OIL & GAS
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Oil Output Rose By 35,000bpd In November – Report
Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries members in November 2025,…
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Dangote Refinery, Others Cut Petrol Gantry Price To N840 Per Litre
The Dangote Petroleum Refinery and other major depot operators have reduced the average gantry price of Premium Motor Spirit, PMS,…
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Crude-For-Loans: NNPCL Battles N8.07tn Outstanding Debt
The Nigerian National Petroleum Company Limited is burdened with crude-backed loan obligations estimated at N8.07tn, according to an analysis of…
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NNPC Raises Investment In Non-Working Refineries To N2.92tn
The Nigerian National Petroleum Company Limited increased its investment in the country’s three non-operational refineries to N2.92tn in 2024, even…
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Dangote Partners Honeywell To Raise Refinery Capacity To 1.4m Bpd
Dangote Group has announced a strategic partnership with Honeywell International Inc. to support the next phase of expansion at the Dangote…
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GENCOS Reject FG’s Offer To Forfeit 50% Of N5trn Debt
– Govt sets up NBET Bond SPV – NBET novates liability to new company – It sends wrong signal to…
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Audit Uncovers Over N61bn Payment Breaches In NNPC
The Office of the Auditor-General for the Federation has uncovered 28 major financial irregularities linked to the Nigerian National Petroleum…
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Global Oil Firms Eye Nigeria’s 2025 Licensing Round
NIGERIA’S forthcoming 2025 Licensing Round is already drawing early interest from global oil players, following renewed confidence in the Nigerian…
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15% Tariff Policy Never Influenced Petrol Price Drop — Dangote Refinery
Dangote Petroleum Refinery has dismissed claims that the recent fall in petrol pump prices was triggered by the Federal Government’s…
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FG Plans 500 CNG Stations To Cut Petrol Use
The Federal Government is set to establish 500 Compressed Natural Gas refuelling stations across the country within three years, as…
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AKK Gas Pipeline Project Nearing Completion — Ogunleye
The Executive Vice President PI CNG Olalekan Ogunleye has said that the AKK pipeline, valued at $2.8 billion, is nearing…
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Conoil, TotalEnergies Sign Oil production Deal In Paris
A major boost for Nigeria’s oil and gas production could be on the way, after Conoil and TotalEnergies signed a…
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We’ll Run NNPC Transparently — Kida
The chairman, board of the Nigeria National Petroleum Company (NNPC) Limited, Ahmadu Musa Kida, has said the board under him,…
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FG Reviews 215 Gas Projects, Eyes $20bn Investment
The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday announced the review of over 215…
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Marketers To Halt Petrol Imports As Dangote Reduces Price
Petroleum marketers may be on the verge of shelving petrol importation in the near term following a fresh cut in…
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Oando Suspends Petrol Imports As Dangote Raises Output
Oando Plc says it has suspended petrol importation into the country as the commencement of domestic fuel supply by the…
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Stop Exporting Crude, OPEC Tells Nigerian Producers
The Chairman of the OPEC Board of Governors for 2025 has called on Nigerian oil producers to prioritise domestic refining…
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NNPCL Reiterates 2M Bpd Oil Output Target By 2027
The Nigerian National Petroleum Company Limited has announced an increase in Nigeria’s crude oil production to 1.7 million barrels per…
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No Installers For 400,000 Imported Meters, Minister Laments
The Minister of Power, Adebayo Adelabu, has raised concerns over the shortage of trained technicians in Nigeria’s power sector, revealing…
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Africa Imported $120bn Worth Of Oil In 2024 — Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that African countries imported hydrocarbon resources valued at…
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