A group, The Democratic Front (TDF) has said that Nigeria is a top investment destination in oil and gas. The group noted that the announcement of a $5 billion Final Investment Decision (FID) by Shell on the Bonga North Deep Offshore field is yet another proof of the investment-friendly mindset of the Tinubu administration. In a press statement on Thursday signed by its Chairman, Mallam Danjuma Muhammad and Secretary Chief Wale Adedayo, the group noted that...

Dangote Petroleum Refinery has marked a major milestone by exporting petrol to Cameroon for the first time. The collaboration with Neptune Oil, a leading Cameroonian energy company, is being hailed as a step forward for Africa’s “regional energy integration.” Announcing the development on Wednesday, Dangote Refinery described it as a bold move to tackle rising energy demands while strengthening economic ties between Nigeria and Cameroon. “This milestone, resulting from a strategic collaboration between the two...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims that it has approved Shell International Plc’s $1.3 billion sale of its onshore assets to Renaissance Consortium. Mrs. Olaide Shonola, Head of Public Affairs and Corporate Communication, who signed the press statement on Wednesday, emphasized that the information published in Businessday on September 11, 2024, is incorrect and didn’t originate from the Commission. NUPRC had confirmed its commitment to transparency and stated that it will...