Dangote Refinery: Why MRS Sells Petrol at ₦739
Dangote Refinery clarifies it sells petrol uniformly to all marketers at ₦699. The ₦739 price at MRS stations is due to market competition, not preferential treatment. Read the full details.
Category : Search result: Nigeria oil licensing round
US Sells $500M Venezuelan Oil, Trump Pushes $100B Plan
The United States has sold $500 million worth of Venezuelan oil, marking a major step in accessing reserves. President Trump promises $100 billion for energy sector rebuild, despite industry doubts. Read full details.
FG Warns Oil Firms, May Revoke Undeveloped Blocks
The Federal Government warns it may revoke licenses for undeveloped oil blocks. Minister Lokpobiri says licenses are not status symbols, and no refunds will be given. Read the latest on Nigeria's energy sector.
Navy's Operation Delta Sentinel to curb oil theft, aid 2.5mbpd target
The Nigerian Navy launches Operation Delta Sentinel to secure oil assets and boost production. TotalEnergies divests stake in Renaissance JV. Read the full details.
Nigeria's Oil Production Falls as FG Sets Strict Bid Terms
Nigeria's crude oil production fell in December 2025, lagging behind OPEC peers. The FG announces strict terms for the 2025 bid round, ending licence speculation. Read the full analysis.
SAIPEC 2026 to Spotlight Nigeria's Oil Licensing Round
The 10th Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will focus on Nigeria's oil licensing round. Key speakers from across Africa confirmed for the Lagos event in February 2026. Read more for details.
Navy Launches Operation Delta Sentinel to Boost Oil Production
The Nigerian Navy launches Operation Delta Sentinel to secure oil assets and boost production to 2.5 million barrels per day by 2027. Read about the new maritime security strategy.
Trump Pitches Venezuela Oil to US Majors, Faces Doubts
US President Trump urges oil executives to invest in Venezuela's vast reserves post-Maduro capture, promising security. CEOs remain wary, citing past seizures and calling the nation 'uninvestable'.
Venezuela Oil Ships Head to US as Storage Nears Capacity
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
US to Control Venezuela Oil Sales Indefinitely
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
US Seizes Russian Oil Tanker Over Sanctions
US authorities seized the Marinera oil tanker in the North Atlantic for violating sanctions linked to Venezuela and Iran. A second vessel was captured in the Caribbean. Full details on the international enforcement action.
US Seizes Russian Oil Tanker in North Atlantic
US forces seized the Russian-flagged Marinera oil tanker in the North Atlantic for violating sanctions linked to Venezuela and Iran. A second vessel was captured in the Caribbean. Read the full details.
U.S. Seizes Russian-Flagged Tanker Linked to Venezuela
U.S. forces intercept a Russian-flagged oil tanker after a trans-Atlantic pursuit for violating sanctions on Venezuelan oil. Full details on the dramatic seizure operation inside.
Pastor: God Said US Should Take Venezuela's Oil
Pastor Hank Kunneman defends Trump's plan to control Venezuela's oil, claiming divine approval. Read the global reactions and the controversial spiritual justification.
Venezuela Agrees to Send Millions of Barrels of Oil to US
President Donald Trump announces a major oil transfer deal with Venezuela's interim government. Get the full details on the agreement and its global implications.
Venezuela to Turn Over 30-50 Million Barrels of Oil to US
Former President Trump claims Venezuela's interim government will transfer sanctioned oil to the US, with proceeds controlled by Washington. Details on the plan and regional implications.
Oil Prices Slip to $61 Amid Venezuela Instability
Global oil prices fall to $61 per barrel due to Venezuela's instability. Analysts warn of further drops below $60 if US tensions persist. OPEC+ pauses production hikes.
Trump's 18-Month Plan for US Oil in Venezuela
US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Bassey's Strong Warning to Nigeria Before AFCON R16
Super Eagles defender Calvin Bassey sends a crucial message to teammates as Nigeria faces Mozambique in the AFCON 2025 Round of 16. Read his full warning and team strategy.
Nigeria's N58tr Budget Faces $10bn Hole from Venezuela Crisis
Political upheaval in Venezuela could flood oil markets, slashing prices and creating a $10 billion shortfall in Nigeria's 2026 budget. Experts warn of severe fiscal strain and pressure on the Naira. Read the full analysis.
Venezuela Crisis Puts Nigeria's N58tr Budget at Risk
Geopolitical shifts in Venezuela could crash oil prices, threatening Nigeria's N58.18 trillion 2026 spending plan and naira stability. Experts warn of a potential $10.24 billion revenue shortfall.
Super Eagles Unfazed by Mozambique's Cash Incentive
Nigeria's Super Eagles vow to defeat Mozambique in AFCON Round of 16, dismissing opponent's financial motivation. Kick-off is 8 p.m. today in Fes. Read more.
Trump Eyes Venezuela Oil After Seizing Maduro
Following the capture of Venezuelan leader Nicolás Maduro, US President Donald Trump has announced plans for American firms to develop Venezuela's vast oil reserves. Experts warn the plan faces massive hurdles and could take a decade. Read more on the imp
Onuachu's AFCON 2025 Title Promise to Nigerians
Super Eagles striker Paul Onuachu sends a strong message of determination to win the 2025 AFCON. Get the latest on Nigeria's Round of 16 match against Mozambique and expert warnings.
Nigeria vs Mozambique: 5 Players to Watch in AFCON 2025
Super Eagles face Mozambique in AFCON 2025 Round of 16. See the key players like Osimhen and Lookman who could decide the crucial knockout match on January 5.
US Venezuela Action Poses Oil Price Risk to Nigeria - Expert
Economist Kalu Aja warns US intervention in Venezuela may flood oil market, pressuring prices and jeopardising Nigeria's $64 per barrel 2026 budget benchmark. Read the full analysis.
Nigeria's Oil Sector Wins in 2025, Says Minister Lokpobiri
Minister Heineken Lokpobiri declares 2025 a successful year for Nigeria's oil sector, driven by reforms, new investments, and strengthened local content. Read the full report on the industry's progress and 2026 outlook.
Mozambique Offers ₦11.3m Bonus to Beat Nigeria
Mozambique's President Daniel Francisco Chapo has promised each player and official a ₦11.3 million bonus to defeat Nigeria's Super Eagles in the AFCON Round of 16. Read details of the high-stakes clash.
Dangote Refinery Exports to Ghana May Decline
Ghana's Tema Oil Refinery is back online after years of inactivity, operating at 28,000 bpd. This could reduce its reliance on imports from Nigeria's Dangote Refinery, its top 2025 supplier. Explore the shifting energy dynamics in West Africa.
Page 1 of 4