Nigeria granted its state oil firm, the Nigerian National Petroleum Corp's (NNPC), an approval to acquire around 20% of Dagnote oil refinery stake for $2.76 billion.

The Department of Petroleum Resources (DPR) stated that Nigeria has recorded gas reserves amount to 206.53 trillion standard cubic feet (tscf) in 2020 compared to 202 tscf in 2019.

The state owned Nigerian National Petroleum Corporation has completed negotiations to take a lone from the Afreximbank of $1 billion for repairing its Port Harcourt refinery during the Q1 2021.

The Nigerian Head of the Department of Petroleum Resources (DPR), Sarki Auwalu, said that he expected that Nigeria will obtain $500 million from the signature bonus of marginal oil fields.

Heirs Holdings Company announced it has acquired of in partnership with Transactional Corporation of Nigeria a stake of 45% in Nigerian Oil License OML 17 and related assets from companies of Shell, Total and Eni through TNOG Oil and Gas limited.

Nigeria, Africa’s top oil producer, has given the green light to construct a series of mini-plants with the government licensing a total of 40 mini-refineries in an effort to help end its dependency on fuel imports.

 Tarek El Molla, Minister of Petroleum and Mineral Resources, met with Nigeria’s Minister of State for Mines and Steel Development, Uchechukwu Sampson Ogah, to improve cooperation in the field of mining and collaborate on proposed joint projects between the two countries.

SEPLAT Petroleum Development Company (SEPLAT) is set to initiate work on the construction of a $700 million gas plant at Assah, encouraging rural development and create jobs.

The Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration and Petroleum Development Company (FIRST) Joint Venture (JV) has announced the commencement of oil production from the Anyala West oil field.

Nigeria has finally produced an oil bill to modernize Nigeria’s oil sector and de-nationalize the Nigerian National Petroleum Company (NNPC).