OIL & GAS
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Dangote Refinery Eyes 500,000 Barrel Production Capacity July
Barring any last-minute change in plan, the $20bn Dangote Oil Refinery would be listed on the Nigerian Stock Exchange by…
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IOCs To Invest $20bn In Nigeria –FG
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Monday, announced that about $16.6bn investments had been…
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Electricity Subsidy Gulps N629bn As Discos Generate N1.1tn
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of…
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Oil Production Nears 1.7mbpd – NNPC
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited,…
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Marketers Ordered To Open Pumps For CNG Vehicles
The Federal Government has concluded plans to ensure marketers open Compressed Natural Gas Pumps in filling stations across the country.…
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NUPRC Begins Bidding Round For 12 Oil Blocks
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently…
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Stop Electricity Subsidy, IMF Tells FG
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies.…
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Different Electricity Laws In States Will Affect Power Sector – PwC
PwC Nigeria has stated that the provision of the Electricity Act that allows states to have independent electricity laws would…
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Labour Urges NERC, Discos To Collapse Bands
The Nigeria Labour Congress and Trade Union Congress have urged the Nigerian Electricity Regulatory Commission and electricity distribution companies to…
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FG To Sanction Marketers Diverting Fuel As Queues Subside
As fuel queues subside across filling stations, the Federal Government says it will sanction marketers hoarding and diverting Premium Motor…
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Shell Paid Over $1bn Tax To FG In 2023
Shell Nigeria says it exclusively paid a total of $1.09bn in corporate taxes and royalties to the Nigerian government in…
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Seplat To Deliver 13 New Oil Wells In 2024
Seplat Energy Plc has announced its drilling program for 2024 with plans to deliver 13 new oil and gas…
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Nigerians Reject Electricity Tariff Cut, Demand Total Reversal
Nigerians on Monday rejected the Nigerian Electricity Regulatory Commission’s reduction of the tariff payable by Band A customers from N225/kWh…
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N200bn debt: IPMAN threatens closure of 30,000 filling stations
Oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, declared that it would shut…
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Shell Will Complete $2.4bn Nigeria Assets Sale June – FG
The Federal Government on Monday commenced a due diligence meeting for the proposed $2.4bn asset sale by Shell to Renaissance…
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NNPC, Firm Partner To Raise P’Harcourt Refinery’s Capacity
Port Harcourt Refinery The Nigerian National Petroleum Company Limited has signed an agreement with the African Refinery Port Harcourt Limited…
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Dangote: Forex Shortage Delays Crude Supplies
Aliko Dangote Chinese state energy major, PetroChina, has been waiting to unload a cargo of United States crude at Nigeria’s…
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IOCs Insist On Dollar Payment For 80% Crude Sale
Oil worker To purchase crude oil, modular refineries are to now pay 80 per cent of the amount in the…
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Report Ranks Dangote Over Europe’s Big Refineries
Alhaji Aliko Dangote The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity,…
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$500m Funds: Lokpobiri, Ex-local Content Boss Clash
Lokpobiri, Minister of State for Petroleum Petroleum Resources The face-off between the Minister of State for Petroleum Resources (Oil), Heineken…
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