The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced an ambitious plan to grow Nigeria’s proven gas reserves from 215 trillion cubic feet (tcf) to more than 600 tcf …
Category:
Oil & Gas
President of Dangote Industries Limited, Aliko Dangote, on Monday officially launched the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals on the Nigerian Exchange (NGX). Dangote sounded the …
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it plans to deploy between 50 and 70 smart, self-service energy stations across Nigeria within the next six months. “Turning From …
Nigerian oil marketers are preparing to increase petroleum product prices following a surge in international crude prices above $100 per barrel. Middle East Tensions Push Oil Prices Higher The rise …
- InternationalInternational AffairsOil & Gas
Oil Prices Hit $100 as US-Iran Conflict and Houthi Attacks Escalate
Oil prices climbed above $100 a barrel on Wednesday for the first time since July as renewed fighting between the United States and Iran, along with continuing Houthi attacks in …
Petrol prices at filling stations across Nigeria have remained above ₦1,300 per liter despite a decline in depot prices, widening concerns over the gap between wholesale and retail rates. Depot …
The House of Representatives has commenced an investigation into more than ₦432 billion in outstanding obligations owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by oil companies …
- BusinessBusiness & MarketsOil & Gas
N431bn Oil Marketers’ Debt Puts NMDPRA Under Fresh Audit Scrutiny
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is facing renewed scrutiny after the Auditor-General for the Federation uncovered more than N432bn in unpaid debts, statutory levies and other …
- Nigerian EconomyOil & Gas
Nigerian Refinery Owners Urge FG To Cut Fuel Imports And Boost Local Refining
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has called on the Federal Government to take urgent steps to strengthen Nigeria’s domestic refining industry and reduce the country’s reliance …
- Business and EconomyOil & Gas
NLC Rejects Petrol Price Hike, Urges More Crude Supply To Dangote Refinery
The Nigeria Labour Congress (NLC) has criticised the latest increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, describing the adjustment as “avoidable and unacceptable.” The …