News
Industry updates and insights from Raffles Energies.
Idris: Nigeria Will Deploy Gas as Catalyst for Industrial Growth
Nigeria will deploy its over 200 trillion cubic feet of natural gas reserves as a catalyst for industrial growth, the Minister of Information and National Orientation, Mohammed Idris has declared, stressing that the quantity of gas reserves in the country ranks the nation among the largest in Africa.
Read moreNigeria’s gas ambitions should begin at home
In 2021, Nigeria declared a Decade of Gas, positioning natural gas as the bridge fuel for industrialisation and the centrepiece of its energy strategy. The ambition was, and remains, the right one. With more than 200 trillion cubic feet of proven reserves, Nigeria possesses Africa’s largest gas endowment and one of the world’s most significant untapped energy resources.
Read moreNigeria retains Africa’s upstream investment lead despite capital decline
Nigeria has retained its position as one of Africa’s dominant oil and gas investment destinations despite a sharp decline in upstream capital flowing into the continent, with the International Energy Agency revealing that the country and four other major producers still account for 70 per cent of Africa’s upstream investment and 80 per cent of its crude oil and gas production.
Read moreUS-Iran war: Nigeria tops Africa in petrol price surge
Nigeria recorded the sharpest increase in petrol prices across Africa during the first half of 2026, with pump prices surging by 39.5 per cent as the Middle East conflict disrupted global crude oil supplies.
Read moreNLNG eyes Trains 8-10, generates $150bn revenue
NLNG has unveiled plans to expand its liquefied natural gas (LNG) production beyond the ongoing Train 7 project, announcing that it has begun preliminary work on Trains 8, 9 and 10.
Read more