Pinnacle 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 …
Oil & Gas
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BusinessDevelopmentEnergyInfrastructureLagos NewsOil & Gas
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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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BusinessEconomyEnergyINVESTMENTNigeriaOil & Gas
Aradel Holdings to Acquire Additional 40% Stake in ND Western Limited
Aradel Holdings Plc has announced that its wholly owned subsidiary, Aradel Energy Limited, has entered into a definitive agreement to acquire a 40 per cent equity interest in ND Western …
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BusinessEconomyEnergyInfrastructureNigeriaOil & Gas
Dangote Refinery Set to Begin Crude Oil Production Before Year-End
The Dangote Refinery is expected to begin producing crude oil before the end of 2025, marking a major step forward for Nigeria’s energy sector, according to a new report by …
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BankingBusinessCapital MarketEconomyINVESTMENTNewsNigeriaOil & Gas
Nigerian Stock Market Gains N4.32tn as NGX Records Strongest Weekly Rally in Months
The Nigerian stock market recorded a massive rebound last week, adding about N4.32tn to its total value as renewed investor confidence lifted trading activity across major sectors. The Nigerian Exchange …
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BusinessCorporate EarningsEconomyEnergyINVESTMENTOil & Gas
Savannah Energy Records $185.2m Revenue in Nine Months, Expands Nigerian and East African Operations
British independent energy company, Savannah Energy Plc, has announced a total revenue of US$185.2 million for the nine months ending September 30, 2025 — representing a 9 per cent increase …
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BusinessEconomyEnergyGovernanceNigeriaOil & Gas
Marketers Accuse Dangote Refinery of Withholding Fuel Despite Advance Payments
Petroleum marketers have accused the Dangote Petroleum Refinery of failing to load their petrol trucks weeks after they made full payments for supplies, raising fresh controversy over the refinery’s operations …