Eterna Plc announced a robust financial turnaround for 2025, with profit before tax rising to N7.27 billion and revenue reaching N302.37 billion, driven by operational efficiency and strategic growth.
Dangote Petroleum Refinery has reversed its N75 per litre petrol price increase, lowering the ex-gantry price to N1,200. The move follows a sharp decline in global crude oil prices, triggered by eased geopolitical tensions involving Iran.
Nigeria's NNPC has started exporting the newly discovered Cawthorne crude oil grade to Europe, aiming to diversify exports and boost revenue during high global oil prices.
Egypt and ENI announce a significant natural gas discovery in the Eastern Mediterranean, offering potential relief as the country faces energy supply pressures linked to regional conflict and rising import costs.
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Dangote Refinery increased petrol prices by N576 in the first quarter of 2026, adjusting rates nine times due to volatile crude oil markets and exchange rate pressures.
Nigeria's naira-for-crude policy and Dangote Refinery operations have shielded the country from global energy shortages caused by Middle East conflicts, ensuring petroleum product availability while other nations face severe disruptions.
The Petroleum Technology Association of Nigeria (PETAN) and Akwa Ibom State Government have signed an MoU to jointly develop oil and gas assets, aiming to enhance investment, infrastructure, and economic value in Nigeria's energy sector.
Independent marketers like Bovas and Matrix Energy are intensifying fuel imports, bringing PMS and diesel to Nigerian ports to compete with Dangote Refinery, potentially stabilizing supply and easing prices.
Seplat Energy Plc has resumed normal operations after the Petroleum and Natural Gas Senior Staff Association of Nigeria suspended its indefinite strike to allow ongoing negotiations over staff welfare and pay issues.
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Engr. Bashir Bayo Ojulari marks one year as GCEO of NNPC Limited, driving production boosts, deepwater investments, and financial growth in Nigeria's oil and gas sector.
Adeleye Falade has officially begun his tenure as the Managing Director and CEO of Nigeria LNG Limited, bringing nearly 30 years of global oil and gas experience to the role.
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Seplat Energy workers have launched an indefinite strike over pay and welfare disputes, raising concerns about Nigeria's oil production and supply as the country faces rising fuel costs and economic pressure.
The Peoples Wellbeing Association supports NNPCL's IPO plans and $20 billion Bonga Southwest deepwater development, praising leadership reforms for transparency and investor confidence in Nigeria's energy sector.
Fuel prices in Nigeria have risen sharply, with petrol reaching N1,242 and diesel N1,901 per litre, driven by global crude oil prices surpassing $100 per barrel, impacting consumers and businesses.
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President Tinubu's Executive Order on oil and gas revenue sparks debate, aiming to convert Nigeria's hydrocarbon wealth into infrastructure and economic growth for its youth population.
Nigeria's four state-owned refineries have consumed over $3.14 billion in rehabilitation funds but remain non-functional, exacerbating fuel shortages and economic strain. Investigations reveal decay, neglect, and allegations of mismanagement.
The Nigerian National Petroleum Corporation plans to increase crude oil supply to the Dangote Refinery to seven cargoes in May 2026, up from five. Industry experts argue this remains insufficient for the refinery's 650,000 barrels per day capacity, callin
Nigeria achieves a major oil industry milestone by exporting its inaugural 950,000-barrel cargo of Cawthorne crude to India, leveraging new infrastructure and strategic market timing to enhance global competitiveness.
The Nigeria Content Development and Management Board has introduced a digital portal to enhance transparency and competitiveness in Nigeria's oil and gas industry by simplifying compliance processes.
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Nigeria's crude oil reserves remain at 37 billion barrels, unchanged for a decade, while gas reserves grow to 215 TCF, with a lifespan of 85 years based on current output.
The Presidency states Nigeria's naira-for-crude policy is safeguarding the nation from severe fuel supply shocks caused by the Middle East crisis, ensuring steady petroleum product availability.
Nigerians brace for higher living costs as Dangote Refinery plans petrol price increases due to soaring global crude oil prices, prompting fuel marketers to suspend sales and consumers to face inflationary pressures.
Afreximbank underwrites $2.5 billion in a $4 billion syndicated credit for Dangote Refinery, aiming to strengthen its financial position and support long-term growth across Africa.
Rising global oil prices, driven by Middle East tensions and supply disruptions, are expected to bolster Nigeria's economy as a net oil exporter, though geopolitical risks may limit gains, according to FXTM market analysis.
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Esso Exploration and Production Nigeria Limited commemorates two decades of operations at the Erha Field, having produced over 800 million barrels and delivered significant economic contributions to Nigeria.
An energy expert warns that Nigerian refineries face increased costs due to global oil price volatility, as some rely on foreign crude despite local production, risking higher fuel prices.
Petroleum marketers have suspended fresh pricing for petrol and diesel across Nigeria's major depots, awaiting a potential price review from Dangote refinery amid rising global crude oil prices.
The Association of Nigeria Refineries Petroleum Marketers urges the Federal Government to consider a temporary subsidy on petroleum products to cushion the impact of rising global oil prices triggered by the US-Israel-Iran conflict.
Dr. Femi Bajomo, Chairman of Lapis Nigeria Limited, emphasizes the need for investment in training technical and non-technical professionals to strengthen Nigeria's oil and gas sector and prepare future leaders.
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Crude oil shipments from Nigeria and Angola to Asia are projected to rise by 200,000 barrels per day in March, reaching 3.72 million bpd, as Middle East tensions disrupt supply and drive prices to record highs.
