Oil Loans Surge by 78% to N11.8 Trillion Amid Naira Depreciation
The devaluation of the naira has led to a significant increase in bank credit to Nigeria’s oil and gas sector, ...
Tag: oil and gas sector
TotalEnergies Commits $6 Billion Investment in Nigeria’s Oil and Gas Sector
French energy giant TotalEnergies has reaffirmed its dedication to business interests in Nigeria, solidifying its commitment through a high-profile meeting ...
Dangote’s Refinery Receives First 650,000 Barrels of Crude Feedstock
In a significant development, the first crude feedstock for Dangote's monumental 650,000 barrels per day (b/d) refinery has arrived in ...
Nigerian oil regulator ‘optimistic’ on Exxon asset sale to Seplat
The head of Nigeria's oil regulator expressed strong optimism that the stalled $1.28 billion asset sale by oil major Exxon ...
Surge in Crude Oil Theft Plunge Nigeria’s Oil Output To 3-Month Low, Second Lowest in 2023
The struggling oil and gas sector in Nigeria has encountered another blow as the country's crude oil production dipped to ...
Shell Appoints Ralph Gbobo as Managing Director of Shell Nigeria Gas Limited.
Shell has announced the appointment of Ralph Gbobo as the new Managing Director of Shell Nigeria Gas Limited (SNG), effective ...
Sinking Ship: Nigeria’s Fuel Subsidies Finally Cut after Spending $74.39 Billion, Leaving Citizens in Panic.
The Nigeria Extractive Industries Transparency Initiative (NEITI) recently revealed that Nigeria has spent a staggering $74.39 billion on fuel subsidies ...
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