to their export revenues. Cash…
Nigeria has shortened the approval period for reactivating dormant oil wells. Eniola Akinkuotu, spokesperson for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), informed TheCable that the commission is expediting processes…
Nigeria's average crude oil output in 2025 grew to 1.64 million barrels per day (mbpd), a 5.8 percent increase over the same time in 2024, according to the Independent Petroleum…
