OIL & GAS
-
Oil Wells: No Propaganda Can Overturn A’Ibom’s Ownership Rights — Eno
Akwa Ibom State Governor, Umo Eno, has reassured citizens that no amount of propaganda or sentiment can overturn the state’s…
Read More » -
Not All Electricity Meters Are Free, NERC Clarifies
The Nigerian Electricity Regulatory Commission has clarified that not all electricity meters currently being installed across the country are free,…
Read More » -
Imported Petrol Beats Dangote On Price
The landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from…
Read More » -
FG Raises N501bn From Bond Market To Settle GenCos’ Debt
The Federal Government has raised N501.02 billion from the bond market to begin settling outstanding debts owed to power generation companies…
Read More » -
Nigeria’s US Crude Oil Imports Rise To 42m Barrels In 10 Months
Nigeria’s crude oil imports from the United States in the first 10 months of 2025 rose to more than 42…
Read More » -
Petrol Imports Hit 1.3bn Litres Despite Local Production
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, according to data released by the Nigerian Midstream and…
Read More » -
FG Enforces 0.5% Levy On Fuel Wholesalers
The Federal Government has tightened regulatory pressure on fuel suppliers and their wholesale customers in the downstream petroleum sector with…
Read More » -
NNPC Faces N2.27tn Lawsuits, Legal Risks Deepen
The Nigerian National Petroleum Company Limited is facing potential legal exposure running into trillions of naira, with pending lawsuits against…
Read More » -
Petrol May Hit N1,400/Litre Without Local Refining – Dangote
Dangote Petroleum Refinery has warned that petrol pump prices could rise to as much as N1,400 per litre if Nigeria…
Read More » -
$2.8bn AKK Pipeline Set For Activation In 2026 — NNPCL Boss
The Group Chief Executive Officer of NNPC Ltd, Bashir Ojulari, has said the $2.8 billion Ajaokuta–Kaduna–Kano gas pipeline is expected…
Read More » -
FG Writes Off $1.42bn, N5.57tn NNPC Debt
President Bola Tinubu has approved the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum…
Read More » -
NNPC, 12 Others Fail ICPC Integrity Test
The Nigerian National Petroleum Company Limited and 12 other ministries, departments, and agencies of the Federal Government recorded zero in…
Read More » -
Seplat Completes Onshore Assets Conversion
Seplat Energy Plc has completed the conversion of its operated onshore assets to the Petroleum Industry Act fiscal regime, replacing…
Read More » -
Dangote Launches N739/litre Petrol At MRS Stations Nationwide
Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (petrol) at a pump price of N739 per litre…
Read More » -
Petroleum Regulators Pledge Reforms To Unlock Investments
President Bola Tinubu’s nominees for the leadership of Nigeria’s petroleum regulators on Thursday pledged sweeping reforms aimed at plugging value…
Read More » -
Global Oversupply Leaves Nigerian Crude Unsold
Nigerian crude oil sellers are struggling to find buyers on the global market, even as the Dangote Petroleum Refinery recently…
Read More » -
GENCOs’ DEBT: FG Set To Launch N1.23trn Power Sector Bond
The Federal Government has finalised plans to launch a N1.23 trillion Power Sector Bond as part of a broader N4…
Read More » -
Dangote Names N739 As New Petrol Pump Price
Barring any last-minute change, MRS and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at…
Read More » -
Local Refining Boom Slashes Petrol Imports By N6tn
Nigeria’s petrol import bill fell sharply in the first nine months of 2025, dropping by N6.07tn compared with the same…
Read More » -
Dangote Receives Second Ghana Crude Cargo — Report
The Dangote Petroleum Refinery has taken delivery of its second-ever crude cargo from Ghana, a move that coincides with a…
Read More »