Top Stories
African producers in the Organization of the Petroleum Exporting Countries (OPEC) witnessed stable oil production output in the third quarter (Q3) of 2025.
In the first eight months of 2025, Nigeria witnessed impressive oil and gas revenues of N10.737 trillion ($7.36 billion). In this article, we take a closer look at the five leading contributors that have boosted Nigeria’s oil revenues
Oil majors Shell Plc and TotalEnergies have faced repeated opposition from environmental groups in South Africa. Still, the supermajors appear committed to the long game, viewing the country as a potential regional hub for their broader projects across the continent.
Nigeria, a long-standing member of OPEC, has recently recorded a steady rise in oil production. Although its quota from the group remains modest, the West African nation may soon need to push for a higher output limit.
Brand Press:
Other highlights
Senegal’s push into oil and gas reflects a familiar paradox across Africa: abundant crude resources but little to no refining capacity. The newcomer to the oil scene has yet to process its own crude.
Ghana’s government received $148.7 million in corporate income taxes (CIT) from upstream oil and gas companies in the first half of 2025, a steep 59% decline compared to the $358.8 million collected during the same period in 2024.
Businessfront Over 50 celebrates companies that have powered Nigeria’s growth for over five decades, driving progress, stability, and industrial resilience.
Nigeria’s post-PIA era has been marked by a wave of divestments, with IOCs offloading onshore assets to local independents. The regulation has also spurred greater participation by indigenous firms in oil and gas investments.
More Stories
