Nigeria’s financial future is facing tough times as the International Monetary Fund (IMF) has warned that the 2025 national budget may not hold up due to falling oil prices, reduced …
EconomyGOVERNMENTInfrastructureOil & Gas
Category:
Oil & Gas
- BusinessDangote IndustriesEconomyEnergyNigeriaOil & Gas
Marketers Refuse to Cut Petrol Prices Despite Dangote Refinery’s Price Slash
Many petrol marketers in Nigeria have refused to reduce their pump prices even after Dangote Petroleum Refinery cut its ex-depot price of petrol from N880 to N840 per litre. The …
- EconomyEnergyGOVERNMENTInfrastructureNigeriaOil & GasPolicies
NNPC Records 14% Profit Increase in May as Oil Production Improves
The Nigerian National Petroleum Company Limited (NNPC) has announced a strong 14 percent rise in its after-tax profit for the month of May 2025, reaching ₦1.054 trillion. This marks a …
- BusinessEconomyEnergyEnvironmentINVESTMENTNigeriaOil & Gas
Shell Buys 12.5% Bonga Oil Stake From TotalEnergies in $510m Deal
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of global energy giant Shell, has acquired an additional 12.5 percent stake in Nigeria’s Bonga oil field from TotalEnergies, boosting …
- BusinessDangote IndustriesEconomyEnergyNewsNigeriaOil & GasPolicies
Petrol Marketers Expect Pump Price Drop as Crude Oil Prices Fall
Petroleum product marketers in Nigeria are expecting a possible drop in petrol pump prices this week, following a significant fall in international crude oil prices. This anticipated adjustment, according to …
- EnergyGOVERNMENTInfrastructureINVESTMENTOil & GasPolicies
Uganda Unveils Ambitious Energy and Minerals Plans to Power Growth by 2026
At the Uganda Chamber of Energy and Minerals (UCEM) Budget Breakfast Meeting held on June 20 at Four Points by Sheraton, Deputy Executive Director of the National Planning Authority (NPA), …
- BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & Gas
NOG Energy Week 2025 to Host Top African Oil and Gas Leaders in Abuja
Some of the biggest names in Africa’s oil and gas industry are preparing to attend the 24th edition of NOG Energy Week, which will take place from June 29 to …
- BusinessEconomyFinance & ServicesNewsNigeriaOil & Gas
Oando Reports N113bn Profit in Q1 2025 After Tax Credit and Impairment Reversal
Oando Plc has recorded a profit after tax of ₦113.06 billion in the first quarter of 2025, showing a strong 90.5 percent rise compared to the ₦59.35 billion it posted …
- AviationBusinessGOVERNMENTOil & GasTransportation & Logisitics
NAMA Warns Oil Firms Over $300 Helicopter Landing Levy
The Nigerian Airspace Management Agency (NAMA) has issued a serious warning to oil and gas companies operating in the country, accusing them of failing to comply with the mandatory $300 …
Heirs Energies Limited and Renaissance Africa Energy Company have announced a strategic partnership aimed at strengthening Nigeria’s oil and gas sector through indigenous leadership, local capacity development, and innovation. This …