Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2.1% during the same period the previous year but higher than the 0.8% recorded in the third quarter of 2020. One of the most significant challenges facing the sector is meeting the needs of both large coastal cities and rural inland communities in order to fully unlock the country’s economic potential. This is especially the case with mining and agriculture, both of which are expected to benefit from two large-scale projects: the Lekki Port in Lagos and the Kano-Maradi rail line in the north of the country.
Aero Contractors Company of Nigeria Limited, known as Aero Contractors or simply Aero, is a state-controlled Nigerian airline company based at Murtala Muhammed International Airport in Ikeja, Lagos State, Nigeria. Furthermore, it operates helicopter services and fixed wing domestic and international scheduled passenger services, air charter and third party aircraft operations, largely in support of Nigeria's extensive oil and gas industry.
Nigeria is the second largest oil and gas producer in Africa. Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity. Both types are paraffinic and low in Sulphur. Nigeria's economy and budget have been largely supported from income and revenues generated from the petroleum industry since 1960. Statistics as at February 2021 shows that the Nigerian oil sector contributes to about 9% of the entire GDP of the nation. Nigeria is a major exporter of crude oil and petroleum products to the United States of America. In 2010, Nigeria exported over one million barrels per day to the United States, representing 9% of the U.S. total crude oil and petroleum products imports and over 40% of Nigeria exports.
Nigerian National Petroleum Corporation (NNPC) is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to exploit Nigeria's fossil fuel resources.
The oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation, storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. Natural gas pipeline networks aggregate gas from natural gas purification plants and deliver it to downstream customers, such as local utilities.
GAIL (India) Limited is a central public sector undertaking. It has the following business segments: natural gas, liquified natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemicals, city gas distribution, renewable energy including solar & wind, exploration and production, GAILTEL and electricity generation. GAIL was given the Maharatna status on the 1 February 2013 by the Indian Government, a status which 11 other Public Sector Undertakings (PSUs) have.
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$4.1 billion in 2017.
Oyigbo is a Local Government Area located in Rivers State, Nigeria. It is a town, 30 kilometers from the Port city of Port Harcourt, 25km from the city of Aba. It's predominantly occupied by the indigenous Igbos of ASA who are also indigenous to Ukwa west L.G.A in Abia state and the Ndoki people who are also found in Ukwa East L.G.A of Abia state and Ukanafun L.G.A of Akwa ibom state
Phoenix Petroleum Philippines, Inc. is the first independent oil company to be listed in the Philippine Stock Exchange after the Oil Deregulation Law was passed in 1998. It is the first company from Davao City to be listed in the Philippine Stock Exchange.
Taleveras is an African business conglomerate, privately owned with business interests in energy and infrastructure, oil and gas exploration, production, trading and supply, power and construction. Taleveras’ offices are located in London, Geneva, Abuja, Lagos, Abidjan, Cape Town and Dubai.
The Port Harcourt Refining Company,, is a Nigeria-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. It is headquartered in Port Harcourt metropolitan area of Rivers State, southeastern Nigeria. The company is a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
Izombe in the northeast of Niger Delta is an oil town in Njaba River basin, Imo State Southeastern Nigeria.
Aiteo is Africa’s largest privately-owned integrated energy company. It is involved in various aspects of the energy sector, including oil and gas exploration, production, refining, and marketing. Aiteo operates in West and Southern Africa.
Chevron Nigeria Limited is a subsidiary of Chevron Corporation and it is one of the largest oil producers in Nigeria. It was previously operating in Nigeria under the business name of Gulf Oil Company until merger activities changed its name to Chevron Nigeria. After another merger by the parent company with Texaco, the Nigerian oil and gas assets of Texaco Overseas Petroleum Company of Nigeria were merged into Chevron.
Nigeria LNG Train 7 is an expansion under construction at the Nigeria LNG Terminal in Bonny Island, Nigeria. It is one of the most ambitious construction projects in Nigeria, second only to the nearly completed Dangote refinery.
Gabriel Ogbechie (OON) (born 28 May 1966) is a Nigerian Billionaire businessman and philanthropist who founded the Rainoil Group, one of Nigeria's largest indigenous oil and gas company.
Gbenga Olu Komolafe is a Nigerian engineer, lawyer and petroleum and gas industry expert. Appointed in 2021, he currently serves as the pioneer chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC. He served at the Nigerian National Petroleum Corporation (NNPC) in various capacities including as group general manager, Special Duties, group general manager, Crude Oil Marketing Division and executive director (commercial) Pipelines and Petroleum Marketing Company (PPMC). He is credited for formulating several strategic policies including electronic tracking of petroleum products distribution nationwide. Komolafe is a Fellow of Nigerian Society of Engineers and a member of the Nigerian Bar Association.
Auwalu Abdullahi Rano, also known as AA Rano, is a businessman from Nigeria. He founded AA Rano Nigeria Limited, a company involved in various industries including oil and gas, airlines, and agriculture.
Rano Air is a Nigerian airline founded on 27 September 2019, owned by AA Rano Industries or Auwalu Abdullahi Rano. The airline possesses 5 aircraft, and operates domestic flights from Lagos, Kano, Abuja, Kaduna, Sokoto, Katsina, Maiduguri and Katsina.
RanGaz Company - LPG Is a Nigerian Multinational energy company operating in the fullstream. Is a subsidiary of AA Rano Industries which is fully automated, and movable LPG it has filling plants across all States in Nigeria.
US$1.1 billion (2017)
