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Nigeria's oil, gas reserves hit 37bn barrels, 215 TCF - NUPRC

Nigeria, April 2 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria's total oil and condensate reserves stood at 37.01 billion barrels as of 1 January 2026, while gas reserv... Read More


Nigeria gov't approves new Chicken variety 'MoorBeta'

Nigeria, April 1 -- The Federal Ministry of Livestock Development has announced the approval of a new indigenous meat-type chicken, MoorBeta, for commercialisation in Nigeria, as part of a broader str... Read More


Afreximbank leads $2.5bn backing for Dangote Refinery in landmark $4bn deal

Nigeria, April 1 -- The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE (DPRP).... Read More


UN wildlife summit expands protection for 40 migratory species

Nigeria, March 31 -- Parties at the United Nations wildlife conservation summit have agreed to expand protection for dozens of migratory species, amid growing evidence that many are moving closer to e... Read More


Dangote Refinery cuts petrol gantry price to N1,200

Nigeria, March 27 -- Dangote Petroleum Refinery has reduced its gantry price for petrol to N1,200 per litre and its coastal price to N1,153 per litre, amid ongoing tensions in the Middle East that con... Read More


NUPRC signs agreement to boost offshore exploration

Nigeria, March 26 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No. 5 agreement with SeaSeis Geophysical Limited, authorising the fi... Read More


26 people injured in Abuja-Kaduna train accident - Report

Nigeria, March 17 -- The Nigerian Railway Corporation (NRC) said at least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna-Abuja train.... Read More


US/Israel-Iran War: What Nigerian businesses, government must do to withstand energy shock - CPPE

Nigeria, March 16 -- The Centre for the Promotion of Private Enterprise (CPPE) has urged Nigerian businesses and the government to adopt urgent proactive measures to cushion the impact of rising energ... Read More


Federation gets full PSC profit as Tinubu's executive order takes effect

Nigeria, March 15 -- Nigeria's Federation Account received full remittances of profit from Production Sharing Contracts (PSCs) from the Nigerian National Petroleum Company Limited (NNPC Ltd.) in Febru... Read More


Middle East conflict shows Nigeria can help diversify global oil supply - Tuggar

Nigeria, March 12 -- Nigeria's Minister of Foreign Affairs, Yusuf Tuggar, has said the ongoing conflict in the Middle East underscores why Gulf oil and gas producers should view Nigeria as a partner r... Read More