Africa is poised for a significant leap in oil and gas investment, as $10 billion in funding will be mobilised through the newly established African Energy Bank to support strategic energy projects across the continent.

This announcement was made by the Secretary General of the African Petroleum...

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Nigeria’s President, Bola Ahmed Tinubu has expressed readiness to collaborate with African nations, global partners and the private sector to deliver cleaner, affordable, inclusive, and more secure energy.

President Tinubu, on Tuesday, in Abuja, opined that energy plays a critical role as the...

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The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has disclosed that Nigeria approved 28 new Field Development Plans (FDPs) valued at $18.2 billion, unlocking an estimated 1.4 billion barrels of crude oil reserves in 2025 alone.

Lokpobiri disclosed this on Tuesday at...

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Amidst domestic refiners in the Nigerian market struggling to meet crude requirements, their counterparts in the exploration end exported an estimated 306 million barrels of crude oil between January and October 2025.

This was detailed in a report from the Central Bank of Nigeria (CBN).

The data...

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There are strong indications that key government regulatory agencies mandated to implement President Bola Ahmed Tinubu’s directive on the Reduction of Petroleum Sector Contracting Costs and Timelines are failing to comply.

Their failure raises concerns that Nigeria’s ambition of producing 2.5...

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