Business

Oil sector reforms attract $24bn new capital –

  • 10th April 2026

Reforms attract over $10bn investment in upstream oil

  • 10th April 2026

FG begins assessment of $200bn integrated infrastructure proposal

  • 10th April 2026
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN warns banks against excessive risk-taking after recapitalisation

  • 10th April 2026

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Tag: Oil Sector

Oil and Gas

Oil sector reforms have attracted $24bn investments — NNPCL

The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline, as the country intensifies efforts to achieve its three million barrels per day production target. The Group Chief Executive Officer of NNPC Ltd, Bayo […]

News

NEITI, EFCC, ICPC strengthen alliance against corruption in oil sector

The Nigeria Extractive Industries Transparency Initiative has intensified efforts to strengthen accountability in Nigeria’s oil, gas, and mining sectors by deepening its strategic partnership with the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission. The renewed commitment was disclosed in a statement issued on Friday by NEITI’s Director […]

Oil and Gas

PANDEF endorses Tinubu’s oil sector reforms

The Pan-Niger Delta Forum has formally endorsed the ongoing reforms in Nigeria’s oil and gas sector under President Bola Ahmed Tinubu, describing recent developments as a decisive departure from years of policy drift and regulatory uncertainty in the industry. Speaking in Abuja during an interaction with journalists, PANDEF’s National Publicity Secretary, Ambassador Gidknows Igali, said […]

Global oil supply hits record high in August - IEA
Oil and Gas

Global oil supply hits record high in August – IEA

Global oil supply climbed to a record high in August as OPEC+ and other producers boosted output, with the prospect of a surplus keeping prices subdued, the International Energy Agency (IEA) reported on Thursday. Eight core members of the OPEC+ alliance, including Saudi Arabia and Russia, have been steadily raising production since April after years […]

FG threatens to revoke oil block licenses over inactivity
Oil and Gas

FG seeks foreign firms’ return to Nigeria’s oil sector

The Federal Government has called on major Engineering, Procurement and Construction firms to return to Nigeria’s oil and gas industry, insisting that the challenges that once forced them out have been dismantled through reforms and fresh incentives. The call was contained in a statement by Nneamaka Okafor, the Special Adviser on Media and Communication to […]

Monthly petrol import drops by 990m litres - Minister
Oil and Gas

Operators lament oil sector investments uncertainty despite PIA

Operators in Nigeria’s oil and gas sector stated on Monday that even after the Petroleum Industry Bill was passed almost two years ago, there was still uncertainty surrounding investments in the sector. The Punch reported that the sector leaders linked Nigeria’s low oil production and income decline to investment anxiety, urging the National Assembly to reconsider the PIA […]

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