Isaac Anyaogu

Chevron said on Friday it will participate in Nigeria’s next oil licensing round and plans to deploy a drilling rig in late 2026 as it seeks to expand operations in Africa’s top energy producer.

TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its Nigerian partner, bringing its holding to 90%, the French group said on Wednesday.

Nigeria's Dangote Petroleum Refinery, Africa's largest oil refinery, is ramping up output to meet national petrol and diesel demand, it said on Saturday, after the government approved a new import tariff on fuel aimed at protecting domestic production.

Nigerian state-owned oil firm NNPC Ltd is seeking technical equity partners to help revive three of its refineries which have remained idle despite significant investments, its chief executive said on Thursday.

Nigeria has approved a 15% import duty on petrol and diesel, according to a presidential memo seen by Reuters on Thursday, as the government seeks to protect multi-billion-dollar investments in domestic refining by curbing an influx of cheaper fuel.

Nigeria will impose fines of up to 12 million naira ($8,200) and jail terms of up to 10 years on traffickers of ivory, pangolin scales and other wildlife in a sweeping new bill passed by its Senate on Tuesday.

Nigeria's Dangote Refinery said on Friday that recent reductions in crude oil inflows were a strategic response to elevated global prices, not the result of operational failures.

Nigeria has commissioned its first wholly owned Floating Storage and Offloading vessel near its Bonny export terminal, one of the companies which developed it said, as Africa's biggest oil producer seeks to improve its crude export infrastructure.

Nigeria's daily oil and gas production slumped during a brief nationwide strike by oil workers' union PENGASSAN that was called off on Wednesday after government-mediated talks with Dangote Refinery, according to an impact report seen by Reuters.

Nigerian President Bola Tinubu declared on Wednesday that the “worst is over” following a series of painful economic reforms that have left millions struggling with rising costs and deepening poverty.