OIL & GAS
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Dangote, NNPC Pledge Collaboration For National Growth
The President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Thursday paid a courtesy visit to the Group Chief…
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FG Hails Milestones Of Naira-For-Crude Deal
The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded…
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Marketers Warn FG Against Hasty Fuel Import Ban
Marketers have argued that Nigeria cannot ban fuel importation now, saying the country’s refining capacity is still low. The marketers…
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Power Consumers Owe Discos N54bn In February – NERC
Electricity consumers owe the distribution companies up to N54bn for the power consumed in February this year, according to a…
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Dangote To Export Polypropylene After Capacity Boost
Dangote Packaging Limited has announced plans to expand its polypropylene into the African export market following a production capacity boost…
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N4.7tn debt: Gencos Demand Date To Meet Tinubu
Electricity generation companies want President Bola Tinubu to hasten the plan of meeting with the firms over the N4.7tn power…
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‘Cabals’ Still Fighting Against Our Refinery — Dangote
The President of Dangote Group, Alhaji Aliko Dangote, says he is still fighting for the survival of his $20bn refinery,…
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Major Petrol, Diesel Price Cuts Expected Over Crude Slump
Marketers of refined petroleum products say petrol and diesel prices may drop as crude oil prices slump again. However, the…
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Electricity Subsidy Spending Balloons To N762bn
Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the…
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IPMAN Warns Against Losses As SGR Sells Petrol At N899/litre
As the Federal Government ordered the return of the naira-for-crude policy, the Independent Petroleum Marketers Association of Nigeria has warned…
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OPEC Cuts Global Oil Demand Growth Forecasts Over US Tariffs
The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact…
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Again, Crude Output Drops Amid Global Price Crash
As the world battles a global crude price crash, Nigeria’s average daily crude output has fallen again in March, threatening…
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FG, Chinese Firm Sign $328.8M Electricity Transmission Agreement
The Federal Government on Wednesday signed a $328.8m contract with Chinese firm China Machinery Engineering Corporation to rehabilitate and expand…
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Crude Crashes To $60 As China Raises Tariff Against US
Crude oil prices crashed further on Wednesday as Brent fell to $60 per barrel down from about $63 on Tuesday.…
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FEC Orders Full Implementation Of Naira-For-Crude Deal
The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry…
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Communities Issue 14-Day Ultimatum To Shut Down Oil Production
Nigeria’s oil production faces a fresh crisis as host communities in Bayelsa State’s coastal region have issued a 14-day ultimatum…
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Tinubu Sacks NNPCL Boss Kyari, Names Ojulari As Replacement
In a sweeping reconstitution of the Nigerian National Petroleum Company Limited board, President Bola Tinubu has removed the chairman, Pius…
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FG Threatens To Revoke Dormant Oil Blocks Licences
The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, threatened to withdraw oil blocks from owners that have failed…
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65% Tank Farms Dormant Due To Fuel Subsidy Removal
As the battle to control market share in the downstream sector rages on, no fewer than 70 tank farm owners…
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NASS Recovers Fresh $14m From Oil Companies
The National Assembly’s House of Representatives Public Accounts Committee has recovered an additional $14.2m (N21.4bn) from four oil and gas…
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