Nigeria oil News
Latest articles and news about Nigeria oil on AXL Media.
Latest Articles
- Seplat Energy Reports $840.7 Million Revenue and Doubles Dividend Following Significant Production Growth
Published: Apr 30, 2026
Section: Africa
Seplat Energy PLC achieved a 62.7% surge in first quarter profit to $37.9 million, supported by a 9% increase in production levels and favorable global oil prices. The dual listed...
- Global Crude Oil Benchmarks Hit Four Year Highs As Persian Gulf Conflict Threatens Strategic Energy Shipping Routes
Published: Apr 4, 2026
Section: Africa
WTI crude futures have surged past 112 dollars per barrel while Brent crude exceeded 109 dollars following intensified military rhetoric in the Persian Gulf. The market rally refle...
- United Nations and African Development Bank Warn of GDP Contraction as Middle East Conflict Disrupts Continental Trade
Published: Apr 3, 2026
Section: Africa
A joint report by the African Union and UN agencies indicates that African economies risk losing 0.2 percentage points of GDP growth in 2026. The findings, presented in Morocco, hi...
- Niger Delta leaders warn of national economic peril if pipeline security contracts undergo decentralization
Published: Mar 30, 2026
Section: Africa
Regional stakeholders under the Niger Delta Watchdog have issued a formal communique advising the federal government against altering the current pipeline security framework. The g...
- Nigerian Regulators Slash Approval Wait Times From Weeks To Hours To Revive Idle Oil Wells Amid $100 Prices
Published: Mar 26, 2026
Section: Africa
The Nigerian Upstream Petroleum Regulatory Commission has implemented a fast-track permit system to restart dormant oil wells, reducing processing times to mere hours. This aggress...
- Atiku Abubakar Challenges Federal Government Claims Over Final Resolution of OPL 245 Oil Block Dispute
Published: Mar 23, 2026
Section: Africa
Former Vice President Atiku Abubakar has labeled the government’s reported settlement of the OPL 245 dispute as premature following a new legal challenge by Malabu Oil and Gas. The...
- Federal Government Mandates Immediate Oil Production Surge to Capitalize on Global Energy Supply Shortfalls
Published: Mar 19, 2026
Section: Africa
Minister of State for Petroleum Resources Heineken Lokpobiri has challenged oil and gas operators to accelerate output during a strategic industry meeting in London. The directive...
- Minister Heineken Lokpobiri Urges Oil Operators to Accelerate Production at London Summit; Affirms Federal Government’s Commitment to Investment Stability
Published: Mar 17, 2026
Section: Africa
Speaking at the Cross Industry Group (CIG) meeting in London, the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, called on industry players to reciprocat...
- Nigeria Positions as Strategic Energy Alternative for Gulf Investors Amid Critical Middle East Oil Supply Disruptions
Published: Mar 12, 2026
Section: Africa
Foreign Minister Yusuf Tuggar has urged Gulf oil producers to diversify their market share by investing in Nigeria’s growing energy sector as conflict threatens the Strait of Hormu...
- President Tinubu Resolves 15-Year OPL 245 Dispute to Unlock 150,000 Barrels Per Day Deepwater Investment
Published: Mar 6, 2026
Section: Africa
President Bola Tinubu has announced a definitive settlement between the Nigerian government, Eni, and Nigerian Agip Exploration Limited, ending a decade and a half of litigation ov...