Eterna Plc, a Nigerian oil and gas company, has recorded a strong comeback on the Nigerian Exchange (NGX), gaining over 21% so far in October 2025 after months of losses. …
Oil & Gas
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BusinessCapital MarketEconomyEnergyFinanceNigeriaOil & Gas
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BusinessDangote IndustriesEconomyEnergyOil & Gas
Petrol nears ₦1,000 per litre as marketers move to import fuel independently amid Dangote refinery supply disruptions
Petroleum marketers across Nigeria have begun moves to import petrol independently as pump prices edge closer to ₦1,000 per litre in several cities, amid worsening supply challenges and production setbacks …
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Corporate EarningsEnergyInfrastructureINVESTMENTNigeriaOil & Gas
Shell Approves $2 Billion HI Gas Project to Boost Nigeria’s LNG Exports and Energy Supply
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a Final Investment Decision (FID) on the $2 billion HI gas project offshore Nigeria. The …
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Consumer AffairsEconomyEnergyGovernment PolicyMarketsNigeriaOil & GasPetroleum
Ekpo Orders Clampdown on Cooking Gas Hoarders as Prices Double Nationwide
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has directed regulatory agencies to clamp down on marketers hoarding or exploiting consumers following the recent sharp rise in the …
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BusinessEconomyEnergyInfrastructureLabourOil & Gas
NNPC Blames Temporary Gas Price Hike on PENGASSAN Strike Disruption
by Omolaraby OmolaraThe Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Bayo Ojulari, has attributed the recent increase in cooking gas prices across the country to …
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BusinessEconomyEnergyInfrastructureOil & GasTrade
Nigeria’s Petrol Import Falls to Eight-Year Low Amid Refining Reforms
Nigeria’s importation of Premium Motor Spirit, popularly known as petrol, has fallen to its lowest level in eight years as local refining capacity and government reforms continue to reshape the …
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BusinessEnergyGovernanceLabourNigeriaOil & Gas
PENGASSAN Strike Grounds NNPC, Regulators, Threatens Fuel Supply
The nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday paralysed operations at critical oil and gas institutions, raising fears of fuel …
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Community DevelopmentEconomyGovernanceNigeriaOil & GasPolicies
Niger Delta Communities Push for Full Implementation of Petroleum Industry Act for Development
Oil-producing communities in the Niger Delta are taking fresh steps to ensure they harness the benefits of the Petroleum Industry Act (PIA) for rapid and sustainable development. Stakeholders from across …
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Nigerian businessman, Femi Otedola, has strongly denied claims linking him to the controversial fuel subsidy fraud investigated under former President Goodluck Jonathan’s administration. He described the allegations made by Umar …
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BusinessEconomyEnergyLabourNewsNigeriaOil & Gas
Dangote Refinery Sacks Workers Amid Gasoline Unit Shutdown
Nigeria’s Dangote Oil Refinery has laid off some of its workers, raising concerns about stability at Africa’s largest private refinery project. A copy of a letter from the company, sighted …