Foreign direct investment (FDI) flow into Nigeria climbed to roughly $4 billion last year, according to UNCTAD’s World Investment Report 2026. The report stated that “Inflows...
As part of a strategy to draw more fresh investments into Nigeria’s upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presented Petroleum Prospecting Licences...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has welcomed ExxonMobil’s decision to invest $1bn in the Usan Infill Project located in Oil Mining Lease 138. The...
The Economic and Financial Crimes Commission on Wednesday arraigned the immediate past Managing Director of the Port Harcourt Refining Company Limited, Ahmed Dikko, before the Federal...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has chosen a performance-driven funding model for financing the Port Harcourt and Warri refineries, with the aim of...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that the United States, Europe and countries in the Middle East are increasingly seeking...
Oil prices soared and stock markets slid Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle...
Indigenous oil producers have warned that Nigeria’s upstream petroleum sector is being weighed down by more than 270 different taxes, fees and statutory levies. They maintain...
A 700,000-bpd East African oil refinery proposed by Africa’s richest man, Aliko Dangote, will be built in Kenya, a senior company official said Tuesday, putting a...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has pledged to run the sector with stricter standards of transparency, equity, and predictability as the country...
