The agency disclosed that Nigeria, alongside Algeria, Angola, Egypt and Libya, continues to dominate Africa’s upstream petroleum sector, accounting for 70 per cent of upstream investment and 80 per cent of crude oil and gas production. The findings are contained in the 2026 World Energy Investment Report, released by the International Energy Agency on Tuesday. The report revealed that upstream oil and gas investment across Africa dropped from $68bn in 2016 to $37bn in 2025, representing an overall decline of about 46 per cent over nine years. Despite the continent-wide contraction,...