Oando awaits regulatory nod to publish 2025 results
Oando Plc, Nigeria’s leading indigenous energy group, has announced that it is awaiting final regulatory clearance from the Financial Reporting Council of Nigeria to publish its 2025 Audited Financial Statements. The company, which is dual-listed on the Nigerian Exchange Limited and the Johannesburg Stock Exchange, disclosed this corporate update on Monday, 15 June 2026, following […]
Nigeria Gas Production Rises Amidst Growing Domestic Demand
Nigeria’s daily natural gas production rose to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, driven by increased domestic demand and the growing contribution of non-associated gas production, fresh industry data has shown. The data revealed that gas production rose to 7.93bcf/d in May 2026, representing a 0.63 per cent year-on-year increase […]
Nigeria Gas Production Rises, Domestic Sales Hit 2.18bcf/d
Nigeria’s daily natural gas production rose to 7.93 billion standard cubic feet per day in May 2026, driven by increased domestic demand and the growing contribution of non-associated gas production, fresh industry data has shown. The data revealed that gas production rose to 7.93bcf/d in May 2026, representing a 0.63 per cent year-on-year increase from […]
Shell attributes rising gas output to pricing reforms
Shell Nigeria Gas has attributed the growth in domestic gas production and investment to reforms that introduced clearer pricing frameworks and reduced policy uncertainty in the sector. The company stated this at the second business forum of the Association of Local Distributors of Gas held in Abuja, where industry stakeholders discussed ways to improve access […]
Petrol Imports Crash by N2tn in Q1 2026
Nigeria’s spending on the importation of Premium Motor Spirit, popularly known as petrol, plunged by over 96 per cent in the first quarter of 2026, marking a dramatic shift in the country’s fuel supply landscape and signaling the growing impact of local refining capacity. Latest foreign trade statistics released by the National Bureau of Statistics […]
Energia Appoints Tai Oshisanya as Independent Non-Executive
Energia Limited has appointed Tai Adetokunbo Oshisanya as an Independent Non-Executive Director on its board, effective May 2026. A statement on Sunday said Oshisanya joins the board with over four decades of distinguished leadership experience spanning the energy, financial services, pension administration, and development sectors across Africa and Europe. Her appointment, according to the company, […]
Oil Sector Attracts $460,000 in Q1 2026, NBS Reports
nigeria’s oil and gas sector recorded a 283.3 per cent increase in foreign capital inflows in the first quarter of 2026, but the industry continued to attract only a negligible share of total investments entering the country, official data have shown. Figures obtained from the latest Capital Importation Report released by the National Bureau of […]