Global brokerage firm, EBC Financial Group has said that Nigeria’s foreign reserves currently at $51 billion remain ...

The Federal Government has reaffirmed its commitment to sustaining reforms across Nigeria’s petroleum industry, stating that ...

Nigeria’s total proven oil and condensate reserves declined marginally to 37.01 billion barrels as of January 1, 2026, while gas reserves recorded an increase to 215.19 trillion cubic feet (TCF), ...

Nigeria’s ambition to become a global gas powerhouse may have received a major boost following the signing of a 15-year gas supply agreement for the country’s first Floating Liquefied Natural Gas ...

made this known in a press statement yesterday. The Commission attributed the slight change in the January oil and condensate reserves by 0.74% to production in 2025 and reserves update due to field ...

Nigeria’s crude oil reserves dipped to 37.01billion barrels as at January 1, 2025 from the 37.28bb recorded on January 1, 2026. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief ...

Nigeria's admission as an Association country of the International Energy Agency (IEA) marks one of the country's most ...

| Says country committed to being globally competitiveThe federal government has assured investors that it will soon resolve the lingering problem of more than 270 taxes, levies andñ regulatory ...

Nigerian oil producer Renaissance Energy said on Tuesday it had made an oil discovery offshore Nigeria after drilling an ...

Renaissance Makes Offshore Oil Discovery at Oil Mining Lease (OML) 74, Strengthening Nigeria’s Production Growth Strategy ...

Almost none of this improvement is of Nigeria’s own making. The gains are exogenous: they originate outside the domestic economy, and what arrives from outside ...

By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has formally presented Petroleum ...