Category: Oil and Gas

Dangote offers East Africa 30% stake in refinery

Aliko Dangote has offered East African countries a combined 30 per cent equity stake in...

UAE oil giant vessel attacked in Strait of Hormuz

The United Arab Emirates’ state-owned oil giant ADNOC said Saturday one of its vessels came...

Bonny Light nears $95 as Middle East tensions persist

The popular Nigerian crude contract, Bonny Light, approached the $95 per barrel mark amidst heightened...

Tinubu vows revival of govt refineries

President Bola Tinubu has assured Nigerians that government-owned refineries will return to operation following ongoing...

EFCC recovers ₦115bn, $84m unpaid NDDC levies from oil firms

The Economic and Financial Crimes Commission has recovered more than N115bn and $84m in outstanding...

Dangote Refinery alone not enough for Africa, says FG

The Federal Government has said the Dangote Refinery alone cannot meet Africa’s growing refined petroleum...

Global EITI team arrives to assess Nigeria’s oil, gas reforms

The Global Extractive Industries Transparency Initiative validation team has arrived in Nigeria to assess the...

India’s HPCL buys two million barrels of Nigerian crude

India’s Hindustan Petroleum Corp has purchased two million barrels of Nigeria’s Utapate and Okwuibome crude...

OPEC+ raises output again as Nigeria beats quota

OPEC+ has approved a 188,000 barrels per day increase in oil production quotas for September....

Nigeria’s crude oil export earnings drop 14.41% to $31.54bn

Nigeria’s crude oil export earnings dropped in 2025 compared to the previous year, according to...

Petrol depot prices drop nationwide amid rising competition

Petrol depot prices declined across major supply centres on Tuesday as marketers implemented fresh price...

Brent crude nears $99/barrel after Houthi strike on Saudi oil vessels

The price of main international oil contract, Brent North Sea, soared five per cent Thursday...