Nigeria’s Inflation Hits 15.93% Amid Oil Shocks – Report   Nigeria’s hard-fought, 11-month disinflation streak officially ground to a halt in March 2026, as a fresh wave of global energy disruptions forced headline inflation back on an upward trajectory, ultimately hitting 15.93 per cent in May. This...

763 Million Barrels Of Oil Produced In 12 Years - Shell   Shell Nigeria Exploration and Production Company on Sunday said it had delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017. SNEPCo, according to a...

Nigeria’s first deepwater development, the Bonga field, has been shut down, causing oil firms and the nation a huge loss of revenue estimated at N3.45bn daily. Shell Nigeria Exploration and Production Company Limited announced on Monday that the field was shut down on Saturday to...

The activities of Niger Delta Avengers, the new militant group in the oil-rich region, have forced Royal Dutch Shell to evacuate most of its staff from its production facility, Eja OML 79. This came as different security agencies and militants held separate undisclosed meetings...