Countries across Africa are preparing for the projected oil boom, and Nigeria is taking its position in the offshore ...

ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria's deepwater exploration and development for the next two ...

By Olisa Mbakwe Like a master builder laying the foundation for a towering skyscraper, Engr. Gbenga Komolafe is constructing ...

Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...

In the early 2010s, Nigeria was a rising star in Africa’s economic story. The country was not just the most populous on the ...

Nigeria's Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers ...

The net reserve position has also made an impressive fivefold recovery from a low of US$4 billion in 2023 to US$23.1 billion ...

The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase oil production for the second time in two months, adding 411,000 barrels per day to its production quota in ...

ShareThe continued oil prices fall at the global market is gradually worsening Federal Government’s projections with regard ...

According to the Federal Ministry of Water Resources, the actual irrigated area in Nigeria currently is 5.4 per cent as of ...