Nigeria has approved a ₦185 billion ($128m) payment to settle longstanding gas debts owed to suppliers, aiming to restore investor confidence, increase gas supply to power plants, and improve national electricity output.

Chevron confirms participation in Nigeria’s 2025 oil licensing round and plans to deploy a drilling rig in late 2026 as part of a broader strategy to expand its operations under improved regulatory conditions.

OPEC’s crude oil production slipped by 30,000 bpd in November due to outages in Nigeria and Iraq, despite an OPEC+ agreement to raise output.

A new Rockefeller Foundation report says next-generation nuclear technologies, including SMRs, could supply up to 30% of electricity and cut system costs by 31% in emerging economies like Nigeria, Brazil, Ghana and India.

AIFES warns that Ogoni communities in Rivers State are experiencing a dual crisis of long-term oil pollution and escalating climate change impacts, deepening vulnerability and threatening livelihoods.