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.
The Federal Government has begun strict enforcement of a 0.5% levy on wholesale petroleum, a cost experts warn will trickle down to consumers. Find out what this means for your pocket.
Economist Chiwuike Uba critiques the Budget Office's justification for repealing and re-enacting the 2024 and 2025 budgets, highlighting constitutional and transparency issues. Read the full analysis.
An advocacy group supports President Tinubu's move to reconcile NNPC's legacy balances, removing $1.42bn and N5.57trn deemed unrecoverable. They call for transparency in Nigeria's energy revenue management.
The Budget Office of the Federation insists the repeal and re-enactment of the 2024 and 2025 budgets is legal. DG Tanimu Yakubu addresses misconceptions. Read the full details.
FCT Minister Nyesom Wike celebrates the nomination of Kenneth Kobani to the NMDPRA board by President Bola Tinubu. Read about the political implications and public reactions.
President Bola Tinubu has sent 21 nominees for the boards of NUPRC and NMDPRA to the Senate for confirmation, aiming to strengthen governance and PIA reforms. Read the full list.
Nigeria's current account surplus reached $3.42bn in Q3 2025, driven by a 44% surge in refined fuel exports. This marks a pivotal shift as domestic refining capacity grows, reducing import dependency. Discover the details and what it means for the economy
PETROAN reports the 2025 price war between Dangote Refinery and marketers led to massive losses for retailers, squeezed profits, and market instability. The group calls for urgent stakeholder dialogue.
Dangote Refinery introduces a 10-day credit facility and free logistics for petrol stations, slashing the gantry price to ₦699/litre. This strategic move aims to ease cash flow and distribution costs for dealers nationwide.
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.
NNPC GCEO Bayo Ojulari states the fuel price competition between Dangote Refinery and marketers is a natural market shift that will ultimately favour Nigerian consumers. Read more.
Nigeria's NNPC scored zero in ICPC's 2025 Ethics and Integrity Scorecard, ranking last among 357 agencies. This shock result raises major governance concerns despite the oil company's recent profit announcements.
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
US President Donald Trump confirms the US will retain crude oil and tankers seized near Venezuela, intensifying pressure on President Nicolás Maduro. Read the latest on the escalating crisis.
Trex Petroleum and Energy Limited has awarded four offshore professionals for outstanding safety performance at its 2025 Focus on Safety Initiative in Lagos. Discover the champions of offshore safety.
The Nigerian government suspends a controversial 15% fuel import duty to avoid festive season price hikes. Experts warn of policy inconsistency and the need for long-term energy security. Read more.
Women in Maritime & Energy (WIME) commends President Tinubu for appointing Mrs. Oritsemeyiwa Eyesan as the first female Chief Executive of Nigeria's upstream oil regulator. Read more on this milestone for gender inclusion.
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the full analysis.
The House of Representatives Committee on Host Communities commits to enforcing the Petroleum Industry Act, ensuring oil-producing areas get their full benefits. Read about the new oversight and funding model.
NAICOM pushes for Takaful insurance growth to include underserved Nigerians. New 2025 law provides legal backing. Read how this ethical model will reshape the industry.
Petroleumprice.ng honours Aliko Dangote, MRS Oil, Rainoil, and others in its first industry awards. Winners were chosen via a hybrid model of public votes and expert judges. Read the full list.
Lagos State government warns community silence fuels pipeline vandalism and explosions. Officials urge residents to report illegal activities for collective safety. Read more.
The Nigerian Senate has confirmed Saidu Mohammed and Oritsemeyiwa Eyesan as CEOs of NMDPRA and NUPRC. Read about their confirmation process and the expectations for Nigeria's oil sector.
Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
President Bola Tinubu nominates Oritsemeyiwa Eyesan, an NNPC veteran with 33 years of experience, as the new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Discover her career journey and strategic impact on Nigeria's oi
President Tinubu held a private meeting with NMDPRA CEO Farouk Ahmed following explosive allegations by Aliko Dangote of corruption and economic sabotage in Nigeria's oil sector.