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'We will take a final investment decision next year'.

Nigeria spent more than $10 billion in a decade on three oil refineries that produced hardly any fuel, a parliamentary report said.

The full ramp up of Africa's largest oil refinery is still a long way off.

The agreement targets 400-500 MMcfpd of gas.

The two projects have 'enormous impact all over the country because they are central to the commercialization of Nigeria's abundant gas resources".

NNPC said the government's decision to end fuel subsidies has set the stage for sustained profitability.

Eni's failure to obtain NNPC's prior authorization for the sale 'constitutes a grave breach'.

A local accountability watchdog has dragged NNPC to court accusing the national oil and gas company of failing to remit billions of oil money to the state.

A glut of unsold Nigerian oil has built up again.

Nigeria-based Riverside LNG said it's in talks to supply gas to South Africa, in what would be the first such deal between the two countries.