Nigerian oil tycoon Ernest Azudialu-Obiejesi's Nestoil pays lenders another $40 million
Ernest Azudialu-Obiejesi's Nestoil has paid its lenders another $40 million under an EFCC-brokered plan, taking total repayments to $100 million.
Nigerian oil
Dangote Refinery imports first UAE crude cargoes from Middle East
Dangote Petroleum Refinery has purchased its first two UAE crude oil cargoes, marking a historic shift in the refinery's feedstock sourcing strategy amid persistent Nigerian crude supply constraints.
Nigerian energy group Aradel Holdings posts $552 million profit in 2025
Aradel Holdings has posted N757.3 billion profit after tax for FY 2025, up 192%, as landmark acquisitions fundamentally reset the scale of Nigeria's leading indigenous energy group.
Ex-Nigerian Oil Minister Alison-Madueke cleared of bribery by London jury
A London jury has cleared Diezani Alison-Madueke of all bribery charges after a five-month trial, closing an eleven-year chapter for Nigeria's former oil minister.
Nigerian lawmakers reject move to break up Tompolo's Tantita pipeline contract
Nigerian lawmakers and Niger Delta stakeholders have formally rejected calls to decentralise Tompolo's Tantita pipeline surveillance contract, backing a long-term extension instead.
Report says Jeffrey Epstein explored Nigeria oil trade, then walked away over fraud fears
A report says Jeffrey Epstein explored a Nigerian crude deal in 2010 but pulled back, telling an associate he feared being defrauded.