Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill passed by the National Assembly on Thursday, Punch reports. Companies holding refining l...

Oil prices hit multi-year highs on Tuesday after OPEC+ producers clashed over plans to raise supply to meet rising global demand, Reuters reports.  Brent crude hit a session high of $77.84, a level not seen since Oct...

According to Reuters, both chambers of Nigeria’s parliament have passed a bill that overhauls nearly every aspect of the country’s oil and gas production, putting a project that has been in the works for two d...