Tag: Petroleum Industry Act

Nigeria’s oil and gas industry recorded a remarkable increase in foreign capital inflows during the first quarter of 2026, but ...

Nigeria’s oil and gas regulator has called on financial institutions to provide more funding support to operators in the industry ...

Nigeria’s oil revenue recorded a significant shortfall of N7.88 trillion against budget expectations, underscoring the persistent fragility of Africa’s largest ...

The legal battle between the Nigerian National Petroleum Company Limited (NNPC) and Dangote Petroleum Refinery has deepened as both sides ...

Nigeria, Africa’s largest crude oil producer, continues to underperform in global energy markets despite intensifying competition for oil supplies amid ...

Nigeria’s downstream petroleum sector is facing renewed tension as Dangote Petroleum Refinery has returned to court to challenge the issuance ...

Oil producers in Nigeria are accelerating production expansion plans as escalating geopolitical tensions in the Middle East tighten global crude ...

Nigeria’s Federation Account Allocation Committee (FAAC) is set to receive 100% of revenues generated from Production Sharing Contracts (PSCs) following ...

Nigeria’s local refining sector failed to utilise crude oil worth an estimated $3.13 billion in the first quarter of 2026, ...

Nigeria’s oil sector faced a major setback in the first quarter of 2026, as disagreements over crude oil pricing significantly ...