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Coming SoonRecent developments in Nigeria's Oil & Gas sector
President Bola Tinubu commends the commencement of full operations at Nigeria's first indigenous methanol and ammonium bicarbonate plant in Ondo State, calling it a "milestone in local chemical and fertilizer production." The SuperTech facility has an annual production capacity of 100,000 metric tons of methanol and 160,000 metric tons of ammonium bicarbonate.
November 2025Leading energy companies join forces to accelerate oil and gas development initiatives across Nigeria, focusing on indigenous participation and sustainable growth in the sector.
June 2025Global crude oil price increases impact domestic fuel costs as Nigeria adjusts to international market dynamics and local refining challenges.
January 2025NNPC reports significant progress in Port Harcourt refinery rehabilitation, marking a major milestone in Nigeria's quest for energy self-sufficiency and refined product security.
December 2024Major asset divestment agreement concluded between NNPC and ExxonMobil, paving the way for increased indigenous participation in Nigeria's upstream oil sector.
May 2024Nigerian Upstream Petroleum Regulatory Commission launches new licensing round, offering strategic oil blocks to attract investment and boost production capacity.
April 2024Federal Government accelerates renewable energy initiatives, targeting significant capacity additions to diversify Nigeria's energy mix and support climate goals.
July 2024