Oil and Gas

RMAFC has begun consultations with government agencies and petroleum-sector stakeholders ahead of a proposed Oil and Gas Investment Summit in China, tentatively scheduled for late November 2026.

Investors and business leaders from more than 50 countries are expected in Nigeria for the November 10–11 International Investors Summit 2026, with organisers targeting more than $100bn in investment opportunities and commitments. The proposed investment pipeline covers oil...

New executive order replaces years of project-by-project bargaining with a transparent incentive framework aimed at restoring investor confidence. Federal Government targets up to $50 billion in fresh deep offshore investments, with the $10 billion Bonga South West project...

June 14, (THEWILL) — Determined to build Nigerian workforce with practical skills for top careers in the local and international oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Chevron Nigeria Limited (CNL)...

May 21, (THEWILL) — Billionaire businessman and philanthropist, Femi Otedola, has revealed plans to invest $100 million in the forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, further signalling growing investor confidence in the mega refinery...

March 15, (THEWILL) — The Nigerian Petroleum Industry has been hit by challenges in recent time. One of the most recent challenges was the irreversible disruption of the market by Dangote, the sabotage from those whom we thought...

March 08, (THEWILL) — The probability that the Iran vs. US-Israel standoff will degenerate into a full-blown conflict is no longer a scenario, but a clear fact unfolding in real time. As of Sunday, 1 March 2026, the American and...

September 30, (THEWILL) — Nigeria’s power generation slipped below 4,000 megawatts on Tuesday as the strike by oil and gas workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) entered its second day. The industrial action,...

May 11, (THEWILL) – The recent handling of Nigeria’s naira-for-crude oil sales to local refineries has brought long-standing gaps in the nation’s economic planning into sharp relief. The under-utilisation of domestic crude as a tool for sustainable growth and the...

April 23, (THEWILL) - Nigeria has launched new fiscal incentives, a cornerstone of the Presidential Directive aimed at enhancing the Nigerian oil & gas sector's global competitiveness while stimulating economic growth. Wale Edun, Minister of Finance and Coordinating Minister...