Oil and Gas

Nigeria’s foreign exchange reserves have climbed to $58.81bn, their highest level in nearly 18 years, strengthening the country’s external position as oil and gas investment, export earnings and corporate performance become increasingly important to sustaining the gains.

Stakeholders from oil and gas host communities in Bayelsa State, including the Ijaw National Congress (IYC) Worldwide, have called for increased engagement between the Federal Government and the communities to ensure maximum security of the pipelines and increased output for the country.

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,...