OIL & GAS
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Dangote Refinery Designed To Process Nigerian Crude – CEO
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has stated that his $20bn Dangote Petroleum Refinery…
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NNPCL Demands N4.7tn Petrol Imports Refund
The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding…
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FG Spends $600m On Fuel Importation Monthly – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends…
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Dangote Refinery To Sell Remaining NNPC 12.7% Stake – Fitch
The Dangote Refinery is planning to sell a 12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a…
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Naira Crude Sale Yet To Happen – Operators
The Dangote Petroleum Refinery and other domestic refineries have yet to start the purchase of crude oil in naira as…
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Dangote Diesel Sulphur Triggers Concern, Marketers Fault Rejection Report
The controversy surrounding the sulphur content in the Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery,…
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Hunger Protests: Marketers Stop Fuel Supply, Queues Resurface
Oil marketers have explained that the reappearance of queues at filling stations in many states is because of the halt…
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Tinubu Orders Naira Crude Sale, Marketers Project Price Crash
The approval given by President Bola Tinubu for the sale of crude oil to the Dangote Petroleum Refinery in…
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Filling Stations Shut, Queues Persist As Depots Ration Fuel
Many filling stations were shut in several states as the queues for Premium Motor Spirit, popularly called petrol, continued on…
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Crude Supply: N’Assembly Probes $10bn Oil Theft, Summons NNPC, Dangote
Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn…
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FG Warns IOCs Against Disregarding Gas Flare Directives
The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives…
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Construction Begins At Midoil refinery
Midoil Refining and Petrochemicals Company Limited has finally performed the turning of sod ceremony, marking the commencement of construction…
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Discos Rake In N291bn Amid Power Sector Crisis
The electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024 amid the blackout in…
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Oil Earnings Rose By N91bn In June – FG
The marginal rise in crude oil production in June 2024 increased Nigeria’s earnings from crude oil sales by about N91bn…
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Buy Me Out, Dangote Offers To Sell Refinery To NNPC
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian…
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IOCs Still Causing Crude Supply Crisis, Dangote Refinery Cries Out
The Management of Dangote Industries Limited has insisted that the international oil companies are still frustrating crude supply to…
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Tribunal Orders NLNG To Pay FIRS Over $27m
The Tax Appeal Tribunal has ordered Nigeria Liquefied Natural Gas Limited to pay the Federal Inland Revenue Service the sum…
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Marketers Await Dangote Petrol, Say No Price Deal Yet
Oil marketers are awaiting the release of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery, as…
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P’Harcourt Refinery Undergoes Licensing, Minister Defends Rehabilitation Exercise
The Port Harcourt Refining Company is currently undergoing various licensing processes following the supply of crude to the plant…
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Nigeria Set To Become Net Fuel Exporter By December – NNPCL
The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said Nigeria will be a…
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