Nigeria Offers Shell $11.50 Tax Credit to Unlock $20 Billion Deepwater Project
Nigeria gazetted an $11.50-per-barrel Bonga Southwest tax credit for Shell, unlocking a potential $20B investment on 820M barrels of reserves....
July 17, 2026Section
Nigeria News in English
The Rio Times covers Nigeria daily in English — the naira, oil, politics and business in Africa’s largest economy. Today’s Nigeria news in English, updated every day, with market data and analysis for international readers.
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Nigeria Pushes Yuan and BRICS Currencies to Ease Dollar Pressure
Nigeria renewed a $2B yuan swap line and joined BRICS to settle trade in yuan and BRICS currencies, saving importers...
July 15, 2026 Nigeria School Rescue: 45 Freed After 56 Days, No Ransom
Nigeria school rescue: forces freed 39 pupils and six teachers held 56 days by suspected Ansaru militants in Oyo State,...
July 13, 2026 Nigeria’s Oil Production Hits a 74-Month High, Beating Its OPEC Quota
Nigeria oil production hit 1.735 million barrels a day in June 2026 - a 74-month high at 104% of its...
July 13, 2026
Nigeria to Get Sub-Saharan Africa’s Biggest Solar-Powered Steel Plant
Niger State grants 500 hectares to African Industries Group for sub-Saharan Africa's largest solar-powered steel plant. Costs and timeline remain...
July 11, 2026
Oando Profit Hits N204.8 Billion on the Fields Eni Left
Oando profit reached N204.8 billion in 2025 on a 32% production jump, the first full year running the Nigerian oilfields...
July 10, 2026
Nigeria’s First Floating LNG Plant Locks In Its Gas
Nigeria’s first floating LNG plant signed a 15-year deal for 200 million cubic feet of gas a day from NNPC...
July 9, 2026
Dangote Picks Kenya’s Lamu for a $17 Billion Refinery
Dangote Kenya refinery confirmed: Lamu will host a 700,000-barrel-a-day plant costing up to $17 billion, with soil tests and engineering...
July 9, 2026
Tony Elumelu to Step Down as UBA Chairman After 12 Years
Tony Elumelu retires as UBA chairman on 21 August after 12 years; Emmanuel Nnorom, a 40-year finance veteran, takes over...
July 9, 2026