Dangote: Fuel Queues Gone Forever, Refinery to Expand
Aliko Dangote assures Nigerians of stable fuel supply this Christmas and reveals plans to make Dangote Refinery the world's largest by 2028. Read the full details.
Category : Oil Gas
Komolafe Elected Chairman of African Petroleum Regulators Forum
Gbenga Komolafe, NUPRC CEO, elected AFRIPERF chairman. Nigeria chosen as headquarters, marking a major step for Africa's energy governance and regulatory cooperation.
NNPC Slashes Petrol Price by N20 Nationwide
The NNPC has reduced petrol pump prices by at least N20 across Nigeria, with new rates from N895 to N965 per litre. Depots in Lagos, Port Harcourt, Warri, and Calabar also adjust prices following new PMS arrivals.
Dangote: Fuel Queues Gone Forever, Christmas Supply Assured
Aliko Dangote assures Nigerians of stable petrol supply during Christmas and reveals plans to make his refinery the world's largest by 2028. Read the full details.
PENGASSAN warns of oil sector brain drain over low pay
PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.
Imemba: Nigeria Must Focus on Net Value, Not Just Local Content %
TotalEnergies Nigeria's Obi Imemba calls for a strategic pivot in implementing Nigeria's local content law, advocating for maximizing net value retention over rigid percentage targets. Read his full proposal.
Eterna Plc Launches N21.52 Billion Rights Issue
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
NNPC, Depots Slash Petrol Prices After Dangote's Move
Nigerians get relief as petrol prices drop nationwide. NNPC and private depots cut rates after Dangote Refinery's pledge to supply 50 million litres daily, sparking intense market competition.
NNPC's ₦5.4trn Profit Shows Impact of Reforms
NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.
UK Group GETI Praises NUPRC's $10bn Licensing Round
UK's GETI commends NUPRC for transparent $10bn oil licensing round. Digital portal for 50 blocks aligns Nigeria with global best practices, boosting investor confidence. Read more.
NCDMB, BOI Unveil $100m Fund for Oil & Gas Firms
NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
NUPRC's $10bn Licensing Round Hailed as Global Transparency Model
UK-based GETI commends NUPRC's digital licensing portal, projecting $10bn investment. A new benchmark for Africa's oil sector under Engr. Gbenga Komolafe's leadership.
NNPC's N5.4trn Profit Sets New Public Sector Standard
Policy group CEAR praises NNPC's historic N5.4 trillion profit, crediting CEO Bayo Ojulari's leadership for resetting standards in Nigeria's oil and gas sector. Discover the details.
NCDMB, BOI unveil $100m fund, local content hits 61%
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
TotalEnergies Sells 40% Nigerian Offshore Stake to Chevron
TotalEnergies divests 40% stake in two Nigerian offshore licences to Chevron, forming a new joint venture to accelerate exploration in the West Delta basin. This marks a strategic realignment amid Nigeria's push for new oil investments.
Nigeria eyes $10bn from 50 oil blocks lease
Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.
UK Halts $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, paused after a deadly 2021 attack, faces new hurdles. Read more on the implications for Africa's energy sector.
UK Pulls $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, halted by jihadist violence, faces new hurdles. Read the full analysis.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
Dangote Refinery to Supply 1.7bn Litres of Petrol Monthly
Dangote Refinery commits to supplying up to 1.7 billion litres of petrol monthly, boosting Nigeria's fuel security. Read the full details of this landmark development.
OPEC+ Pauses Oil Output Hikes Until March 2026
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
FG Opens 50 Oil, Gas Blocks for Sale, Announces Date
Nigeria launches ambitious 50-block oil and gas licensing round starting December 1. International roadshows planned to attract global investors and boost energy sector growth.
OPEC+ Likely to Maintain Current Oil Production Levels
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Ogoni Lament FG Silence After Oil Resumption Report
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
Legal Battle: Lawyer Represents Both FBN and NUPRC
Senior lawyer Babajide Koku's dual representation in Nestoil-FBN legal battle raises conflict of interest concerns, threatening Nigeria's oil sector integrity. Stakeholders warn of serious consequences.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Watchdog Defends PIA Implementation Against ₦1 Trillion Claim
Niger Delta accountability network refutes House Committee claims, says Petroleum Industry Act implementation is on track and bringing stability to oil sector. Read full details.
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