Petroleum marketers in Nigeria may soon stop importing petrol as the Dangote Petroleum Refinery has slashed its ex-depot price by ₦49 per litre, a move that is already reshaping the …
BusinessEconomyEnergyOil & GasTrade
Category:
Oil & Gas
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BusinessEconomyEnergyNigeriaOil & Gas
OPEC Governor Urges Nigerian Oil Firms to Focus on Local Refining, Value Creation
The Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors for 2025, Mr. Adeyemi-Bero, has advised Nigerian oil producers to prioritise refining crude oil locally instead of …
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BusinessEnergyInnovationNigeriaOil & GasTechnology
CPAAT Consulting Unveils Plan to Drive Digital Transformation in Nigeria’s Oil and Gas Sector
The Chief Executive Officer of CPAAT Consulting, Mr. Folarin Banigbe, has unveiled the company’s strategic plan to accelerate digital transformation in Nigeria’s oil and gas sector through smart technology, collaboration, …
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BusinessCapital MarketEconomyForeign ExchangeMonetary PolicyOil & Gas
CBN Reforms Cushion Naira as Oil Price Falls Below Nigeria’s $75 Budget Benchmark
With global oil prices falling to around $64 per barrel, far below Nigeria’s $75 budget benchmark, the country faces renewed fiscal pressure and foreign exchange challenges. However, sweeping reforms by …
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BusinessEconomyEnergyGovernment PolicyOil & Gas
Experts Fault FG’s Proposed 15% Tariff on Fuel Imports, Warn of Rising Hardship and Monopoly in Petroleum Market
A public policy analyst, Rotimi Matthew, and several operators in Nigeria’s oil and gas sector have criticised the Federal Government’s proposed 15 per cent tariff on fuel imports, describing it …
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BusinessDevelopmentEnergyInfrastructureLagos NewsOil & Gas
Pinnacle Oil Expands Retail Network, Opens New Fuel Station in Abaranje, Lagos
by Joy Radarrby Joy RadarrPinnacle Oil & Gas Limited has announced the commissioning of a new fuel service station in Abaranje, Ikotun, Lagos State, as part of its ongoing expansion strategy to make quality …
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BusinessEnergyMarketsNigeriaOil & GasPolitics
PETROAN Warns Against Monopoly in Nigeria’s Downstream Oil Sector
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned against monopolistic practices in Nigeria’s downstream oil and gas sector, warning that fair competition and equitable access to …
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BusinessEconomyEnergyEnvironmentNigeriaOil & GasTechnology
MEMAN Says Fuel Subsidy Removal Driving Digital and Sustainable Transformation
The Major Energy Marketers Association of Nigeria (MEMAN) has said that the removal of fuel subsidy has opened new opportunities for innovation, investment, and digital transformation in Nigeria’s downstream oil …
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BankingCorporate ServicesEconomyFinanceNigeriaOil & Gas
Tribunal Dismisses General Hydrocarbons’ $718m Claim Against First Bank
The Sole Arbitrator, Hon. Justice Kumai Bayang Akaahs (Rtd), has delivered a final award in the arbitration between General Hydrocarbons Limited (GHL) and First Bank of Nigeria Limited (FBN), ruling …
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BusinessEconomyEnergyEnvironmentInfrastructureOil & Gas
LPG Marketers Target 6 Million Metric Tonnes Annual Supply to Boost Clean Energy Use in Nigeria
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has announced plans to raise the country’s annual Liquefied Petroleum Gas (LPG) supply to six million metric tonnes in the coming …
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